Google to invest in grid for offshore wind

Google Inc. has thrown its financial clout behind a proposed 350-mile underwater electric cable off the U.S. East Coast that could form the backbone of a grid carrying power from future offshore wind turbines.  Japan's Marubeni Corp and New York investment firm Good Energies are joining in financing the project, which will be led by transmission-line developer Trans-Elect. The cable will help developers of offshore wind projects to surmount a major cost challenge -- connecting their turbines back to the grid in a way that allows them to sell to multiple customers. Google announced the move, which it called an investment in "a superhighway for clean energy" on its corporate blog.  Google, an often-quirky company, said in late 2007 that it would begin to invest in companies and fund research into producing affordable renewable energy. It has also invested in onshore wind and solar energy. The Internet search giant did not disclose the anticipated cost of the cable, which would run from Virginia to New Jersey, but The New York Times reported it as about $5 billion. Source: MSNBC

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Iron Edison Lithium Iron Battery

Iron Edison Lithium Iron Battery

The Iron Edison Lithium Iron solar battery is fully compatible with popular battery-based inverters and is housed inside a rugged steel enclosure with integrated Battery Management System. Standard capacities range from 2 kWh to 42 kWh, with custom high-capacity and high-voltage models available for commercial applications like peak load shaving and UPS. The battery is designed and assembled at the company's headquarters just outside of Denver, Colorado. The Iron Edison Lithium Iron battery is an ideal replacement for lead-acid battery, with longer cycle life, smaller footprint, and maintenance-free operation. Residential applications include solar battery backup, grid-zero and off-grid energy storage. Commercial applications include high voltage battery backup, off-grid telecommunications power and peak load shaving. If you have any questions, please call us at 720-432-6433. We are happy to help!