Now that were in the apartment our Electricity is chosen by thwe office and split between everyone. I must say its been a lot cheaper that getting a company on our own. Which is a BLESSING. I thought you might be looking for a new Electricity Company and I wanted to share that acccording to StockApps.com, Samsung uses 25 million megawatt-hours (MWh) of electricity.
StockApps Financial expert Edith Reads says, “The technology sector is one of the most electricity-intensive sectors. The high electricity consumption of tech companies is because they have data centers which require a lot of power to run.”
Reads also notes that “Samsung’s high electricity consumption is not surprising given its size and scale. The company has a wide range of businesses, including semiconductors, consumer electronics, and telecommunications.”
High Electricity Usage
Samsung’s consumption is more than double the amount of electricity used by its closest rival, Taiwan Semiconductor Manufacturing Company (TSMC) which comes in at second place with 16MWh. In third place is Alphabet (15MWh), followed by Microsoft (12.9MWh) in fourth, Intel (9.6MWh) in fifth, Meta (9.4MWh) in sixth and Apple (2.8MWh) in seventh.
Microsoft, Meta and Apple’s combined electricity consumption is still less than Samsung’s single-handed consumption. This is despite Meta and Apple being in the top 10 list of the world’s most valuable brands.
Switch to Renewable Energy Sources
Samsung is committed to mitigating the threats of climate change through comprehensive measures that include reducing emissions, adopting new sustainability practices and developing innovative technologies and products that are better for our planet. However, it still has a long way to go to meet its goals.
The company said that while it plans to use only renewable electricity at its home by 2027, doing it would be more challenging. It acknowledged that renewable energy supplies in South Korea “have begun to expand but remain limited.”
Some of Samsung’s investors, including APG Dutch pension fund manager, said the company’s plan could make a big difference in cleaning up South Korea’s electricity market. The full story and statistics can be found here: Samsung’s Yearly Electricity Consumption at 25M Mwh Beats That of Microsoft, Meta and Apple Combined.
Thank you,
Glenda, Charlie and David Cates
