Page 32 - Light Pole News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In tonight's building up america report, getting jobs by going green. a state that's been crippled by the recession building up the workforce again. officials are turning to alternative energy firms. they could ploy 500,000 people over the next decade. >> reporter: it sounds crazy. mark holmes, a successful corporate attorney took a chance on a new career during the depths of the u.s. financial crisis. >> october of 2008, perfect time to start a new business. >> that's right. no better time. >> what was going on? you had to be scared? >> we had that major financial meltdown, and everybody was ...

Casey has more on the winds of change blowing off the california coast. >> reporter: it sounds crazy. mark holmes, a successful corporate attorney, took a chance on a new career during the depths of the u.s. financial crisis. >> october of 2008. >> reporter: perfect time to start a new business. >> that's right. no better time. >> reporter: what was going on? you had to be scared. >> we had a major financial meltdown and everybody was in a panic. those were really dark days and so we figured what better time to start a company. >> reporter: green wave energy was born. this is green wave energy...

Way to build the fiberglass. >> they had tough times and significant reduction of workforce and with us starting up production, they will be able to bring back a lot more folks and hopefully several hundred folks. >> reporter: green wave recently made the light pole sale and discussing two contracts, one that could land off of haiti. this is taking a green company from scratch and using the resources of an old-school manufacturing company and is this unique or can other companies do this? >> absolutely not. this is a model if anything. bringing in green technology to basically those facilities...

And everybody in a panic and we thought, what better time to start a company. >> reporter: green wave energy was born. this is the first product, a light pole powered by the sun and the wind and operating completely off of the electric grid. what is unique is that you can see the wind turbine on there turning, and it is on a swivel so it can catch the wind from any direction and it has four solar panels to catch the sun no matter where it is in the sky. green wave is funded by 33 partners who have invested cash and $33 million in products and services. one partner's shipping yard serves a as l...

The marine industry. and they are absolutely perfect for developing renewable energy products because they build to a standard that essentially assumes that the worst is going to happen. >> reporter: a third partner, a struggling luxury yacht builder has found a better way to make the device using fiberglass. >> when you look at this fiberglass piece of material they've made. it's extremely thin, extremely strong, extremely light. better in every way. >> reporter: this yacht manufacturing company has gone through tough times during the recession. and your company's actually stepping in and hel...