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Google wades into offshore power lines - MarketWatch

Google Inc., Japanese trading house Marubeni Corp. and Swiss-based Good Energies Investment Corp. on Tuesday pledged seed money to develop an undersea power-cable network along the U.S. Eastern seaboard, the companies said Tuesday.

The funding supports a venture by Trans-Elect, an independent transmission company seeking to build a 350-mile transmission system off the Atlantic coast from New Jersey to Virginia.

The network would supply electricity from future offshore wind farms that will be run by an independent U.S. power producer, the companies said.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Oct 12th, 2010 at 02:17:27 PM EST
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