Google.org, the philanthropic arm of the Internet search giant, will be investing over $10 Million in Enhanced Geothermal Systems Technology. One of the premiere data mining tools on the planet will now be using a bit of its massive market capitalization to utilize renewable, clean heat energy within the earth’s crust for the energy needs of the future.
Google’s initial investment will primarily go to one of the three geothermal facilities:
- - Potter Drilling: A $4 Million investment in two tranches employing Enhanced Geothermal Technology in drilling through hard rock with a patented method from MIT.
- - AltaRock Energy Inc.: A $6.25 Million investment in EGS technologies and project development to support the advancement of enhanced geothermal systems.
- - Southern Methodist University Geothermal Lab: $489,521 grant to improve geothermal resource assessment techniques and update the Geothermal Map of North America.
After the jump you can view a YouTube video of Cooper Basin Enhanced Geothermal Systems project:
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