Internet search giant
) has acquired Alameda-based wind turbine maker Makani Power,
Inc. for an undisclosed amount.
Privately-owned Makani Power was founded in 2006 by Saul
Griffith, Don Montague, and Corwin Hardham. This green energy
startup builds airborne wind turbines and is a leading developer
of airborne wind power extraction systems. After the completion
of the acquisition, the Makani Power team will be integrated into
For quite some time Google has been interested in clean
technology rather than using fossil fuels. Google invested $10
million in Makani in 2006 and another $5 million in 2008 (as per
TechCrunch source). Earlier, in Jan 2013, it invested $200
million in a wind farm in west Texas. Google has been focusing on
renewable energy to power its data centers. Since 2010, the
company has invested in 10 renewable-energy projects.
Google has already committed more than $1 billion to solar and
wind projects. Thus, the acquisition fits Google' purposes in
creating clean energy. The increased use of renewable energy by
Google and other cloud computing providers will help to reduce
global warming and fossil fuel consumption which is depleting at
a faster rate.
Google is also quite active on the merger and acquisition
front. In Feb 2013, it acquired Channel Intelligence for $125
million to boost its e-commerce business. Earlier this year, it
also acquired an infrastructure startup company, Talaria
Technologies to boost its cloud offerings. Recently, Google
acquired Behavio, a mobile sensor start-up company, for an
In the first quarter of fiscal 2013, Google's gross revenue
(including TAC) touched a record $14.4 billion, representing
sequential and year-over-year increases of 2.3% and 36.2%,
respectively. Excluding the $1.5 billion contribution from
Motorola, revenues were up 21.9% from the year-ago quarter.
Google has a Zacks Rank #3 (Hold). Other that are worth
Linear Technology Corp.
ON Semiconductor Corp.
), all carrying a Zacks Rank #2 (Buy).
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