Milwaukee entrepreneur Peter Grimes is opening his first southeast Wisconsin biofuel filling station in Cudahy next month, with hopes of opening more than half a dozen additional biofuel stations over the next two years.
Grimes, a managing partner of AUR Energy Partners LLC, Milwaukee, is overseeing the conversion of a former Shell station, 5080 S. Pennsylvania Ave., into a biofuel station called Good To Go that will begin selling biodiesel fuel in June. In the future, Grimes’ Good To Go station will offer E-85, a gasoline and ethanol mix that’s 85 percent ethanol, and plug-in bays where electric cars can recharge their batteries.
Grimes and a handful of partners have a second Good To Go alternative fuel station in Little Chute in the Fox Valley that sells E-85 and will sell biodiesel soon.
“The business climate for alternative fuels is growing, and we’re attracting more investors,” Grimes said.
But, he said capital markets are tight, preventing the company from opening additional Good To Go stations early in 2009. AUR Energy Partners has options to purchase two petroleum filling stations in Shorewood, but he doesn’t expect opening the Shorewood stations until 2010 at the earliest. ( Read More via Milwaukee Business Journal )