Do recent struggles dominating the news represent the beginning of the end for green technology? Nah, it looks like business as usual for Silicon Valley. Only one in ten start-ups ever make it, VCs like to say, and failure makes you stronger.
Despite that Google is ending its efforts to reduce the cost of clean power below coal, we’ve actually made it there. And clean power entrepreneur Jigar Shah says to Google: Thank you for pioneering this, and it’s time to declare it a victory!
Despite Google shutting down its clean power philanthropic initiative, Google still remains committed to clean power in several ways far more important, which have represented the bulk of Google’s work with energy.
Google is officially shutting down its own in-house research initiative and equity investing focus on lowering the cost of clean power, called Renewable Energy Cheaper than Coal, or RE