, Newburyport, MA

Local News

May 14, 2013

Business Briefs

PowerSecure International acquires Solais Lighting

MSolais Lighting, Inc., a manufacturer of specification-grade LED fixtures and lamps, recently announced its acquisition by PowerSecure International, Inc. (Nasdaq: POWR), a leading provider or utility and energy technologies to electric utilities and their industrial, institutional, and commercials customers.

From the perspective of Newburyport resident Stephen Johnson, Solais’ CTO based at the center, there were two unique qualities that played a significant role in this acquisition: Solais’ capability to contribute to product design enhancements and lowering product costs. Johnson noted that Solais has established relationships with national brand name merchandisers, such as Gap, Timberline and Lu Lu Lemon, which use Solais products as indoor lighting in their retail operations.

Taylor joins Institution for Savings

Nancy Taylor has been hired as a residential loan officer at the Institution for Savings, announced President and CEO Michael J. Jones. Taylor has a significant amount of experience in finance and lending. Most recently, she was a loan officer at the Newburyport Five Cents Savings Bank.

She received her bachelor’s degree from SUNY Cortland and her JD from Suffolk University Law School. She also graduated from the Massachusetts Banking School at Babson College. Active in the community, Taylor is co-founder and current president of the Triton Education Foundation, Inc., involved with the Town of Newbury Library Building Committee, volunteers at the Salvation Army and Our Neighbors’ Table and is a board member of the Howard Benevolent Society. She also holds a Mediation Certification from the Commonwealth of Massachusetts and is a volunteer mediator for the Essex County Court System.

Taylor lives in Newbury with her husband Worthen (Brownie), her two sons and her golden retriever Nellie. She will be working in the bank’s 2 Depot Square, Ipswich, office and can be reached directly at 978-225-6802 or

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