Breaking News

Samsung Brings the Ultimate Gaming Experience to 2021 Neo QLED and QLEDs GIGABYTE AORUS Gen4 7000s SSD- The Fastest PCIe 4.0 NVMe SSD TerraMaster Releases All-New TOS 4.2 Samsung Announces S21 series with new Galaxy Buds Pro Sony Launches Newest Addition to G Master Full-Frame Lens Series with the Indispensable FE 35mm F1.4 GM

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Makani’s Time as an Alphabet “Other Bet” Comes to an End

Makani’s Time as an Alphabet “Other Bet” Comes to an End

Enterprise & IT Feb 19,2020 0

Google parent Alphabet is killing off its wind energy subsidiary, Makani, as the company continues to seek financial discipline for its so-called moonshot projects.

“Despite strong technical progress, the road to commercialization is longer and riskier than hoped, so from today Makani’s time at Alphabet is coming to an end,” the company’s CEO, Fort Felker, announced in a blog post Tuesday.

Makani was founded in 2006 by a group of kitesurfers who were curious about the potential for kites to unlock wind energy in more places around the globe. During a 13-year-long journey, the company created a new kind of wind power technology: energy kites.

Makani spent the past seven years at Alphabet, during which time our technology advanced from a 20kW demonstrator kite, to a utility-scale kite capable of generating 600kW. Last year, after leaving X to become an independent business, Makani's focus shifted to becoming commercially viable and with the support of Shell, they were able to demonstrate the first flights of a utility-scale energy kite system from a floating platform off the coast of Norway.

Felker added that this isn't the end of the road for the technology Makani developed, but it does mean that Makani will no longer be an Alphabet company. Shell is exploring options to continue developing Makani’s technology.

Alphabet delivered a "disappointing" earnings report, where the losses from its Other Bets swelled to $4.8 billion in 2019, up from $3.4 billion the year before. Along with Makani, that division includes other longer term efforts, like autonomous vehicle unit Waymo and healthcare company Verily.

Tags: AlphabetAlphabet X
Previous Post
Twitter Buys Chroma Labs
Next Post
Intel and QuTech Unveil Details of First Cryogenic Quantum Computing Control Chip, ‘Horse Ridge’

Related Posts

  • Alphabet Brings Loon to Mozambique

  • Alphabet's Loon and AT&T to Offer Global Connectivity Solutions

  • Alphabet Warns of Difficult Quarter, Google Cloud and YouTube Expansion Help Fueled Q1 Results

  • Alphabet CEO Pichai’s 2019 Compensation Worth $281 Million

  • Kenya Approves Flights of Loon’s Internet Balloons

  • Google Announces $10 Billion US Investment Plan

  • FTC Orders Alphabet, Amazon, Apple, Facebook, Google, and Microsoft to Bring Data About Past Acquisitions

  • Alphabet’s Loon and SoftBank’s HAPSMobile Complete Development of Communications Payload for HAWK30 Aircraf

Latest News

Samsung Brings the Ultimate Gaming Experience to 2021 Neo QLED and QLEDs
Consumer Electronics

Samsung Brings the Ultimate Gaming Experience to 2021 Neo QLED and QLEDs

GIGABYTE AORUS Gen4 7000s SSD- The Fastest PCIe 4.0 NVMe SSD
PC components

GIGABYTE AORUS Gen4 7000s SSD- The Fastest PCIe 4.0 NVMe SSD

TerraMaster Releases All-New TOS 4.2
Enterprise & IT

TerraMaster Releases All-New TOS 4.2

Samsung Announces S21 series with new Galaxy Buds Pro
Smartphones

Samsung Announces S21 series with new Galaxy Buds Pro

Sony Launches Newest Addition to G Master Full-Frame Lens Series with the Indispensable FE 35mm F1.4 GM
Cameras

Sony Launches Newest Addition to G Master Full-Frame Lens Series with the Indispensable FE 35mm F1.4 GM

Popular Reviews

CeBIT 2005

CeBIT 2005

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Hitachi DZ-MV100A DVD Camcorder

Hitachi DZ-MV100A DVD Camcorder

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed