Google today announced a renewable energy initiative with the ultimate goal to produce energy that is cheaper than that produced using coal. The clever name that they came up with: Renewable Energy Cheaper than Coal. The plan is to produce one gigawatt of renewable energy capacity, enough to power San Francisco.

The Wall Street darling plans to invest tens of millions of dollars in the project and hire aggressively. Key technologies of interest include solar thermal power, wind power, and enhanced geothermal systems.

Press release from Business Wire.

This entry was posted on Tuesday, November 27th, 2007 at 11:57 pm and is filed under General, Energy, Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.