Jun 10, 2016

Meet Apple: the new utility company on the block

Admin
1 min
Apple has created a subsidiary called Apple Energy LLC to sell the excess electricity produced at its various renewable energy facilities.

Apple has created a subsidiary called Apple Energy LLC to sell the excess electricity produced at its various renewable energy facilities.

On Monday, the tech titan filed a tariff application to the Federal Energy Regulatory Commission asking to sell the energy it generates from a number of its energy assets — solar plants, biogas facilities and hydroelectric power stations among them — on US wholesale markets.

Ultimately, Apple hopes to produce enough energy to power its worldwide operations using renewables.

The company’s new headquarters in Cupertino, California, called Apple 2, is equipped with 14MW of photovoltaics — and that’s only the tip of the iceberg. It plans to move operations into the new facility next year.

In 2015, the Mac creator bought a 130MW solar plant from First Solar, the biggest U.S. developer of solar farms. In total, Apple has planned to build 521MW of solar projects globally.

If the current tariff application is approved, Apple will be permitted to sell energy to customers directly, as opposed to via a utility company. In 2010, Google gained similar rights. 

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Apr 16, 2021

Hydrostor receives $4m funding for A-CAES facility in Canada

energystorage
Canada
Netzero
Dominic Ellis
2 min
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction...

Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.

The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction. 

The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.

The project has support from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology Canada.

Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.

The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”

A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth. 

Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."

The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.

Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019. 

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