Google Gets Go-Ahead To Buy, Sell Energy

Friday Feb 19th 2010 by Datamation.com Staff
Share:

The ever-expanding technology company can now add "energy marketer" to its list of services.

cnet: The Federal Energy Regulatory Commission (FERC) has given Google Energy a green light to buy and sell electricity in bulk. The approval will allow the tech giant to better manage its own energy costs and possibly to market electricity to other users.

Google explained that it applied for approval in order to gain access to more renewable energy supplies in support of the company's efforts to become carbon neutral. "Right now, we can't buy affordable, utility-scale, renewable energy in our markets. We want to buy the highest quality, most affordable renewable energy wherever we can and use the green credits," said Google representative Niki Fenwick.

However, Google hasn't ruled out the possibility of acting as an energy utility. "We don't have any concrete plans. We want the ability to buy and sell electricity in case it becomes part of our portfolio," Fenwick added.

Share:
Home
Mobile Site | Full Site
Copyright 2017 © QuinStreet Inc. All Rights Reserved