Gates Among Billionaires Backing Alphabet Energy Spinoff
https://www.bloomberg.com/news/articles/2018-12-19/gates-bezos-among-billionaires-backing-alphabet-energy-spinoff
...Solar developers have tried using molten salt in other ways to store excess electricity, but full-scale applications remain limited. SaltX Technology Holding AB has developed a salt-based heating and cooling system. SaltX shares fell 7.9 percent on Wednesday.
Alphabet’s X was once home to all of Google’s free-wheeling experiments, incubating sci-fi projects like self-driving cars, delivery drones and the Google Glass wearable computer. Since 2015, when Alphabet was formed, the lab has trimmed project budgets and dialed back some of its ambitions.
Now X designs projects with two primary goals: to become a standalone Alphabet division or spin out into an independent company. Other options include shutting down or becoming part of Google. Alphabet once had far bigger plans around energy, but has trimmed those in favor of smaller efforts like Malta inside X. A geothermal project called Dandelion became a standalone startup in 2017.