Kite-power company Makani will no longer be part of Alphabet.
Makani
Alphabet, Google’s parent company, is letting go of its power-generating kites company Makani, according to a Tuesday blog post by Makani CEO Fort Felker. It’s the first project from X, Alphabet’s moonshot factory, to be terminated since Google co-founders Larry Page and Sergey Brin stepped aside as leaders in December, the Financial Times earlier reported.
Google acquired Makani, which developed airborne wind turbines and aimed to make wind energy more accessible and affordable, in 2013. Alphabet CEO Sundar Pichai has reportedly been under pressure to cut losses from the company’s Other Bets category, which includes projects such as X, self-driving car service Waymo and
Source CNET Tech
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