Beverly Hills 1/9/2010 1:51:46 AM
News / Business

Google Files for Wholesale Power Trading

Financial World News Update by Equities Magazine

Attempting to more efficiently manage it’s enormous energy needs, Internet goliath, Google has requested filed for permission from the Federal Energy Regulatory Comission to buy and sell electricity on the wholesale market.

 

Google will not be the first company of its kind of make such a request, over 1,500 companies with oversized energy costs have been given the go ahead to contain and manage the cost of energy for their company in this way.

 

Google and other information technology sites make up roughly 3 percent of all U.S. electricity expenditures, certainly enough to qualify them for this unique energy cost management method.

Energy requirements are on the rise with the continuous development of the information technology industry. The exponential growth is expected to necessitate two new power plants every year if it continues at its current rate.

 

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