Posted on 11/23/2011 7:17:27 AM PST by MNDude
Says other institutions better placed to carry on effort
* Announces six other projects it will cease supporting
By Alexei Oreskovic
SAN FRANCISCO, Nov 22 (Reuters) - Google Inc has abandoned an ambitious project to make renewable energy cheaper than coal, the latest target of Chief Executive Larry Page's moves to focus the Internet giant on fewer efforts.
Google said on Tuesday that it was pulling the plug on seven projects, including Renewable Energy Cheaper than Coal as well as a Wikipedia-like online encyclopedia service known as Knol.
The plans, which Google announced on its corporate blog, represent the third so-called "spring cleaning" announcement that Google has made since Google co-founder Page took the reins in April.
The changes come as Google is facing stiff competition in mobile computing and social networking from Apple Inc and Facebook, and as some investors have groused about rising spending at the world's No.1 Internet search company.
"To recap, we're in the process of shutting down a number of products which haven't had the impact we'd hoped for, integrating others as features into our broader product efforts, and ending several which have shown us a different path forward," wrote Google Senior Vice President of Operations Urs Holzle in the blog post.
Google said that it believed other institutions were better positioned to take its renewable energy efforts "to the next level."
Google began making investments and doing research into technology to drive down the price of renewable energy in 2007, with a particular focus on solar power technology.
(Excerpt) Read more at reuters.com ...
LOL BTTT
Translation: Google will do anything that is a losing capital venture and they know this is all a boondoggle.
But just like the loonies won’t see Steve Jobs as part of the corporate conglomerates, they won’t see Google as such either.
Translation: Google will do anything that is a losing capital venture and they know this is all a boondoggle.
But just like the loonies won’t see Steve Jobs as part of the corporate conglomerates, they won’t see Google as such either.
*****************
Google *WON’T*...
Damn laws of physics.
> Funny how the Laws of Thermodynamics keep screwing things up.
Just let Congress know the exact laws so that they can repeal them.
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