Apple Can Now Sell Power as Tech Giants Boost Energy Investments - Energy Watch News


Apple Can Now Sell Power as Tech Giants Boost Energy Investments

Apple Inc., which spent $850 million last year on a 130-megawatt solar farm near San Francisco, can begin selling power into wholesale markets, joining Google parent Alphabet Inc. in the energy-trading business. Apple’s subsidiary Apple Energy LLC may sell energy, capacity and other services needed to maintain reliable power, according to an order by the Federal Energy Regulatory Commission on Thursday. In granting approval, the commission determined the Mountain View, California-based company did not raise the risk of being able to unfairly hike up power prices. Apple, together with Google, are among a group of tech companies outside the utility industry ramping up investments in energy projects. http://www.bloomberg.com

Tagged with: , , , , ,
Posted in Industry News

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Featured Product


 

Featured Job