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$20 Million Spent in NJ for Verizon’s Green Energy Plan

12-17-13

Verizon implemented a $100 million plan to invest in solar and fuel cell technology for green energy and Verizon Chief Sustainability Officer James Gowen told NJTV News Managing Editor Mike Schneider that $20 million has gone into the center in Basking Ridge.

At the Basking Ridge office, fuel cells and solar panels have been deployed that generate more than two megawatts of green energy, Gowen said.

Gowen said that the panels will generate more than 66 percent of the power used in the office.

Locally in New Jersey, Verizon partnered with the Board of Public Utilities for the fuel cells and worked with incentive rebates for solar, according to Gowen.

Gowen said that at different points during the year, the solar panels have varying degrees of ability to generate power. He said that the state of New Jersey has been one of the best to install the solar panels.

“Here at Verizon, we drive shareholder value first. We look for opportunities to partner where we can and we try to bring powerful answers that generate solutions on site to Verizon and all of our customers,” Gowen said.


  • Cl1ffClav3n

    RenewableEnergyWorld:
    And the results are in. Watch the video here: http://newscenter.verizon.com/corporate/news-articles/2013/12-18-green-energy-in-basking-ridge/.

    Verizon spent $20 million for 2 MW of solar and 5 fuel cells ($10/watt installed) — Wow. And they installed it in New Jersey where it snows in the winter — brilliant. Watch the video at about minute 1:10 when Verizon’s Chief Sustainability Officer James Gowan tries to dodge the simple question from the newscaster, “And in terms of dollar savings, what does that mean to you? Watch his eyes dart to his left as he tries, like the Grinch, to think up a lie and think it up quick. Instead, he just repeats the cost figure of $20 million and dodges the savings question completely. Of course $10/watt is a hideously expensive fixed capital cost for power. And when the newscaster perceptively asks about the necessity of government incentives, Gowan has to admit the project would not have been feasible without the federal 30% tax credit and additional New Jersey subsidies. When the reporter asks him at minute 2:30 about how well the panels are working right now with the obvious snow and overcast out the window in the background, Gowan makes the incredibly silly statement that the panels “go 24 by 7″ and brags that they are going to put in solar panels in Massachusetts as well, which is “one of the best areas in the country.”

    Only die-hard solar enthusiasts who’ve never owned a business could fail to see this video as an admission of laughable folly. Verizon shareholders and customers should be angry at this waste of money, and that Gowan is publicizing on TV and the internet with an interview video.