They have the iPhone, iPad, Mac, Apple TV, Apple Music, and they are moving into the electric vehicle space...
But, Apple (NASDAQ: AAPL) isn't stopping there, further added to their expertise with the announcement on Wednesday of a battery storage project they are building at a Northern California Solar Farm.
Sounds like a fair investment, but according to Verge, the company failed to mention the battery packs are coming from some company called Tesla (NASDAQ: TSLA); apparently, they are a big deal 👀.
According to documents submitted last year, the setup was approved by the Monterey County Board of Supervisors in 2020 and will store 240 megawatt-hours of energy for Apple.
Here's where Tesla plays a part...
The setup will involve 85 Tesla lithium-ion 'megapacks' used to power the company's corporate headquarters in Cupertino.
Sadly Verge was unable to get a comment from either party, however, Apple's Vice President Lisa Jackson did speak to Reuters on Wednesday, saying, "If we can do it, and we can show that it works for us, it takes away the concerns about intermittency and it helps the grid in terms of stabilization. It’s something that can be imitated or built upon by other companies.”
If anything, it's a great step for clean energy🔋.
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