Google to Invest Hundreds of Millions of Dollars in Alternative Energy

From Reuters:

Google Inc is prepared to invest hundreds of millions of dollars in big commercial alternative-energy projects that traditionally have had trouble getting financing, the executive in charge of its green-energy push said on Wednesday.

The Internet search giant, which has said it will invest in researching green technologies and renewable-energy companies, is eager to help promising technologies amass scale to help drive the cost of alternative energy below the cost of coal.

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It’s nice to see private groups getting involved like this.