http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/business/2008/August/business_August605.xml§ion=business&col=Original Article
LOS ANGELES - Google Inc on Tuesday said it would invest more than $10 million in a breakthrough geothermal energy technology.
Google's philanthropic arm, Google.org, said the investment would go toward so-called Enhanced Geothermal Systems. The technology circulates water through hot rocks in the ground, producing steam to power a turbine.
Conventional geothermal technology relies on finding naturally occurring pockets of steam and hot water in the ground.
Google's investment includes $6.25 million for AltaRock Energy Inc, $4 million for Potter Drilling Inc, and a $489,521 grant for Southern Methodist University's Geothermal Lab.
Wednesday, August 20, 2008
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