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Apple now has an energy company: Report

Apple now has an energy company: Report

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Apple has created a subsidiary energy company, 9to5Mac reported Friday. Apple Energy LLC is seeking to sell power at wholesale prices, in part from the solar energy and hydroelectric facilities connected to places like the Apple Data Center, according to documents filed with the Federal Energy Regulatory Commission. The new Apple Energy entity was incorporated in Delaware last month, according to the Delaware Secretary of State’s website. Apple has already invested heavily in solar power, creating a USD 850-million solar farm last year to power its California operations. Meanwhile, 9to5Mac reports, Apple’s said to be working on an electric car project, including potential charging stations. Still, the world of energy regulation is complex, as 9to5Mac reports, with limits on what private companies can do. Apple did not immediately respond to CNBC’s request for comment on the regulatory filings.

Source:CNBC

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Anand Gupta Editor - EQ Int'l Media Network

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