On the Blogs: Where Apple Energy Is Going Others Will Follow

first_imgOn the Blogs: Where Apple Energy Is Going Others Will Follow FacebookTwitterLinkedInEmailPrint分享Tim Healy for Forbes.com:Apple has quietly dropped a bombshell in the energy industry, launching an entirely new subsidiary called Apple Energy that will manage the complexities of its renewable energy efforts.The only information available on Apple Energy is in the company’s filings with the Federal Energy Regulatory Commission, but what can be gleaned from that illustrates a foundational shift underway in the energy world.Essentially, Apple is seeking the ability to sell the renewable energy it generates to other businesses and consumers at retail prices. Without FERC’s approval, Apple will only be able to sell its energy to energy providers and utilities at wholesale prices. Apple Energy would more or less act as an energy provider itself, enabling the company to leverage its investments in renewable energy like wind and solar to generate new revenue from an entirely new market.Apple’s decision to go this route might be unique, but a close look at the path it took to get here reveals a broader shift in the way businesses think about energy. And whether you’re a bleeding-edge company with substantial financial resources like Apple, or a smaller-scale enterprise that’s just starting to dip your toes in the water, there are a few lessons to learn from Apple’s energy evolution.Apple was one of the early names to sign onto RE100, a group of the world’s biggest companies committed to 100% renewable power. In its 2016 Environmental Responsibility Report, Apple said it’s already well on its way, claiming 93% of its worldwide energy usage comes from renewables. Like most big companies that have made aggressive public commitments to renewables in the past decade, Apple has pursued these goals through a combination of strategies, including the purchase of renewable energy certificates (RECs).If a company is drawing any power from the grid, the original source of power is indistinguishable, a mix of coal, natural gas, nuclear, or renewable. By purchasing RECs, businesses essentially pay a premium to ensure that for every megawatt of energy they consume from the grid, the energy supplier is procuring at least the equivalent amount from renewable resources.While RECs have become an increasingly popular way for companies to hit their renewable targets, some have claimed businesses that use them are misleading consumers. Critics argue that a company cannot claim to be 100% renewable while relying entirely on grid power.But Apple critics—and critics of RECs at large—are missing a few key points: 1) RECs are more than an expensive way of buying positive PR—they play an important role in the economics of renewable energy development, which accelerates the integration of these resources into our nation’s resource mix; and 2) Apple’s claims are based on more than just purchasing RECs as financial instruments on the open market. Like other firms in the RE100, Apple has influenced the transformation of the electricity grid by agreeing to purchase renewable energy on a large scale.Full post: Why Apple Energy Is A Wake-Up Call For Businesseslast_img read more

Guidetti makes Stoke loan switch

first_imgManchester City striker John Guidetti has joined Stoke on loan. Press Association City have confirmed the Sweden Under-21 international will spend the rest of the season at the Britannia Stadium. The highly-rated Guidetti, 21, joined City at the age of 16 but his progress at the club has been hampered by illness and injuries. center_img Guidetti has appeared twice on the City bench this season but the club feel he would benefit from having greater opportunities elsewhere. He is behind the likes of Sergio Aguero, Alvaro Negredo, Edin Dzeko and Stevan Jovetic at the Etihad Stadium. Guidetti spent time on loan at Burnley just over three years ago and also had a successful spell at Feyenoord in the 2011-12 season. A statement on City’s website confirmed the deal at Stoke would run until June 30. The deal was made possible after Stoke confirmed they had converted midfielder Stephen Ireland’s loan move from Aston Villa into a permanent deal. That freed up another loan space for Guidetti to move to the Britannia Stadium. The Potters have Liverpool’s Oussama Assaidi as their other permitted Premier League loanee. last_img read more

Paris, LA to host 2024 & 2028 Olympics in unique double allocation

first_imgBy Karolos GrohmannLIMA (Reuters) – Paris was awarded the 2024 summer Olympics and Los Angeles the 2028 Games yesterday, as the International Olympic Committee (IOC) broke with decades of tradition to vote on a unique double allocation.Paris, which has hosted two previous Olympics, will stage the event 100 years after its last Games in 1924 while Los Angeles will also organise its third Games after 1932 and 1984.IOC president Thomas Bach embraced both cities’ mayors on stage after a unanimous show of hands by IOC members ratified the awards.The announcement was celebrated in Paris with the unveiling of a giant set of interlaced rings, the symbol of the Games, in a heavy downpour on the Trocadero square with lights glittering on the Eiffel Tower in the background.“In the coming seven years we will prepare the Olympic Games with all our energy,” French President Emmanuel Macron, who had personally campaigned for the bid, said.“Together we must do everything in our power to ensure that Paris hosts a magnificent games in 2024.”The IOC decided in July to award both Games at the same time, following the withdrawal of four of the six cities bidding for the 2024 Olympics, amid concerns about the size, cost and complexity of organising the world’s biggest multi-sports event.Los Angeles then dropped its bid for the 2024 Olympics, for which it had been campaigning for over two years, in return for receiving the 2028 edition. This paved the way for Paris as the sole 2024 bidder to win the Games unopposed.MOMENTOUS DAY“This is a momentous day for the people of Los Angeles and the United States,” said LA mayor Eric Garcetti. “For the first time in a generation, we are bringing the Games back to the City of Angels.”Paris, with a Games budget of 6.8 billion euros (6.12 billion pounds), had failed with previous attempts to land the 1992, 2008 and 2012 Olympics.The LA Games have a budget of $5.3 billion and will essentially follow the plan they had in place for 2024, including housing athletes at the UCLA campus.Both Paris’ bid co-chair Tony Estanguet and LA bid chairman Casey Wasserman are to stay on and lead the host cities’ preparations, mayors Anne Hidalgo and Garcetti confirmed in a news conference after the announcement.It is the first time the IOC has awarded a Games 11 years in advance, as it traditionally gives the next Olympic host city seven years to prepare.The Olympic body, however, was eager to secure the future of its prime product after Boston, Budapest, Rome and Hamburg all pulled the plug on their 2024 bids mid-race.Bach said the unanimous IOC decision would secure the future of the Games and ensure successful Olympics.“It is hard to imagine something better. Ensuring the stability of the Olympic Games for the athletes of the world for the next 11 years is something extraordinary,” he said.Both the 2014 winter Games in Russia’s Sochi and the 2016 Rio de Janeiro Olympics were mired in controversy over corruption, embezzlement and doping allegations, dealing a major blow to the reputations of the event and the IOC.Tokyo, the host of the next summer Games in 2020, has also had to fend off allegations of corruption regarding the decision to award it the Games four years ago.last_img read more