“Apple Inc., which spent $850 million last year on a 130-megawatt solar farm near San Francisco, can begin selling power into wholesale markets in the latest foray by a technology company into the energy business,” Jonathan Crawford reports for Bloomberg Technology.

“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 Thursday,” Crawford reports. “Apple entered into an agreement last year with First Solar Inc. to buy power from the California solar farm in what was at the time the largest-ever solar procurement for a company that isn’t a utility, according to data compiled by Bloomberg New Energy Finance. Apple also owns 20 megawatts of generation in the Nevada Power Company service area and 50 megawatts in the Salt River Project service area in Arizona, according to the FERC order.”

Crawford reports, “Apple may begin wholesale power sales Saturday.”

Read more in the full article here.

MacDailyNews Take:

And God said, ‘Let there be light’ and there was light, but the Electricity Board said He would have to wait until Thursday to be connected. — Spike Milligan

SEE ALSO:
Apple Energy: The implications are mind-boggling – June 16, 2016
Apple Energy: Is this Apple running its own microgrids or more? – June 10, 2016
Apple Inc. forms Apple Energy company; looks to sell electricity into grid and perhaps directly to consumers – June 9, 2016