Google enters into Electricity and Utility Business to power a clean energy revolution via. investments and projects in hand. This week, Google has made an green investment by putting $130 million into eSolar Inc., which specializes in solar thermal power. Solar thermal technology replaces the fuel in a traditional power plant with heat produced from solar energy, and has great potential to produce utility-scale power that is cheaper than coal.
Here’s a about eSolar’s core technology:
Concentrating solar power, which uses mirrors to turn liquid into steam that drives standard electricity-generating turbines. CSP, also sometimes called solar thermal, is considered a promising replacement for fossil fuel power plants, particularly the coal plants that generate more than half of U.S. electricity. It’s been around for decades, last seeing popularity in the early 1980s, when oil hit an inflation-adjusted price of $82 per barrel. Higher oil prices make fossil fuel plants more costly, making it easier for alternative technologies to compete.
More info: eSolar Inc. (PDF)
Google, Electricity, eSolar, Solar, Thermal, Energy, Power Saving, Energy Saving, Green Peace, Investment