Apple has a lofty new goal: it’s working on a “closed-loop supply chain” so it could stop mining the earth altogether and make its products from 100 percent renewable or recycled materials, including aluminum, copper, tin and tungsten.
In an effort to help bring more clean energy to its Chinese suppliers, Apple and wind turbine maker Xinjiang Goldwind Science & Technology (also known as Goldwind) have entered into a cooperative joint venture agreement, according to a Hong Kong stock exchange filing spotted by the South China Morning Post newspaper.
Beijing Tianrun New Energy Investment, a Goldwind subsidiary, will transfer its thirty percent stakes in four project firms that will stay subsidiaries under Goldwind for stock exchange purposes.
Apple is tapping into its vast base of hundreds of millions of iTunes accounts with credit cards on file to help collect donations to the American Red Cross in an effort to help victims of the flooding in southern Louisiana, which has forced thousands of people out of their homes. Banners on the iTunes and App Store and Apple’s U.S. website went live Friday, with donations to the American Red Cross available in $5/$10/$25/$50/$100/$200 tiers billed directly to your credit card.
Apple today issued a press release updating the public on its environmental progress in China while applauding its supplier Lens Technology, which in an unprecedented move has committed to utilize 100 percent renewable energy in all its glass production for the Cupertino firm by 2018.
Lens will use wind energy to power its two facilities in Changsha, Hunan province which are used for Apple manufacturing. The move will avoid nearly 450,000 metric tons of carbon dioxide per year, equivalent to the energy use in 380,000 Chinese homes.
Apple Energy LLC, a subsidiary of Apple, Inc. registered in Delaware last month, has successfully obtained federal approval from the United States Federal Energy Regulatory Commission (FERC) to sell excess energy generated from its solar facilities into the wholesale market, joining Google parent Alphabet in the energy-trading business.
The firm sought permission from FERC to begin selling power within 60 days of its filing on June 6. Sales can officially begin on Saturday, Bloomberg said, as FERC’s determined that Apple Energy doesn’t pose a risk of being able to hike up prices.