Google’s philanthropic arm, Google.org, is investing $10.25 million in two companies working on a new way to tap into the heat beneath the earth’s surface.
The companies are AltaRock Energy, which gets $6.25 million, and Porter Drilling, which gets $4 million. Additionally, the Geothermal Laboratory at Southern Methodist University, which is working on locating geothermal sources in North America, will receive a grant of about $490,000.
The money comes from Google’s RE C initiative, which seeks to develop renewable energy sources that are cheaper than electricity produced from coal.
Full article: csmonitor.com
Labels: coal, electric, geothermal, technology
