Google’s parent company is shutting down power-generating kite subsidiary Makani: ‘The road to commercialization is longer and riskier than hoped’ (GOOG, GOOGL)

Alphabet is shutting down Makani, its power-generating kite subsidiary, a blog post from Makani CEO Fort Felker announced Tuesday. “This doesn’t mean the end of the road for the technology Makani developed, but it does mean that Makani will no longer be an Al…
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