New Financial Service Platform from Amalgamated Bank, Almika Focuses on Residential Solar

Almika Renewable Finance, a renewable energy platform, is launching a new set of financial services that focuses on residential solar and energy storage markets with financial backing from Amalgamated Bank.

Almika offers customers who have installed solar and storage systems a single platform which integrates utility billing and clean energy financing. It also provides demand response capabilities. Its partnership will enable it to increase its platform offering in energy markets while simultaneously helping Amalgamated Bank achieve its net-zero targets for 2045.

“Almika and Amalgamated share the same goal of reducing greenhouse gas emissions,” says Priscilla Sims Brown, president and CEO of Amalgamated Bank. “By making a strategic investment in clean solar energy, Amalgamated will tap into a growing market and accelerate our efforts to mitigate climate change.”

“Almika’s technology with Amalgamated’s partnership delivers the best possible experience to our partners, customers and those considering renewable energy home improvements,” states Celestine Vettical, CEO and co-founder of Almika. “This not only adds to the full suite of service offerings in our platform but unlocks the true scalability and value that we aspire to deliver to the environment, our current grid structures, and the customers we serve.”