Google Stops Wasting Money On Cheap, Renewable Energy

Chooses to invest in more promising perpetual motion technology.

[W]e'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 better positioned to take its renewable energy efforts "to the next level."

Google began making investments and doing research into technology to drive down the price of renewable energy in 2007, with a particular focus on solar power technology.

In 2009, the company's so-called Green Energy Czar, Bill Weihl, told Reuters that he expected to demonstrate within a few years working technology that could produce renewable energy at a cheaper price than coal.

"It is even odds, more or less," Weihl said at the time. "In three years, we could have multiple megawatts of plants out there."

A Google spokesman said that Weihl had left Google earlier this month.