SAVESSM PLATFORM

CleanSource has designed and administers 5 programs under the SAVESSM platform in 4 states, representing $275M in subsidized funding supporting $632MM in project financing for over 134 projects. Examples include the AlabamaSAVESSM Participating Loan Program on behalf of the Alabama Department of Economic and Community Affairs and the VirginiaSAVESSM Green Community Program on behalf of the Virginia Department of Mines Minerals and Energy.

CleanSource has also designed and administers the Green Community Programs in South Carolina (SouthCarolinaSAVESSM), North Carolina (NorthCarolinaSAVESSM and the NC Ag Finance Authority) and Virginia (VirginiaSAVESSM) which have used $247MM in Qualified Energy Conservation Bond (“QECB”) and other private activity bond allocations for funding over $363MM in 24 Qualified Projects in these three states. With the elimination of QECB allocations in the 2017 Tax Cut and Jobs Act, CleanSource is transitioning these programs to work with “Green Bonds” in accordance with the Voluntary Green Bond Principles as published by the International Capital Markets Association and other funding allocations provided by federal, state and local authorities.

SAVES SM

Program Design & Administration

  • Designed to meet program sponsor's objectives
  • Marketing and origination
  • Project qualification and credit underwriting
  • Loan fulfillment, closing, and funding
  • Measurement, verification, and reporting of project performance
  • Stakeholder communication

Green Projects

  • Renewable energy generation and distributed generation
  • Energy efficiency in new and refurbished buildings
  • Waste recovery and recycling
  • Clean transportation and alternative fuels
  • Sustainable water and wastewater management
  • Eco-efficient and circular economy adapted products, production technologies and processes
  • Green buildings meeting regional, national, or international standards or certifications

SAVES SM

Sustainable And Verifiable
Energy Savings

  • CleanSource’s proprietary financing platform deployed in 8 programs across 5 states
  • Established origination, servicing, and credit underwriting standards
  • Energy underwriting protocols
  • Flexible credit and financial underwriting standards
  • Energy measurement and verification, contractor and auditor standards, and overall process management
AlabamaSAVES SM, NorthCarolinaSAVES SM, SouthCarolinSAVES SM, and VirginiaSAVES SM, SAVES SM, and Sustainable and Verifiable Energy Savings (SAVES SM) are servicemarks of CleanSource Capital, LLC.

© 2024 CleanSource Capital LLC, ALL RIGHTS RESERVED.

CleanSourceCapital.com (the “CSC Website”) is a website operated by CleanSource Capital, LLC, a privately held North Carolina LLC (“CSC”). CSC is not a registered broker dealer. CSC offers program design and administration services as well as other financial advisory and consulting services and support . Other services involving regulated securities are only offered by CSC team members who hold the appropriate securities licenses. Greg Montgomery Shannon Smith, Mike Soforic and Pilar Bennett (the “CSS Reps”) hold their securities licenses with CleanSource Securities, LLC, a licensed broker-dealer and member of FINRA/SIPC (“PS”), office of supervisory jurisdiction located at 1447 S Tryon Street, Suite 301 Charlotte, NC 28203. CSS and CSC are separate entities, and only certain securities brokered by CSS representatives are offered and sold through the CSS Reps. You can find more information about CSS and the CSS Reps through FINRA Broker Check at brokercheck.finra.org.

Greg Roti
Managing Director
Phone #: 847-224-4070
Email: groti@abundantpower.com

Gregory Roti joined CleanSource Capital in 2020 as a Managing Director where he helps to lead execution of the overall strategy. Mr. Roti brings 15 years of experience leading investment banking, investment management, structured lending, and asset aggregation strategies in the real estate, credit, and energy industries. Prior to joining CleanSource, Mr. Roti was Head of US Residential Real Estate Debt at Man Global Private Markets where he led a $2Bn strategy focused upon senior debt real estate investments for an international, institutional investor base. During his time at Man GPM, Mr. Roti redesigned all aspects of the residential real estate debt strategy to turnaround the investment platform and launch 3 new residential debt focused funds with up to $425MM of commitments. Prior to joining Man GPM in 2018, Mr. Roti spent six years at Wells Fargo Securities in the Structure Lending group where he was the lead banker responsible for the start-up and growth of the investor loan financing platform eventually growing exposure to $700mm sourcing $2Bn of investor loans. Prior to joining Wells Fargo, Mr. Roti spent six years at two boutique investment banks focused on capital raising efforts for alternative and conventional energy companies. Mr. Roti graduated from the Ross School of Business at the University of Michigan in 2005.

Greg Montgomery
Managing Director
Phone #: 704-271-9889
Email: gmontgomery@abundantpower.com

Greg currently serves as the Managing Director of CleanSource Capital, the specialty finance affiliate of the Abundant Power Group, based in Charlotte, NC. Greg has spent his 35 year career assisting privately-held business owners and entrepreneurs and their advisors in creating, growing, and capitalizing their businesses and monetizing the value in the same through devising and executing strategies in the capital markets. He has worked extensively with both financial parties, such as private equity groups, mezzanine lenders, senior lenders, and bond underwriters, as well as strategic parties, in executing transactions. For the past 15 years he has worked in the clean energy and environmental sustainability sectors, arranging capital formation strategies for financing of projects that generate sustainable energy and savings while reducing dependence on fossil fuels and the associated emissions to help mitigate climate change and conserving environmental resources.

In his current role as the Managing Director of CleanSource Capital, Greg is involved in both the design and administration of clean energy and environmental sustainability financing programs based on the CleanSource SAVES platform, and the advising and structuring of financings for clean energy and environmental sustainability projects and companies. SAVES programs operate in Alabama, South Carolina, North Carolina, Virginia and Maryland, and collectively have provided over $250 million in funding for over 150 projects and companies involved in energy efficiency, renewable energy, distributed generation, alternative fuels and water conservation. In addition, through his role at CleanSource Capital, Greg has been involved as a founder of and on-going adviser to Nacelle Solutions, which provides field gas and bio gas conditioning services to the natural gas industry, and SustainRNG, which is commercializing a low solids anaerobic digester technology for optimizing the bio gas production from agricultural waste streams.

Prior to joining Abundant Power as a Managing Partner, Greg was the Founder and Managing Director of MCF Advisors in Charlotte, NC, a boutique investment banking firm providing mergers and acquisitions advice and capital formation strategies to privately-held middle market businesses. Previously he was the Managing Director of the Royal Bank of Canada’s internal investment banking unit for its commercial banking operations based in Charlotte, and prior to that a co-founder and Managing Director of Capital Investment Partners, a private investment banking firm focused on small to middle market transactions in Raleigh, NC. Previously, Greg practiced corporate and securities law in Raleigh, NC and Baltimore, MD. He received a JD/MBA from Tulane University, a BA in Environmental Sciences from the University of Virginia, and most recently completed the first year long certificate course offered by Yale’s School of Forestry and Business Management on “Financing and Deploying Clean Energy”. Greg is a member of the North Carolina and Maryland State Bars and a registered representative with FINRA holding multiple securities licenses for both corporate and municipal transactions. He is a past member of the Board of Directors and ex-President for the Charlotte chapter of the Association for Corporate Growth, and a past- member of the Board of Managers for Camp Thunderbird which is affiliated with the Charlotte Greater Metropolitan YMCA. Greg and his wife reside in Gastonia, NC, where they are members of St. Mark’s Episcopal Church. In addition to being an avid hiker, boater, and fisherman, Greg actively practices yoga and is working on his 500 hour teacher certification to pass along this life-transforming practice to others.

LinkedIn: www.linkedin.com/pub/greg-montgomery/4/658/894

Bailey Sanders
Project Manager / Analyst
Email: bsanders@abundantpower.com

Bailey joined CleanSource via our parent company Abundant Power Group in 2016 and has since expanded her role to include project management of the SAVES Programs, including servicing and administration of the loans and Qualified Energy Conservation Bonds. Prior to joining the team, she worked in Historic Preservation and Community Planning, and received a degree in such from the College of Charleston.

Mike Soforic
Senior Associate
Phone #: 724-961-0691
Email: msoforic@abundantpower.com

Mike joined CleanSource Capital in 2023 as a Senior Associate, where he supports financing program design and administration, as well as the firm’s financial advisory services. Previously, he worked as a Corporate Development and M&A Associate at Red Ventures, where he evaluated and executed various M&A opportunities, venture investments, corporate divestitures, joint venture partnerships, and capital allocation decisions, in addition to supporting other corporate strategic initiatives. Prior to that, Mike served as an Investment Banking Analyst and Senior Associate within the PNC Debt Capital Markets group, where he supported the origination, marketing, structuring, and syndication of credit facilities, investment-grade bonds, high-yield bonds, private placements, and tax-exempt bonds. Mike received his BBA from Temple University.

Shannon Smith
Managing Director
Phone #: 704-271-9890
Email: ssmith@abundantpower.com

Shannon is passionate about technology in the built environment, mission driven businesses, and innovation and entrepreneurism.  After a career in investment banking and private equity, Shannon founded Abundant Power Group in 2009 to solve help provide a commercial solution to a planetary problem: Global Climate Change. Under Abundant Power Shannon is also the Founder and CEO of PointGuard Technologies, facility management software providing BMS analytics to commercial real estate owners; Abundant Power Group affiliate. He is the Co-Founder and Board Member of SustainRNG, a developer of renewable natural gas projects in the agricultural sector. Abundant’s affiliate, CleanSource Capital, where he is a Managing Director, provides specialty energy efficiency financing for retrofits in the built environment and renewable energy projects.

Shannon is a founding partner to President Obama’s Better Building Initiative, and on the advisory board of the ClearPath Foundation, which is dedicated to clear discussion of the facts around global climate change. Shannon is active in YPO’s Real Estate Roundtable and serves on the advisory Board of the Childress Klein Center for Real Estate at UNCC. He is active in Urban Land Institute, USGBC, CoreNet, and Realcomm among other real estate organizations.

Shannon serves as a Trustee on the Darden School of Business Administration at the University of Virginia. Shannon received his MBA in 1990 from the Darden School of Business Administration at the University of Virginia. Shannon holds a BA in Philosophy and Economics from Wheaton College.  He was a Rotary Scholar at the Universite De Lille in Lille, France in French language and History. 

Pilar Bennett
Senior Associate
Phone #: 704-271-9890
Email: pbennett@abundantpower.com

Pilar joined CleanSource Capital in 2023 as a Senior Associate where she assists with financing program design and administration and financial advisory services. Previously, she worked with the University of Virginia's Licensing and Ventures Group as a Seed Fund Associate where she conducted due diligence on potential investments. Prior to that, Pilar worked as a Global Supply Manager on Tesla's Raw Materials team. Before that, she was an Account Manager with CDP (formerly the Carbon Disclosure Project) where she worked with corporations seeking to measure and manage their environmental impact. She started her career as an Analyst at NewWorld Capital Group, where she worked on clean economy investments, focusing on research, investment due diligence, and fundraising. Pilar received her MBA from the University of Virginia's Darden School of Business and a BA in Ecology and Evolutionary Biology from Princeton University.