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Potter Drilling

Google admits VC rumors

Mountain View, Calif.-based Google (Nasdaq: GOOG) has finally admitted there is validity to the long-standing rumors of a dedicated venture capital arm at the Internet giant.

Google has officially launched the VC fund, Google Ventures, with about $100 million to invest in technology startups in in software, cleantech, biotech, health care and the Web.

Funds flow to smart grids, carbon capture

August 21, 2008 - by David Ehrlich - Trilliant and EnOcean pull in funding for energy metering, Blue Source forms a carbon capture venture, and we spot 20 other deals over the past week. Full Story »

Google pushes for enhanced geothermal

August 19, 2008 - by David Ehrlich - The company calls for a big boost in U.S. funding for geothermal, putting more than $10 million of its own cash into the technology. Full Story »
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