Mastercard Inc
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Information Technology : IT Services | Large Cap Growth
Company profile

Mastercard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. The Company provides a range of products and solutions that support payment products, which customers can offer to their cardholders. The Company's services facilitate transactions on its core network among account holders, merchants, financial institutions, businesses, governments and other organizations in markets globally. The Company's products include consumer credit, consumer debit, prepaid and commercial. It also provides integrated offerings such as cyber and intelligence products, information and analytics services, consulting, loyalty and reward programs and processing solutions.

Closing Price
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-0.32 (-0.08%)
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Apple to use Tesla battery packs for solar-energy storage facility: report

11:24 pm ET March 31, 2021 (MarketWatch)

By Mike Murphy

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) announced a renewable-energy storage project near its solar facility in Monterey County, south of San Jose, that will store about 240-magawatt hours of energy -- enough to power about 7,000 homes.

While the announcement did not mention Tesla, a Monterey County planning official confirmed to The Verge that Apple will use 85 Tesla (TSLA) lithium-ion "megapacks" for the project, which will help power Apple's headquarters in Cupertino, Calif.

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.

-Mike Murphy; 415-439-6400;


(END) Dow Jones Newswires

March 31, 2021 23:24 ET (03:24 GMT)

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