Back in July Larry Page became Google's new chief executive and immediately began a campaign to reign in Google's projects and focus their resources. This was due to the stiff competition they were facing in mobile computing and social networking from Apple and Facebook, and also investor sentiment towards increasing expenditure on none core businesses.
One of the latest casualties of this "spring cleaning" was the big green initiative, RE The easiest way to increase the competitiveness of solar based energy is to increase the efficiency of the system, and decrease the running costs. Google used it's brainpower to try and develop a new type of Brayton Engine that would run on compressed hot air rather than steam, because solar plants are generally constructed in the desert where water is hard to come by. Google's senior vice president, Urs Hölzle, justified the cancellation of the CE However this set back does not signify that Google is moving away from championing greener energy, it is merely going to use its bank account to further the cause rather than its brainpower. In fact they have already increased their investment in renewable technologies, granting $850 million of investment into solar power, wind farms and other projects. By. James Burgess of oilprice.com
James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also… More
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