Apple may soon be selling energy

Last Modified: Thu Jun 23 2016 08:35:36 GMT+0530 (India Standard Time)
  • 93%
    of energy consumed by Apple comes from renewable energy sources. It is buying the output of a host of large-scale solar projects in the US, wind projects, its own rooftop arrays, as well as a 1.1MW rooftop array in Singapore and aggregating the output from 800 different solar arrays.
  • 521 MW
    of solar projects worldwide that Apple has contracts with to date, making it one of the largest solar power end-users in the world. Apple currently sells its excess electricity back into the grid at wholesale rates. If it can sell that electricity to its suppliers, and then to its customers, it is likely to get a significantly higher rate.
  • 06 Jun 2016
    Apple has sought permission for its subsidiary - Apple Energy - to operate as an energy company from the FERC, the main US federal regulator. Should this come through, Apple will then be able to sell its excess energy directly to consumers at retails prices unlike the wholesale price it gets now as it feed back excess energy to the grid.