Google is planning to enter the U.S. power market: BloombergMarket Watch, June 11, 2014
Google Inc. is looking to make a deeper push into the billion-dollar U.S. energy market by developing tools to deliver power more efficiently, Bloomberg News said, citing people familiar with the plans.
Google, long an investor in clean energy, is in the early stages of building software and hardware to manage power lines and other infrastructure, Bloomberg said. Google’s Energy Access team is taking the lead in that, the news agency added.
The U.S. electric grid has delivered reliable energy for decades, but there’s hope that a “smart grid” would improve it. Constant communication between the power network and homes and businesses would cut down on waste and inefficiencies.