11/10/2025 - St. Johnsbury, Vt. – A VEDA loan helps Weidmann Electrical Technology, Inc. expand their footprint and add dozens of high-paying jobs.

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Montpelier, Vt. – The act of turning on a light switch seems simple enough. You flip a switch, and a light bulb goes on. But Weidmann Electrical Technology, Inc. (WETI) plays a vital role in ensuring it happens without disrupting your day.

Since 1969, WETI has been a market leader in the production of high-voltage, cellulose-based electrical insulation across North and South America. Today, it produces insulation materials used in the vast majority of power transformers operating in the United States.

“In North America, every time a light switch is flipped, or a device is charged, over 99% of the time, the energy consumed has passed through a Weidmann insulated transformer, with the material made right here in Vermont,” said Carol Martin, Head of Corporate Accounting and VP of Finance at WETI. “This direct connection to everyday life, combined with our deep technical expertise and long-standing industry presence, makes Weidmann truly unique.”

As investment in electric grid modernization and renewable energy surges, especially through federal initiatives like the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), demand for WETI products continues to significantly grow.

So much so, the company is currently expanding its St. Johnsbury facility. VEDA is helping finance part of the $44,000,000 project which includes the installation of a third forming unit on Board Machine 2, expanded material handling capabilities, a 25,000-square-foot addition to the fabrication space, and construction of a new 10,000-squarefoot storage facility.

“VEDA’s role was pivotal in making this major investment, and its associated job creation and economic benefits, a reality for Vermont,” said Martin. “This investment will support increased production volumes and is expected to create 67 new jobs over the next five years.”

Achieving corporate approval to expand in St. Johnsbury required competitive financing and incentive packages that would make the project viable when compared to lower-cost regions of the United States.

“VEDA introduced us to state-level incentives and to the directors of the Vermont Economic Growth Incentive (VEGI) program. This support became instrumental in solidifying St. Johnsbury as the location for our expansion,” Martin said.

Thanks to the combined support of the incentives awarded by VEGI and New Market Tax Credit financing, WETI was able to secure global approval by Weidmann Holding AG for the St. Johnsbury expansion.

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