Apple’s investments in the hundreds of megawatts of solar projects for powering its server farms and offices is apparently generating more electricity than the company can use. Apple has set up a new business called Apple Energy with the Federal Energy Regulatory Commission to sell power on wholesale markets.
Apple has announced its plans for significant investments in solar projects throughout the US, and this will only help generate more electricity for the energy company.
Apple claims that they generate enough electricity to recover 93% of its usage worldwide. The company also has investments in hydroelectric, biogas, and geothermal power, will buy green energy from the grid when and if needed.
Apple may not be looking to convert this into its main business and call it iPower, however, it seems that they can sell back to the grid and get rid of any surplus they may not need. Apple had earlier this year shown $ 1.5 Billion in green investments, and major initiatives to improve recycling and impact on the planet.