Google to abadon cheap energy among seven projects

23 Nov 2011

1

Larry PageGoogle Inc has dumped an ambitious project to make renewable energy cheaper than coal, the latest initiative of chief executive Larry Page, in a bid to keep the focus limited to only a few efforts.

The company said yesterday that it was giving up on seven projects, including its 'renewable energy cheaper than coal' initiative as also Wikipedia-like online encyclopedia service known as Knol.

The move announced on its corporate blog, represents the third so-called "spring cleaning" announcement that Google has undertaken after Google co-founder Page took the helm in April.

The changes come amid stiff competition in mobile computing and social networking from Apple Inc and Facebook, and as some investors complained about rising spending at the world's No1 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 in a better position to take its renewable energy efforts forward.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers