Thursday, November 24, 2011

Google has decided not to produce renewable energy cheaper than coal

World's most popular Internet search engine, Google Inc has decided not to produce renewable energy cheaper than coal. Chief Executive Larry Page's said 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 major development has come as Google is facing sharp 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.

Google Senior Vice President of Operations, Urs Holzle in the blog post revealed, "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."

Meanwhile, Google started investments and research in technology to curb the price of renewable energy in 2007, with a particular focus on solar power technology.

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