Velo Solar has formed a joint venture with Indigo Energy to offer Velo’s solar expertise to Indigo’s established distribution system for a range of energy products.
Indigo Energy, formed in 2000, is a national distribution network for petroleum and biofuels. In forming this partnership with Velo Solar, Indigo will diversify its energy offerings to include the fast-growing renewable resource of solar. The name of the new joint venture will be Indigo Solar.
John E. Mansfield, Jr., CEO of Indigo Energy, said Indigo’s customers have a strong interest in energy management and excellent potential locations for solar installations. The warehouses and retail outlets that Indigo serves require large amounts of energy to operate. By offering solar installation from Velo’s experts, Indigo can help these customers reduce their monthly operating overhead.
“This is where the future is headed and we want to be a part of it,” Mansfield said.
Velo offers solar installation, engineering and other energy management tools that commercial operations can use to reduce their electricity costs. Velo President Mark Bell said partnering with Indigo for marketing these services is a natural fit.
Solar in the News
Just this week, Audi announced that Audi Field, the new home for the D.C. United soccer team, is slated to have solar panels installed this fall. Solar energy company New Columbia Solar says the panels they plan to put on the canopy will provide roughly one million kilowatt hours of solar power annually, enough to offset nearly one third of the stadium’s projected electricity usage. The installation of 884 KW of building-integrated solar panels, along with other energy efficiency measures, should save the soccer team around $125,000 annually in utility bills, according to New Columbia Solar (NCS).
And earlier this month, High Hotels Ltd., a hotel developer and operator, announced it is installing a $1.5 million solar array that will generate 100% of the electrical power required to operate one of its existing hotels in Greenfield Corporate Center.
The completed installation will make the 133-room Courtyard by Marriott-Lancaster the first Marriott-branded hotel in the United States with 100% of its electricity needs generated from solar power. It is also believed to be the first solar array in the country installed for the sole purpose of generating 100% of the electricity needs of a hotel.