Wednesday, May 15, 2013

Verizon invests $100 million on solar energy project

     One of the largest telecommunication company, Verizon, has planned to invest $100 million of solar energy panels and fuel cells all across the rooftops of 19 different location nationwide. Two companies had joint hands alongside with Verizon, Clearedge power supplying the fuel cells and Sunpower for the the solar panels. The amount of energy produced from the project will be around 70 million kWh of electricity, enough to power about 6,000 homes in a year.
     Verizon had been part of the clean energy circle for quite some time, using small amounts of investments towards solar and fuel cell technology, but this project will carry on the company's largest commitment on going green, just as how Google had been making environmentally profound choices in all aspects of business.
     One of the locations that Verizon had chosen for the project to take place is the rooftops of a data center in New Jersey, as well as on the ground level near the data center. The investments from the project is expected to be returned in a period of 10 years.
     The deployment of solar panels and cell fuels had come to a growing trend for large telecommunications and network companies in the US. For example, Apple has planned on building it's own solar and fuel cell farms in North Carolina as well as Google recently working with Duke energy investing in a total of $1 billion in clean power.
   

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