“Apple has quietly created an energy subsidiary, ‘Apple Energy’ LLC, registered in Delaware but run from its Cupertino headquarters,” Seth Weintraub reports for 9to5Mac.
“The company was seemingly formed to allow it to sell excess electricity generated by its solar farms in Cupertino and Nevada, with plans to sell electricity across the whole of the US,” Weintraub reports. “‘[Apple Energy LLC] is a Delaware limited liability company and is a 100% wholly owned subsidiary of Apple Inc. [Contact is] Apple Energy LLC, One Infinite Loop, Cupertino, CA 95014.'”
“Apple has alternatives for this at its campus… but if it wants to operate 100% renewable, it has to ‘trade’ overcapacity during the middle of the day for ‘net-metered’ energy during the evening or cloudy days.,” Weintraub reports. “But a set of Federal Energy Regulatory Commission filings suggests that Apple could have bigger ambitions in the power field… What Apple seemingly could to do… is sell directly to end-users at market rates. In other words, get paid retail prices for its excess power.”
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