$260,000 for sustainable gas-and-convenience stores raised by Vermont Energy Company

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$260,000 for sustainable gas-and-convenience stores raised by Vermont Energy Company

Wed, 11/24/2010 - 4:56am -- tim

By Ryan Janson. The Vermont Energy Company has been providing heating, air conditioning, and plumbing products and services to homes and businesses since 1984.
According to a new SEC filing, Vermont Energy attracted a $260,000 seed investment in order to grow their environmentally conscious gas station and convenience store business.
The company currently operates a flagship store and four-pump gas station in Burlington. A company spokesperson said their goal is to become a leading supplier of alternative fuels in the long run, and stock their shelves with sustainable items in addition to other packaged goods.
The idea is to offer a friendly alternative to 7-eleven, Mobil, and other leading gas station and convenience stores. Hoovers research shows that the gas and convenience store industry in the United States reaches $200 billion in annual sales primarily selling gasoline.
The Vermont Energy Company, assuming it takes off, could become the choice brand for drivers looking for grease diesel or other clean and advanced fuels.
The company is now offering drivers of fuel-efficient cars a discount on regular gasoline. Under the name The Good Carma program, the discount is based on the miles-per-gallon ratings of customers’ vehicles. If these types of programs become available nationwide, they could potentially encourage customers to upgrade to more fuel-efficient electric vehicles.