Velo Solar Teams Up with Indigo Energy for New Joint Venture
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.