Google (NASDAQ:GOOGL) dominated the headlines earlier this week with news that it planned to acquire Nest Labs for $3.2 billion. Most of the media focused on the "Internet of Things" implication of this deal, overlooking how it fits perfectly into Google's energy puzzle.
The tech company has really set itself apart in recent years with its commitment to energy efficiency and renewable energy, including its ongoing work with the massive utility Duke Energy (NYSE:DUK). In this video, Fool.com contributor Aimee Duffy talks to Tyler Crowe about why investors should consider the energy implications of this deal, and what it means for Google's future.
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Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned.The Motley Fool recommends Google. The Motley Fool owns shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.