Google's Reicher to Invest in Offshore Wind

According to an Oct. 12 report from Google Inc., the Web company that a decade ago used engineering prowess to conquer the nascent online advertising market, is now aiming technology and its cash pile at another fledgling industry: offshore wind farming. The report said the company declared it is investing in a $5b underwater network that can channel electricity from wind turbines scattered off the Atlantic coast, enough to light up 1.9 million homes from New York to Virginia.

(Source: Bloomberg)