Apple makes a massive investment in $ilver!
February 22, 2012
– Comments (10) |
RELATED TICKERS: EXK
, SLW
, CEF
Apple to Install Solar, Fuel Cell Systems at U.S. Data Center
Facilities Report
2012 Environmental Update
Apple and the Environment
...
"To meet the energy needs of the Maiden facility with high-percentage renewable energy mix, we have embarked on an industry-leading renewable energy program. Major leaps toward this goal are under way:
• Apple is building the nation’s largest end user–owned, onsite solar array on the land surrounding the data center. When completed, this 100-acre, 20-megawatt facility will supply 42 million kWh of clean, renewable energy annually.
• Apple is building a fuel cell installation that, when online later in 2012, will be the largest non-utility fuel cell installation operating anywhere in the country. This 5-megawatt facility, located directly adjacent to the data center, will be powered by 100 percent biogas, and provide more than 40 million kWh of 24x7 baseload renewable energy annually.
Apple is committed to pursuing energy-efficient growth by increasing our renewable energy participation to match the growing needs of our data center—through our own projects as well as partnerships with utilities and renewable energy providers."
Comment:
Large solar energy systems requires a significant amount of silver.
Apple has a lot of cash that it can spend on Steve Jobs' legacy - iWorld.
Implications:
A large amount of US dollars to be spent on acquiring enough silver to make this a reality in the near term.
With Sprott expanding his silver trust and with miners holding back some of their production for a better price (EXK) and of course the global currency debasement it seems that the recent rally in the silver price may carry it through resistance at $35.50 and potentially back over $40 in the not too distant future.
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