Google Invests Pocket Change in Geothermal Technology

August 20, 2008 / No Comments

geothermalgoogle Google Invests Pocket Change in Geothermal Technology

So, I wonder. How many points does Google want for throwing pocket change at an alternate fuel technology? The giant search engine machine pledged “10 million U.S. dollars in Enhanced Geothermal Systems (EGS) technology, as part of its Renewable Energy Cheaper than Coal initiative. ”

Two geothermal tech start-ups and a university will benefit from the grant. “EGS expands the potential of traditional geothermal energy by orders of magnitude,” said EGS has the potential to provide clean renewable electricity 24/7, at a cost cheaper than coal.

AltaRock (cool name will get you money) Energy will get $6.25 million and Potter Drilling will get $4.25 million. SMU will get a grant of $489,521 (nice round number). Australia, Germany and the European Union are the technology leaders.  All 50 states have thermal resources accessible by EGS. Just gotta dig down and plug in. Or we can Iceland and/or Mitsubishi to see how they do it.

But, $10 million from a company that makes a profit of over $1 billion quarterly. That’s like a man with $4,000 to do go with giving away just $10 and hoping to make a difference.