Green Tech News: Apple Goes Solar
Apple has created an energy subsidiary, Apple Energy LLC. Registered in Delaware (this state has very favorable corporate laws, as well as a court system which is respected internationally as A fair venue to resolve disputes), this company was formed to sell excess electricity generated by Apple’s solar farms across the US.
Given Apple’s commitment to using renewable energy to power its operations, it is no surprise that the company wants to ensure that its solar farms generate sufficient power to meet its needs. In fact, many folks will argue that Apple is getting away from its core business, but it seems Apple is actually maturing as a corporation. Besides, renewable energy can be an advantage as Apple can sell off these subsidiaries in the future if it wants to.
To tell the truth, Apple is not looking to become Duke Energy. They are just selling their excess capacity because there is nothing else you can do with it if you have excess capacity.
Will Apple continue to invest in alternative energy and actually become America’s chief green provider? No, we don’t think so. But their electric bills must be impressive today as in addition to the many Apple stores, the company has a huge number of office buildings scattered around Silicon valley. Now, while Apple may be able to negotiate a good retail rate, the difference in retail buying and wholesale selling to end-users must be huge to get a mega-company’s attention. And let us not forget that there are massive tax credits available for generating renewable energy. That would be a lot of money flowing through Apple’s financial systems. It can also impact the price of electricity.
After Apple Car with its recharging stations, the electronic giant goes solar… What’s next? Is Bank of Apple coming tomorrow to our neighborhood? Or will we habitat in Apple Homes or Apple Cities, powered exclusively by Apple?
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Apple Campus. Credit photograph: Joe Ravi, Creative Commons Share-Alike License CC-BY-SA 3.0
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