Google injects US$10m into eSolar
Google announced that it has made a US$10 million investment in eSolar, a California-based solar thermal power developer first identified as a partner in the Internet search giants RE < C initiative.
The investment was part of an announcement by Google.org of core initiatives to combat climate change, poverty and emerging threats. More than US$25 million in grants and investments were announced.
The Google.org initiative includes; work to better predict and prevent disasters and crisis; improve public services, especially for the poor; lower transaction costs to invest in SMEs and provide smaller corporations access to larger financial markets; and to accelerate the commercialization of plug-in vehicles.
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Category: Climate change, Global energy, Renewables
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