Apple Inc. will use Tesla Inc. battery packs to store energy from a solar farm in Northern California, according to a report by The Verge on Wednesday night.
Earlier in the day, Apple AAPL,
While the announcement did not mention Tesla, a Monterey County planning official confirmed to The Verge that Apple will use 85 Tesla TSLA,
In a statement, Apple said the “California Flats” project will be “one of the largest battery projects in the country,” and will support its solar farm that generates 130-megawatt hours and supplies all of Apple’s renewable energy in California. The project will store excess energy generated during the day, and distribute it as needed.
Last July, Apple pledged to be 100% carbon neutral by 2030.
Apple added Wednesday that more than 110 of its manufacturing partners around the world are moving to 100% renewable energy for production.
“We are firmly committed to helping our suppliers become carbon neutral by 2030 and are thrilled that companies who’ve joined us span industries and countries around the world,” Lisa Jackson, Apple’s vice president for Environment, Policy, and Social Initiatives said in the statement.
Tax Guy: The child and dependent care tax credit is more lucrative than ever — but there’s one important caveat
The $1.9-trillion stimulus package known as the American Rescue Plan Act (ARPA) includes major changes to the longstanding federal-income-tax child and dependent care credit (CDCC). Unless you are in the high-income category, the changes are favorable. There’s a catch: the changes are temporary. Here’s what you need to know, after first covering some necessary background […]