Apple is no longer just a tech company with a commitment to powering itself completely from renewable energy. It is now officially licensed to sell clean electricity too, in an rare move that could save the company hundreds of millions of dollars in energy costs and corporate taxes.
The California tech giant last week won federal approval to start selling electricity, on top of its iPhones, iPads, MacBooks, watches and headphones. Rather than buying solar and wind electricity from another operator, like most technology firms do, Apple can also sell the juice from its own clean power plants.
The iPhone maker is part of a growing group of companies pledging to run most or all of their operations on renewable energy. Microsoft, Facebook and Amazon, for example, have also invested in wind farms and solar plants to help power their data centers and warehouses — a move that cuts both greenhouse gas emissions and energy and tax bills.