Verizon Climate Resilience Prize Year 2: Advancing Innovation for Climate-Tech Solutions
March 07 2023 - 11:00AM
Today, Verizon announced that the Climate Resilience Prize, an
initiative focused on recognizing and propelling climate resilience
solutions, will continue for a second year in partnership with
GreenBiz and Resilient Cities Network, a global nonprofit focused
on knowledge, practice, partnerships, and funding to help cities
build safe, equitable, and sustainable futures for all citizens.
Applications for the Verizon Climate Resilience Prize open on March
7, 2023 for $500,000 in funding that will be awarded across four
entrepreneurs and/or start-ups that demonstrate proven climate-tech
solutions that are ready to scale and that focus on at-risk
communities. This initiative is part of Citizen Verizon, the
company’s responsible business plan for economic, environmental and
social advancement; which is underpinned by using leading-edge
technology to drive social impact and create lasting change across
communities.
“Verizon has a longstanding commitment to using innovation,
rooted in next-gen technology, to help mitigate the impact of
climate change on the most vulnerable communities,” said Rose
Stuckey Kirk, Chief Corporate Social Responsibility Officer for
Verizon. “With the second year of the Verizon Climate Resilience
Prize, our goal is to support entrepreneurs and start-ups in
expanding their innovative solutions to ensure everyone has an
equitable chance to thrive as the climate changes.”
Applications officially opened at the Aspen Ideas: Climate
Conference in Miami, Florida and will close on April 23, 2023. Four
winners will be announced at the VERGE annual conference in San
Jose, California this October. A judging panel consisting of
industry experts will select four prize winners based on newly
updated criteria this year, with each receiving a cash prize of
$125K and post-prize organizational development support:
- Resilience-based solutions that leverage 5G-enabled
technologies
- Focused on climate-related impacts to vulnerable populations in
U.S. communities
- The solution is ready to scale
The Verizon Climate Resilience Prize application is open to
innovators that have demonstrated results in a real-world
application, been active in the market and are ready to scale
their solution upon consideration. Interested participants can
apply now at www.greenbiz.com/verizon-prize.
“Verizon’s support, including next-gen tech through Year One of
the Climate Resilience Prize, has enabled us to further scale our
water-level sensor technology across the Great Lakes region,” says
Branko Kerkez, co-founder, HyFi. “Their guidance and counsel has
been invaluable as we work with community leaders, partners and
other organizations to build climate resilience in communities most
impacted by flooding in the Midwest, and beyond.”
The application opening for Verizon’s Climate Resilience Prize
follows the recent announcement of the final allocation of the
company’s fourth $1 billion green bond, the net proceeds of which
were fully allocated to virtual power purchase agreements (VPPAs).
Verizon is a leading corporate buyer of renewable energy in the
U.S., entering into 26 VPPAs totaling nearly 3.3 gigawatts (GW) of
renewable energy capacity. Verizon’s VPPA portfolio, funded by the
green bond program, puts the company on track to exceed its target
of generating or sourcing renewable energy equivalent to 50 percent
of its annual electricity consumption by 2025, and the company is
working towards a new target to source renewable energy equivalent
to 100 percent of its annual electricity usage annually by
2030.
To learn more about Verizon’s climate protection efforts, visit
CitizenVerizon.com.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on
June 30, 2000 and is one of the world’s leading providers of
technology and communications services. Headquartered in New York
City and with a presence around the world, Verizon generated
revenues of $136.8 billion in 2022. The company offers data, video
and voice services and solutions on its award-winning networks and
platforms, delivering on customers’ demand for mobility, reliable
network connectivity, security and control.
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Media contact:Bernadette
Brijlallbernadette.brijlall@verizon.com
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