Apple's global facilities now 100% powered by clean energy
10 April, 2018, 20:27 | Author: Natasha Holloway
Among its major projects, Apple's enormous new headquarters in Cupertino, named Apple Park, will be powered by a 17MW onsite rooftop solar installation and 4MW of biogas fuel cells, all controlled by a microgrid with battery storage.
Apple has announced today its global facilities are now powered with 100 percent clean energy, which includes retail stores, offices, data centers and co-located facilities in 43 countries, which includes the U.S., UK, China and India. "After years of hard work we're proud to have reached this significant milestone", said Tim Cook, Apple's CEO.
Apple has finally hit its goal of running its own operations off 100% renewable energy.
Last year, one of Apple's component suppliers, Ibiden, was added to that number as the first supplier in Japan to join the program after committing to 20 new renewable energy projects in Japan, including an impressive floating solar farm, to offset the energy used to produce components for Apple. The company has claimed that it now has 25 renewable energy projects in operation around the globe and generates 626 megawatts.
The company has also urged utilities to procure renewable energy to help power Apple's operations. In 24 countries where it operates, Apple had reached the 100 percent renewable level, and almost 100 percent of the paper used in product packaging was from recycled or "responsibly managed sources".
Mr Mahu stated that now, renewable energy contributed about one per cent to the national power generation mix, but the focus was to reach 10 per cent by 2030. Once built, over 1.4GW of clean energy generation will be spread across 11 countries, it said. "We're seeing the benefits of an increasingly competitive clean energy market".
To sum up, Apple is not technically using 100% renewable energy sources but it uses this term to imply that it can meet its global energy consumption in future by using green energy.
Not only does its investment in green energy sources mean it's making a conscious effort to reduce its carbon footprint significantly, it's also financing the green energy economy, with current contracts contributing more than $3 billion in new capital investment around the world. Google is now the largest corporate buyer into renewable power.
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A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. It is used in option pricing formula to gauge the fluctuations in the returns of the underlying assets.
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