Google gets licence to buy and sell energy

Google now has federal approval in the US to buy and sell energy. Anyone wondering about their intentions now? They are fed up with slow progress in the energy market and are scaling up their energy ambitions.

"Google applied for the authorization last December through a wholly owned subsidiary called Google Energy. The U.S. Federal Energy Regulatory Commission (FERC) approved its application Thursday, granting Google "market-based rate authorization," or the authority to buy and sell energy on a wholesale basis."

More from Networked World

Interestingly they Google also had a long presentation on Thorium nuclear reactors recently. Here is the summary