Charlotte, NC — Abundant Power Solutions announced further momentum in their commercial energy efficiency financing programs with the closing of a $1.4 million loan for The Westervelt Company in Tuscaloosa, Alabama to save energy and increase sustainability while providing work for contractors installing the energy-efficiency improvements.
The loan is the latest financing approved through AlabamaSAVES, a program designed and administered by Abundant Power through the Alabama Department of Economic and Community Affairs (ADECA) to help businesses install energy-saving upgrades, reduce operating expenses and boost employment. Abundant Power worked with ADECA to establish AlabamaSAVES with funds made available to the state by the U.S. Department of Energy’s State Energy Program, and then structured credit enhancements to attract outside capital and increase the reach the program. Wells Fargo provided funding for the loan through the Birmingham, Alabama office.
Westervelt will


North Carolina is leading the Southeast in the clean energy economy and our state's valuable sustainable energy businesses, local community leaders and organizations, educational institutions, and others are ready and eager to start new projects to make us a national leader. Below are just a few of the recent major announcements and innovations from across our state.
Chatham Olive is VP of Business Development & Community Relations for Argand Energy Solutions. He is a longtime NCSEA member and a well-known advocate for clean energy who often rides the roads of NC on his motorcycle or in his car licensed, Solarup!