Arpin Renewable Energy Mentors Brown University Students to Shape Future of Transportation IndustryDecember 13, 2011
Arpin Renewable Energy has formed a partnership with Brown University’s entrepreneurship program to expand the use of solar energy in the transportation industry. “I am very excited to be mentoring Brown University student entrepreneurs to shape the future of energy in the moving and transportation industry,” said Peter Arpin, president and CEO of Arpin Renewable Energy. “So far, their presentations on the subject of lowering costs and reducing our impact on the environment have demonstrated exceptional promise and I’m looking forward to seeing the students’ conclusions at the end of the semester.”
Three Brown students from this year’s Entrepreneurship I class (ENGN1930G) are working with their class mentor, Peter Arpin, to lower operating costs at Arpin Van Lines by applying green technologies which also will reduce the company’s impact on the environment. Arpin Renewable Energy is currently engaged in a project to retrofit a moving truck with solar technology. The Brown student team is also looking to increase revenues per truck by applying solar powered electronic advertising displays on a select number of trucks to help offset the costs of the solar retrofit. The student team is in the process of identifying appropriate technologies and developing a business plan for these applications.
To satisfy the requirements of the class, students must create a credible business plan based on the best solution that evolves from the mentor-posed problem. This business plan must take into account sales and marketing, patents, and opportunities to protect novel product features as well as a product requirements document. Students must present this plan to Peter Arpin at the end of the semester.
The Arpin entrepreneur team recently competed and placed in the finals of the RICIE 90-second elevator pitch competition. There were 58 individuals/teams in competition and nine finalists were chosen. Both the Arpin (Han Lee of GLS Mobile) and Hall (JCD Wind Energy) teams from Entrepreneurship I (ENGN1930G) finished in the top nine, winning $50 each.
About Renewable Energy:
Arpin Renewable Energy is a research and development company, which explores and produces green alternatives that can be applied to the moving industry. It is also responsible for the implementation and management of “Green Initiatives” across all Arpin Group subsidiaries to help reduce their carbon footprint. Learn more about these green initiatives at http://www.arpingroup.com/about/green_initiatives/