Apple Creates Clean Energy Subsidiary

“Apple has created a subsidiary to sell the excess electricity generated by its hundreds of megawatts of solar projects. The company, called Apple Energy LLC, filed a request with the Federal Energy Regulatory Commission to sell power on wholesale markets across the US.

The company has announced plans for 521 megawatts of solar projects globally. It’s using that clean energy to power all of its data centers, as well as most of its Apple Stores and corporate offices. In addition, it has other investments in hydroelectric, biogas, and geothermal power, and looks to purchase green energy off the grid when it can’t generate its own power. In all, Apple says it generates enough electricity to cover 93 percent of its energy usage worldwide.

But it’s possible that Apple is building power generation capacity that exceeds its needs in anticipation of future growth. In the meantime, selling off the excess helps recoup costs by selling to power companies at wholesale rates, which then gets sold onward to end customers.

It’s unlikely that Apple, which generated more than $233 billion in revenue in fiscal 2015, will turn power generation into a meaningful revenue stream — but it might as well get something out of the investment. The company issued $1.5 billion in green bonds earlier this year to finance its clean energy projects.” (2)

Related Articles:

References:

  1. http://inhabitat.com/apple-is-launching-a-new-company-to-sell-surplus-solar-energy/apple-cupertino-hq-foster-partners-1/
  2. http://www.theverge.com/2016/6/9/11896502/apple-clean-solar-energy-subsidiary-wholesale

Why an iPhone will never replace the DSLR Digital Camera

The two aren’t even close.

Source: www.businessinsider.com

>” We recently pitted the iPhone 6 camera against the DSLR Canon 5D Mark II and the point-and-shoot Canon PowerShot SD1400-IS. The iPhone held its own in many areas, and it’s unbeatable when it comes to portability.

And as the adage goes, “The best camera is the one you have with you.”

But for those of us who make a living taking photos or count photography as a serious hobby, the camera phone will never replace a DSLR (digital single-lens reflex). […]”<

Read more: http://www.businessinsider.com/why-an-iphone-will-never-replace-my-dslr-2015-3#ixzz3U0GD8Nb1

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Apple to Invest $2 Billion in Solar Farm Powered Data Center Renovation in Arizona

Apple plans to invest $2 billion to build a data center in Arizona in the location where its failed sapphire manufacturing facility exists, the state announced Monday.

Source: blogs.wsj.com

“> […] The company plans to employ 150 full-time Apple staff at the Mesa, Arizona, facility, which will serve as a command center for its global network of data centers. In addition to the investment for the data center, Apple plans to build a solar farm capable of producing 70-megawatts of energy to power the facility.

Apple’s investment is expected to create up to 500 construction jobs as well, the state said.

Apple said it expects to start construction in 2016 after GT Advanced Technologies Inc., the company’s sapphire manufacturing partner, clears out of the 1.3 million square foot site. The $2 billion investment is in addition to the $1 billion that Apple had earmarked to build scratch-resistant sapphire screens at the same location.

The investment comes a few months after GTAT filed for bankruptcy protection in October, citing problems with the Arizona facility. Shortly after its bankruptcy filing, GTAT said it planned to lay off more than 700 employees in Arizona.

In October 2013, Apple had agreed to build a sapphire factory in Mesa that GTAT was going to operate. At the time, Apple had said the new factory was going to create 2,000 jobs and move an important part of its supply chain to the U.S.

However, the project struggled to produce a consistent level of sapphire at the quality demanded by Apple. In the end, Apple did not use sapphire from the facility for its latest iPhones. After GTAT’s bankruptcy, Apple has said it was seeking ways to preserve the jobs lost at the Mesa facility.

Arizona’s governor said the state did not provide additional financial incentives to keep Apple in the state. For the original investment in 2013, Arizona provided $10 million to Apple to sweeten the deal for the company.”<

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