Why Verizon Is Ramping Up Solar Investment

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Aug. 25 (Bloomberg) -- Verizon Chief Sustainability Officer James Gowen discusses the company’s move to solar power. He spaks on “In The Loop.” (Source: Bloomberg)

Jersey by the verizon chief sustainability officer.

Jim, thank you for joining us.

Talk to us first about your role at verizon.

It is an interesting title, one that i'm sure we will hear more and more in the coming years, but not everybody has a chief sustainability officer.

Thank you for having me on.

I am a big fan of the show.

I start every morning with the green report and then tom keene in the bowtie and right through "in the loop." i run the global supply chain and am the chief sustainability officer.

Marrying an operations role with making it is great as we can.

How does the solar energy station play into this?

Is it getting substantially cheaper?

Is it really that exciting because of the price?

And we look at green energy across the board we are in this to do what is the right thing for our customers.

Look at what we have done between 2013 2014 2014 with over $100 million investment and on-site green energy.

Solar is one big aspect of that.

We are more than doubling down this year.

When you look at where we are located on the eastern seaboard of the united states, superstorm sandy, the resiliency that is required, it makes the fuel-cell technology so important to our networks, the largest and fastest wireless network, as well as the firehouse network.

You mentioned fuel-cell technology.

How viable is that for everyday use?

I know that automotive is something a lot of people are looking forward to but it has not really gotten over the cusp yet.

On-site fuel-cell technology deployed last year, we are building on that right now, putting in five units, running 365 24 by seven, we see that very much and we monitor it through our network.

Delivering value for us all year long, both here and across the united states.

You are a stencil to getting off the grid with this.

How much of your power needs come from her nubile sources, solar and fuel-cell technology.

What we have done and are 2014 lan is focused on working parallel with the grid, making sure that we are building resiliency to the network.

It is not just about going green, it is about building redundancy, driving shareholder value, building the future here your business case changes from one of just a driving the bottom line since, backing up and creating the network to sustain a natural disaster.

Do you feel you are ahead of the pack here?

Are there other big companies going with you on this?


Green energy, regardless of your industry or what is going on, it is good for all.

From our chairman on down we have taken a powerful stance on sustainability, specifically green energy.

We feel we have been at the forefront for the last 24 months.

You mentioned it up front, top 10 in the united states after this year and we are proud to be number one in the telecommunications sector.

What is next after this deal?

Looking ahead five years, what is the plan for verizon as far as sustainability?

The most impressive thing we have seen here is the employee base.

We have over 15,000 volunteer green team members in 27 countries.

That has been the biggest shock and awe moment for me while taking over this responsibility.

I liken it active the product lifecycle.

We are in the immature state.

We have attention when it comes to green energy and sustainable solutions, and those are our answers that we are delivering to our comes -- customers everyday.

We will continue to deliver those answers.

Good to have an optimist on here with me.

Jim, thank you so much, and thanks for watching bloomberg tv.

Coming up, labor day is here.

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