Google enters into the green energy business
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It was announced on Tuesday that Google plans to invest tens of millions of dollars in R&D in renewable energy. The company has stated that the technologies created by Google will be used directly by Google itself, as the company is a big user of energy. Google will hire approximately 30 people into a newly created clean-energy division by 2008.
The company will also fund other investments through its philanthropic arm, Google.org. The group has about $2 billion worth of Google stock to invest.
