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LA Times: Alphabet shuts down its power-generating kites project

Google parent company Alphabet Inc. is shutting down its power-generating-kites firm Makani, the first closure of a “moonshot” project since Alphabet founders Larry Page and Sergey Brin stepped back from management in December.

Shell said it was “exploring options” to take on Makani’s technology and keep developing it. “Offshore wind has the potential to reach the large-scale generation capacity that society needs to transition to a lower-carbon energy system,” said Dorine Bosman, vice president of Shell Wind Development. “We believe that Makani remains one of the leading airborne-wind technologies in the world.”

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© The Financial Times Ltd. 2020. All rights reserved.

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