A newly launched subsidiary of BVFR & Associates, LLC, Phoenix Energy Alliance (PEA), a renewable energies financial solutions firm with offices in Lemoyne, PA and Baltimore, MD lands Atapco Properties as its first client. Atapco awarded a contract to PEA for its campus in Christiana, DE specifically, Bldg 121, to install a 100 kW photovoltaic (PV) solar array to offset its energy consumption costs.
Atapco Properties is a wholly owned subsidiary of American Trading and Production Corporation, which was originally formed in 1931 to consolidate, expand and diversify the business activities of the Blaustein family, the founders of the American Oil Company (AMOCO).
The company grew and expanded at a phenomenal rate. In 1954, American Oil merged with Standard Oil of Indiana, and American Trading and Production Corporation and the Blaustein family became major stockholders. (In 1985, Standard Oil of Indiana changed its name to AMOCO Corporation and in 1998 merged with British Petroleum to form BP Amoco, p.l.c.) PEAs Chairman, Jameson Lawrence, Esq. was elated to secure such a stalwart client in this nascent venture and opined that, with hard work and a big enough net, it is possible to catch the big fish.
Similarly, ATAPCOs Vice President of Asset Management, Maurice Dashiell stated, while the PEA is a newly formed entity, Dr. Lawrence and BVFRs 16-year expertise with government sponsored financing such as USDA, DOE, etc. bolstered our confidence and made working with them a wise decision. We are very pleased with the current progress of this initial project and are optimistic that there will be future collaborations with the Phoenix Energy Alliance.
