Posted: 12:00 a.m. Sunday, June 9, 2013
Hightowers Petroleum Co.
What: Fuel distributor
Headquarters: 3577 Commerce Dr., Middletown (Warren County)
President and CEO: Stephen Hightower
Total 2012 revenues: more than $300 million
Update on Hightower’s latest venture
Stephen Hightower owns three Middletown-based businesses, fuel distributor Hightowers Petroleum Co.; commercial contractor Hi-Mark Construction Group; and the newest one, energy efficiency business HP Energy Co. LLC.
HP Energy does projects to help customers lower their energy efficiency costs and also provides the financing to help pay for the energy efficiency upgrade. In an interview with this newspaper, Hightower said HP Energy is the right thing to do.
“This is the new green job era,” Hightower said. “For once we feel like we’re in front of the curve instead of getting the spoils after everyone has saturated the market.”
HP Energy may be the newest company, but “it has a tremendous upside potential because today you find the technologies are more efficient and cost a lot less than they did even three to five years ago,” he said.
“I’m actually taking carbon away and out of the atmosphere on HP Energy side, and so whereas we made a great living in an area in which was less conservative relative to conservation, we are now doing strictly conservation” with HP Energy.