At Google, Energy Secretary Steven Chu announces grants for ‘out-of-the-box’ global warming projects

Fulfilling a campaign pledge to tap Silicon Valley innovation to combat global warming, Energy Secretary Steven Chu announced Monday at Google’s headquarters the first federal grants for high-risk, high-reward clean-tech ventures — including revolutionary technologies like using bacteria to create gasoline.

"We are trying to hit home runs, not base hits," Chu said. "These are out-of-the-box approaches."

By John Boudreau

[email protected]

Full Story: http://www.dailynews.com/technology/ci_13644411