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May 16, 2008

Green Google? - Google is investing $125 Million in BrightSource Energy!

Green Google? - Google is investing $125 Million in BrightSource Energy!

Google (GOOG) just announced that they are investing $125 million in BrightSource Energy, a company that focuses on generating solar energy.

You never hear these things from Microsoft or any other big tech companies but it’s great to hear that Google is focusing on the brighter future for our earth.

I did notice Google.org, which is Google site dedicated to putting off some of their revenue for things like this.

Great stuff Googlers!

Today we are pleased to announce our participation in BrightSource Energy’s $115 million venture financing with a $10 million equity investment as part of Google’s RE<C initiative.

Solar thermal energy generation is one of the key emerging industries addressing the changing global climate and we are excited about both of our current investments in solar thermal technology — BrightSource Energy and eSolar.

In addition to making investments in renewable energy startups, we plan to make grants to support the research and development of enabling technologies to help the solar thermal industry achieve larger scale and lower costs. We believe that by supporting researchers and entrepreneurs taking different, ambitious approaches and risks to generate clean energy, we can help to accelerate progress and increase the collective economic value of these new clean energy industries.

via Google Blog

Here’s a video of Google Founders discussing the Climate Change:

Click Here to View in Full Screen Mode

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Nice idea. Way to go. Google Mono Titi

Comment by Google Mono Titi — May 17, 2008 @ 4:57 am

I thought google is investing $10M, not $125M?

Comment by dom — May 18, 2008 @ 6:56 pm

That’s the right way!!!

Comment by houserocker — May 19, 2008 @ 2:59 am

Everyone is talking about Google, Boone Pickens and other’s investments in green energy and Socially Responsible Investments. For individuals with less than a billion dollars, it’s not as easy. There are some green mutual funds and ETFs you can buy on your own, but you are better off finding an investment advisor ( http://www.claroconnect.com ) who can help screen the investments and make sure it fits into your financial plan.

Comment by Find a Socially Responsible Investment Advisor — August 5, 2008 @ 5:10 pm

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