Google plans to spend tens of millions of dollars on both renewable energy research and development and related investments in 2008, with the goal of making renewable energy less expensive than coal power.
That goal is embodied in the name of the new initiative, RE C, which will initially focus on advanced solar thermal power, wind power, enhanced geothermal systems, and other potential breakthrough technologies. RE C is currently hiring engineers and energy experts to achieve those goals. See the Google press release.
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