Makani Power has announced that they have been acquired by Google [x], Google’s (GOOG) secretive research lab.
This formalises a long and productive relationship between the two companies, and will provide Makani with the resources to accelerate their work. Google invested US$ 10 million in Makani Power in 2006 and another US$ 5 million in 2008. Makani has also received support of the US Department of Energy’s ARPA-E program. The acquisition of Makani has being completed for an undisclosed amount. Together the companies will work to make airborne wind a cost-effective reality.
