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Google gets license to enter energy-trading business

Posted on Saturday, February 20 2010 @ 00:30:22 CET by


ITWorld reports Google received federal approval to buy and sell energy on the open market. The license gives Google more options to power its data centers, but also clears the way for a potential move into the energy-trading business.
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.

"We made this filing so we can have more flexibility in procuring power for Google's own operations, including our data centers," Google spokeswoman Niki Fenwick said via e-mail.



 



 

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