Apple has created its own energy company on the sly, enabling it to sell the excess power it’s generating.
We’ve long know that Apple is a powerful company, but a freshly spotted Federal Energy Regulatory Commission request reveals that it could soon have a sizeable surplus of the stuff.
As reported by 9to5Mac, Apple Energy LLC is the name of an Apple subsidiary that is registered in Delaware but operates from Apple’s Cupertino HQ.
The company appears to have been formed to sell future excess electricity created by Apple’s solar farms in Cupertino and Nevada. Apple plans to sell this energy across the US.
This marks a departure from standard US company practice. Typically, when a company generates excess electricity, it can only sell the surplus to an energy company – typically at a lower wholesale rate.
What Apple appears to be doing in attempting to create an energy company is sell energy to customers directly, and take a full slice of the profits.
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Right now, Apple says that it generates enough power to cover 93 percent of its worldwide needs. It’s obviously planning to make that 100 percent, which would naturally mean a certain amount of surplus.
Now we know what the company is planning to do with that surplus – make even more money to add to its Scrooge McDuck-like pile.
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What do you think? Is this a smart use of resources, or has Apple gone power mad? Let us know in the comments.
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Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
