As energy use rises, companies turn to their own green utility sources
PALO ALTO, Calif. — Like other big companies before it, including Wal-Mart and Google, Apple recently received a federal designation for its energy subsidiary that allows it to become a wholesale seller of electricity from coast to coast. In effect, Apple is creating its own green utility company, although the main customer is itself.
The motives may be economic as much as they are environmental. As a wholesaler, Apple could reduce the cost of its electricity load, which reached 831 million kilowatthours in the last fiscal year — enough to power about 76,000 homes for a year.
Apple is intent on reducing carbon dioxide emissions from electricity production — one of the biggest sources of greenhouse gases that contribute to global warming.
In one ambitious venture, Apple has contracted with First Solar to begin buying a little less than half of the power later this year from California Flats, a solar energy farm now under construction.