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 7/10 Very Good --- blog.wired.com http://blog.wired.com/wiredscience/atom.xml
| Wired.com weighs in on the latest science news, including space, biology, disease, drugs and alcohol, geology, math, neuroscience, and physics. ... |
Wednesday, May 14, 2008 --- 70 days ago http://blog.wired.com/wiredscience/2008/05/googleorg-doubl.html
BrightSource Energy, a solar thermal power company, announced they closed a $115 million round of funding from a raft of influential investors, including Google.org, Draper Fisher Jurvetson, and BP Alternative Energy.
Google has only announced three investments in alternative energy companies. Two of them have been into companies using solar thermal technology,
which uses mirrors to turn liquid into steam that drives a turbine, lending support to a burgeoning but unproven industry .
"We're very enthusiastic about solar thermal technology," said Dan Reicher
he Director of Climate Change & Energy Initiatives for Google.org. "This second investment obviously indidcates that."
The nineties were a dark time for alternative energy. Now, though, with
climate
change and expensive oil dominating headlines, scores of new wind,
solar photovoltaic, solar thermal, and geothermal companies have
emerged to take advantage of renewable energy
credits and the need for cleaner energy. While wind is further along
the commercialization path , its intermittent nature is a major problem
for the grid. With nuclear plants looking increasingly expensive and
running into production bottlenecks , solar thermal is emerging as a
leading alternative to fossil fuel power plants.
Google's not the only believer in the technology. Dozens of
institutional and venture investors are getting behind solar thermal
technology as a possible replac ... |
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