GE and Google Partner for a Smart Grid and Green Power
General Electric and Google partnered last week to lobby the federal government for investment in the electrical grid to support more renewable energy generation.
The corporate giants said they want to give consumers more energy choices through a smart grid that will also accommodate the next generation of electric transportation and manage electricity more efficiently.
Together the companies will collaborate on advanced geothermal technology and the software and services needed to help utilities integrate plug-in electric vehicles into the grid. They will lobby in Washington, D.C. through policy proposals, advocacy, public relations and information programs.
The move comes as Congress considered an energy bill and the renewal of federal tax credits for green power, which are set to expire at the end of the year.
"The current regulatory and economic model is failing to drive the innovation and investment we need in today's electric grid," GE and Google said in a statement. "We will work to overcome regulatory and institutional barriers and advocate for appropriate incentives."
Google launched an green power initiative last year, Renewable Energy Cheaper Than Coal, while GE's ecomagination drive aims to push revenue of environmentally-focused products like wind turbines to $25 billion by 2010.
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