Google’s subsidiary “Google Energy,” won’t actually be producing any energy, but rather buying it from clean energy producers and either using it to offset their carbon footprint (and save money,) or selling it to energy markets for profit. Last month they signed a 20 year deal with a wind energy farm in Iowa, and have installed large solar panels at many of their buildings. Some believe this to be an act of hedging for the future cost of energy in the years to come.
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