Why Apple's New Energy Business Should Scare Utilities - Energy Watch News

Why Apple’s New Energy Business Should Scare Utilities

Backing large-scale solar farms in locales like California, Mongolia, China and Nevada may have just been a warm up for Apple’s foray into clean energy. As the tech site http://9to5mac.com/2016/06/09/apple-energy-company/ reported, the i-device giant has filed a federal application to become a solar company in its own right — sort of. More specifically, Apple is asking the Federal Energy Regulatory Commission for the green light to begin selling excess power through a subsidiary called Apple Energy LLC within the next 60 days. The move is part of the company’s efforts to both implement a $848 million California solar project and achieve an overall 100 percent renewable energy goal. Those watching the market for corporate renewable energy say the filing — which comes after similar steps by Walmart, Dow Chemical, Google and Amazon — could signal both a shifting competitive landscape for energy incumbents and a change in Apple’s own product strategy. https://www.greenbiz.com/article/why-apples-new-energy-business-should-scare-utilities

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