Thursday, 7th January 2010

A New Google Subsidiary: Google Energy

From the Article:

Google took a step toward entering the energy business with the creation of a subsidiary called Google Energy and a request with a federal agency to buy and sell electricity on the wholesale market.

The search giant formed a Delaware-based company called Google Energy on December 16 of last year, according to Delaware state records. The Federal Register on Tuesday referenced Google Energy's request to the Federal Energy Regulatory Commission (FERC), the agency with oversight over the power grid.

Rather than represent a shift beyond Google's core search business, though, the moves are meant to give Google flexibility in pursuing its corporate goal of carbon neutrality, according to a Google representative.

Source: CNET

Views: 1019

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