News
Sep 04, 2008Google Invests over $10 million into Geothermal: Great News for CanGEA member, Altarock
Wonderful News for the geothermal industry, as search engine giant Google.org has invested over $10 million into the industry. Southern Methodist University will receive $489,000 to continue with their exceptional heat mapping program, innovative drilling technology leader Potter Drilling will receive $4 million and CanGEA gold members AltaRock will receive $6 million for their work in Enhanced geothermal Systems.
Scientific America covers the whole story
For $1 billion over the next 40 years, the U.S. could develop 100 gigawatts (a gigawatt equals one billion watts) of electricity generation that emits no air pollution and pumps out power to the grid even more reliably than coal-fired power plants, according to scientists at the Massachusetts Institute of Technology. Now Google.org—the charitable wing of the search engine giant—has chipped in nearly $11 million for this renewable resource: so-called geothermal power, or tapping the Earth’s heat to make electricity.
http://www.sciam.com/article.cfm?id=google-invests-in-geothermal&sc=rss
This funding makes Google the biggest investor/financial supporter of geothermal energy in the US, outspending the US government for this amazing renewable energy resource. Very impressive Google and thank you!
