Google + GE = Renewable Energy

Google and GE are going to be working together in an effort to develope renewable energy. Google is financing geothermal energy and now with the help of GE will look at plug in vehicles using electrcity and other options. According to the Mercury News article it also states that:

“We are trying to make renewable energy cheaper than coal energy,” Google co-founder Larry Page said at a news conference Wednesday afternoon.

The partnership was unveiled at Google’s annual Zeitgeist conference, a two-day think-fest where Google’s business partners are invited to Mountain View to discuss global issues with leaders such as former vice president Al Gore and Mexican businessman Carlos Slim, as well as celebrities including Leonardo DiCaprio and Forest Whitaker.

Against a backdrop of continued financial turmoil, Google’s leaders said their business was in good shape and unlikely to experience a direct impact from the current crisis.

“The company has a large amount of cash in very boring investments,” Chief Executive Eric Schmidt told reporters. As of June 30, Google had $16 billion in cash and securities and other current assets.

Schmidt said Google plans to move ahead with a previously announced deal to provide search-advertising services to Yahoo, despite scrutiny by regulators in the United States and Europe. Schmidt said that his company had anticipated there would be objections

It is good to see large companies joining forces to take the energy issues to task. For thirty years we sat on our butts doing nothing about our oil consumption.

What do you think? If and when Lockergnome fixes the comment section, I would love to hear what you think. I can not currently approve comments which currently number 40+ and counting, until the site is fixed.

Comments welcome.

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