Google Inc. (Nasdaq: GOOG) has acquired Makani Power, an airborne wind turbine maker.

Makani, headquartered in Alameda, Calif., makes high-altitude wind turbines. The turbines are attached to land and fly into the air, similar to kites. On its website, the company says the deal with Google will allow it to accelerate its work to try to make wind energy costs competitive with fossil fuels. Terms of the deal were not disclosed

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.