Veeder-Root, a global fuel management and environmental systems technology provider, and NOV, a global manufacturer for the energy industry, partnered to provide a financing bundle for site operators to purchase complete forecourt site equipment.
“We're excited to bring together two industry leading providers of forecourt equipment to provide more accessible rates to site owners and operators who need to undergo tank replacement projects,” said Lindsay Neubecker, director of ATG and vapor product platforms for Veeder-Root. “Together, we're revolutionizing accessibility in the fuel handling industry and continuing our commitments to excellence by helping our customers thrive in today's dynamic fueling environment.”
The bundle provides 100% financing opportunities up to $350,000 with fixed payments. The program will offer two options: 4.9% for 60 months or 5.49% for 72 months, saving customers almost $60,000 in interest costs.
According to a company announcement, the tank replacement financing bundle program includes purchasing the following, among other eligible products:
- Fiber Glass Systems’ Containment Solutions Tank (NOV)
- Fiber Glass Systems’ Piping (NOV)
- TLS-450PLUS and TLS4 Series Automatic Tank Gauges (Veeder-Root)
- Red Jacket Submersible Turbine Pumps (Veeder-Root)
"We are thrilled to partner with Veeder-Root and provide this innovative financing solution to our customers," said Juan Carlos Marroquin, Senior Vice President of Sales and Marketing at NOV's Fiber Glass Systems business unit. "By merging the product portfolios of two industry leaders and offering unparalleled financing options, we can now offer operators an unbeatable value proposition. This collaboration truly removes barriers for those looking to upgrade their infrastructure."
Veeder-Root has also partnered with Skycharger to bring operators the EVerse Fully Hosted program, which will offer financing options for EV Charging infrastructure.
“Finding solutions that accelerate EV charging adoption for fuel retailers and fleets is a priority at Gilbarco Veeder-Root,” said Deepesh Nayanar, Gilbarco Veeder-Root's head of North America e-Mobility. We recognize that funding EV charging infrastructure remains a key hurdle to fuel retailers and are delighted to partner with Skycharger to bring a zero-cost opportunity to our customers while enabling high uptime through deployment of Gilbarco Veeder-Root’s EVerse EV charging managed service.”
The announcement notes, “Skycharger will deploy a white-labeled version of Gilbarco Veeder-Root’s EVerse EV charging managed service. By combining Gilbarco Veeder-Root’s innovative technology with Skycharger’s funding capability, this comprehensive model provides a solution for site hosts looking for a hassle-free option to install EV charging.”