Big Brother Google Wants to Overhaul Power Grid
(Read More: Fully Charge Your iPhone With The Sun in 2 Hours or Less)
Google Inc. is developing software and hardware tools to help utilities manage power lines and other energy infrastructure more efficiently, taking aim at the $363.7 billion U.S. power-sales market, according to Bloomberg.
Google’s Energy Access team, led by Arun Majumdar, the vice president of Google’s energy unit, is overseeing the project. Google aims to transform the country’s aging utility infrastructure so that it’s more flexible to decentralized energy generation and able to better accommodate fickle solar and wind power.
Google has more than a $1 billion invested in renewable energy initiatives, like wind farms in Oregon or solar farms in Germany.
But it’s also making a push into home energy efficiency. It bought smart-thermostat maker Nest Labs for $3.2 billion earlier this year, a company whose device cuts down on energy bills by learning when to heat and cool your house.
The market for transforming the energy infrastructure is heating up in Silicon Valley, with the spotlight turning to smaller players with big ideas. These are companies like Imergy, which aims to transform how utilities work by using batteries, or EnerVault, whose different approach to batteries plans to revolutionize grid-scale storage. This market will only gain more momentum as Google and other companies its size invest in it more deeply.
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