23 Nov '11, 11pm

Google phases out clean energy R&D in favor of deployment

Cross-posted from Climate Progress . Buried at the bottom of an innocuous "spring cleaning" post on Google's blog yesterday, the internet giant made a very important announcement: It will stop funding its Renewable Energy Cheaper than Coal (RE<C) initiative. But that's not the whole story. And if you believe the headlines -- "Google Abandons Renewable Energy Push " or "Are Google's Green Days Over? " -- you might think this is a negative development. But if you look at the details, it's a story about how the company is adapting to a changing market and actually increasing investments in renewables. Announced in 2007 by Google, RE<C was focused on driving down the cost of renewable electricity (mostly solar and geothermal) to meet the cost of generating electricity from coal. The initiative funded research and development (R&D) in capital-intensive, early-stage technologies...

Full article: http://www.grist.org/business-technology/2011-11-23-googl...

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