Globe Telecom, Inc. announced its plan to install hybrid solar power systems at its cell sites following a successful pilot test on 26 sites. Globe deployed three solar units in the National Capital Region (NCR), 17 in South Luzon and six in Mindanao. These sites depended on diesel generators and can now be powered solely on renewable energy or a combination of the two, depending on how charged the battery is.
Joel R. Agustin, Senior Vice President for Network Planning & Engineering at Globe, stated that this implementation is a significant step forward in reducing the company's carbon footprint.
The company reported savings of PHP 6.9 million and a reduction of 67,000 kilowatt-hours in electricity consumption. Encouraged by these results, Globe intends to expand the use of hybrid solar power technology at its cell sites.
Globe’s Net-Zero Roadmap
By transitioning to renewables, Globe ensures a reliable power source. The company aims to decrease its greenhouse gas emissions by 50% by 2030 as part of its net-zero roadmap.
Globe is implementing sustainable backup power sources for cell towers, including hybrid power solutions comprising solar photovoltaic systems, traditional diesel generators, and battery storage. Initial results show a significant reduction in diesel genset runtime, leading to lower fuel consumption and carbon emissions. This solution will be progressively deployed nationwide to reduce reliance on fossil fuels and increase the use of renewable energy.
Globe has been deploying green network solutions since 2014, including cleaner fuel options, energy-efficient heat removal systems, and sodium nickel batteries at critical sites. These batteries offer longer lifespan and recyclability, contributing to reduced environmental impact.
Globe conducted a thorough baseline assessment and validation of greenhouse gas (GHG) emissions, expanding coverage beyond its core telecommunication operations. Scope 3 emissions, accounting for a significant portion of total GHG emissions, are being targeted for reduction through science-based targets.
Pioneering Sustainable Energy
Globe's sustainable efforts may positively influence its global shares by enhancing its reputation as an environmentally responsible company, attracting investors who prioritize sustainability. While there's no direct correlation between sustainable efforts and share prices, such initiatives can contribute to long-term shareholder value through enhanced brand loyalty, reduced operational costs, and improved access to capital. However, short-term fluctuations in share prices are influenced by various factors beyond sustainability efforts. As of Wednesday, Globe's shares closed at PHP 1,760 each on the local stock exchange.