Massachusetts Clean Energy Center

The Massachusetts Clean Energy Center (MassCEC) is a state agency established to promote the growth of the clean energy sector in Massachusetts. Founded in 2009 under the Green Jobs Act, MassCEC focuses on accelerating job creation and economic development within the clean energy industry. The organization provides early-stage investments to startups, offers renewable energy rebates for residents and businesses, and supports workforce development initiatives to prepare individuals for careers in clean energy. By leveraging the state's unique assets, MassCEC aims to facilitate the development of renewable energy projects and establish Massachusetts as a leader in the national and global clean energy landscape.

Stephen Pike

CEO

Emily Reichert

CEO

David Wilson

Senior Investment Associate

Past deals in Energy

Cala Systems

Seed Round in 2024
Cala Systems designs, manufactures, and sells the world's first intelligent heat pump water heater.

Active Surfaces

Grant in 2023
Active Surfaces is commercializing MIT-developed ultra-thin-film solar technology. The company seeks to revolutionize the conventional energy sector by making solar power widespread and seamlessly integrating it into everyday materials. Its innovative manufacturing approach significantly reduces production expenses, presenting a transformational opportunity for semiconductor and electronics manufacturing.

River Otter Renewables

Grant in 2023
River Otter Renewables is a recycling comany that produced biocrude oil from plant and waste as well as sewage and plastic waste.

BlocPower

Grant in 2023
BlocPower is an energy technology startup based in Los Angeles, California, focused on creating healthier, greener, and smarter buildings. Founded in 2014 in Brooklyn, New York, by Donnel Baird and Morris Cox, the company specializes in retrofitting urban buildings with advanced energy efficiency technologies and green heating and cooling systems. BlocPower identifies energy-wasting buildings and utilizes a proprietary machine learning platform to determine the most effective retrofits for maximizing energy savings. The company connects various stakeholders, including government agencies, utilities, building owners, and equipment providers, to facilitate these upgrades. With a mission to serve financially underserved communities, BlocPower has completed projects in nearly 1,000 buildings, helping customers save 20–40% on their annual energy bills. By leveraging data and innovative financing, BlocPower aims to reduce carbon emissions and improve health outcomes while addressing the climate crisis.

Cala Systems

Grant in 2023
Cala Systems designs, manufactures, and sells the world's first intelligent heat pump water heater.

Transaera

Seed Round in 2022
Transaera specializes in the development of energy-efficient cooling systems aimed at minimizing energy consumption and greenhouse gas emissions. The company employs an innovative desiccant material that effectively removes moisture from the air prior to the cooling process, enhancing indoor comfort. Its solutions are designed for both residential and commercial applications, providing affordable and environmentally friendly cooling options that improve indoor climate control. By reducing the energy demands typically associated with conventional air conditioning units, Transaera's technologies support greater productivity while also alleviating strain on local grid infrastructure and contributing to a more sustainable global climate.

PowerHouse

Grant in 2021
PowerHouse focuses on providing solar energy to fight against climate change through novel deployment solutions for renewables.

UMass Clean Energy Extension

Grant in 2021
UMass Clean Energy Extension provides a resource to reduce market barriers and accelerate the adoption of clean energy for Massachusetts cities and towns, businesses, institutions, farms, low-income and multiunit housing, and others.

Solstice

Venture Round in 2021
Solstice is a company focused on making renewable energy accessible to all Americans through community-shared solar power solutions. It provides turnkey customer solutions, subscriber aggregation, and management services for solar developers, utilities, and other providers of shared solar energy. Utilizing community organizing techniques and an innovative online marketplace, Solstice aggregates consumer demand to facilitate the deployment of solar projects, particularly for individuals who rent their homes or have unsuitable roofs for traditional solar installations. The company aims to promote energy equity by ensuring that every household, regardless of income level or credit history, can benefit from affordable renewable energy. Founded in 2016 and headquartered in Cambridge, Massachusetts, Solstice has received numerous awards for its contributions to clean energy and entrepreneurship, reflecting its commitment to transforming the solar landscape for diverse communities.

Transaera

Grant in 2020
Transaera specializes in the development of energy-efficient cooling systems aimed at minimizing energy consumption and greenhouse gas emissions. The company employs an innovative desiccant material that effectively removes moisture from the air prior to the cooling process, enhancing indoor comfort. Its solutions are designed for both residential and commercial applications, providing affordable and environmentally friendly cooling options that improve indoor climate control. By reducing the energy demands typically associated with conventional air conditioning units, Transaera's technologies support greater productivity while also alleviating strain on local grid infrastructure and contributing to a more sustainable global climate.

Cala Systems

Grant in 2020
Cala Systems designs, manufactures, and sells the world's first intelligent heat pump water heater.

Ithaca Clean Energy

Grant in 2020
Ithaca Clean Energy develops a renewable energy platform that leverages artificial intelligence-driven data analytics to enhance the efficiency of energy generation. The company's technology facilitates greater connectivity and interaction among stakeholders in the energy sector, including investors, developers, and operators. By providing insights and analytics, Ithaca aims to support these parties in making better-informed and optimized decisions regarding energy investments and operations.

Plug In America

Grant in 2020
Plug In America is a coalition of RAV4-EV drivers, former lessees of Honda EV+, GM EV1, Ford Ranger and Ford Th!nk City electric cars, and advocates of energy independence and clean air. Prior to 2008, we functioned as a loose network of individuals organized around various websites like dontcrush.com and saveEV1.com. We then coalesced into a chapter of the Electric Auto Association. On January 2, 2008, Plug In America became a separate California non-profit corporation. On August 18, 2008, we became an official 501(c)(3) public charity! Our Mission Plug In America drives change. We accelerate the shift to plug-in vehicles powered by clean, affordable, domestic electricity to reduce our nation's dependence on petroleum and improve the global environment.

PowerOptions

Grant in 2020
PowerOptions provides savings and predictability on energy costs to nonprofits and the public sector.

Enel Green Power

Grant in 2020
Enel Green Power is a global leader in renewable energy, focusing on the development and management of power plants that utilize a diverse array of resources, including wind, solar, hydroelectric, geothermal, and biomass. Established in December 2008 as part of the Enel Group, the company operates across Europe and the Americas, boasting an installed capacity of 64.7 GW and generating approximately 25 terawatt-hours of electricity annually. This production supports the energy needs of over 8 million households and contributes to significant reductions in carbon emissions, avoiding around 16 million tonnes of CO2 each year. Enel Green Power emphasizes sustainability and innovation while actively collaborating with local communities to promote socio-economic development. The company is committed to expanding its installed capacity and enhancing technological mixes tailored to local conditions, thus playing a crucial role in the global transition to sustainable energy.

Gridtwin

Grant in 2020
Gridtwin is a SaaS-based company providing software tools to both energy developers and utilities to streamline the interconnection process. Gridtwin was founded by researchers and graduates from the MIT Energy Initiative who were passionate about modernizing the electricity network and developing tools to facilitate that process. Gridtwin is based in Cambridge, Massachusetts.

Medley Thermal

Grant in 2020
Medley Thermal specializes in the development of software and systems designed to optimize the management of energy sources for steam supply. The company focuses on creating thermal electric systems that incorporate an electric boiler alongside existing boiler systems. By utilizing advanced dispatching software, Medley Thermal's solutions enable seamless fuel switching between boilers, ensuring an uninterrupted supply of steam. This approach not only helps industries reduce reliance on more expensive and emissions-intensive fuels but also facilitates a transition to cleaner steam energy, contributing to lower operational costs and enhanced environmental sustainability.

Verdox

Grant in 2020
Verdox is dedicated to reversing climate change through the development and deployment of advanced technology. The company’s proprietary electro-swing process, developed at MIT, enables carbon dioxide and other acid gases to be captured with up to 80% less energy and 70% less cost than conventional approaches.

Transaera

Grant in 2019
Transaera specializes in the development of energy-efficient cooling systems aimed at minimizing energy consumption and greenhouse gas emissions. The company employs an innovative desiccant material that effectively removes moisture from the air prior to the cooling process, enhancing indoor comfort. Its solutions are designed for both residential and commercial applications, providing affordable and environmentally friendly cooling options that improve indoor climate control. By reducing the energy demands typically associated with conventional air conditioning units, Transaera's technologies support greater productivity while also alleviating strain on local grid infrastructure and contributing to a more sustainable global climate.

Camberline Technologies

Grant in 2019
Camberline Technologies is a company that specializes in a sensor-driven platform designed to monitor electricity usage and promote energy conservation. The platform provides billing-ready data that integrates with existing billing systems, facilitating efficient energy management. By delivering actionable insights, Camberline encourages consumers to adopt more sustainable electricity usage habits, often through attractive incentives. This approach not only supports individual energy conservation efforts but also contributes to broader community sustainability goals.

Transaera

Grant in 2018
Transaera specializes in the development of energy-efficient cooling systems aimed at minimizing energy consumption and greenhouse gas emissions. The company employs an innovative desiccant material that effectively removes moisture from the air prior to the cooling process, enhancing indoor comfort. Its solutions are designed for both residential and commercial applications, providing affordable and environmentally friendly cooling options that improve indoor climate control. By reducing the energy demands typically associated with conventional air conditioning units, Transaera's technologies support greater productivity while also alleviating strain on local grid infrastructure and contributing to a more sustainable global climate.

Littoral Power Systems

Grant in 2018
Littoral Power Systems focuses on developing, manufacturing, and installing equipment for hydropower and renewable energy to tackle issues related to cost, environmental impact, and regulatory complexity in ocean energy. The company creates products made from recycled materials that can be utilized in both small-scale applications for constrained waterways and larger energy farms. This approach enables clients to efficiently harvest energy while minimizing costs and reducing environmental impacts.

Solstice

Convertible Note in 2018
Solstice is a company focused on making renewable energy accessible to all Americans through community-shared solar power solutions. It provides turnkey customer solutions, subscriber aggregation, and management services for solar developers, utilities, and other providers of shared solar energy. Utilizing community organizing techniques and an innovative online marketplace, Solstice aggregates consumer demand to facilitate the deployment of solar projects, particularly for individuals who rent their homes or have unsuitable roofs for traditional solar installations. The company aims to promote energy equity by ensuring that every household, regardless of income level or credit history, can benefit from affordable renewable energy. Founded in 2016 and headquartered in Cambridge, Massachusetts, Solstice has received numerous awards for its contributions to clean energy and entrepreneurship, reflecting its commitment to transforming the solar landscape for diverse communities.

Medley Thermal

Grant in 2018
Medley Thermal specializes in the development of software and systems designed to optimize the management of energy sources for steam supply. The company focuses on creating thermal electric systems that incorporate an electric boiler alongside existing boiler systems. By utilizing advanced dispatching software, Medley Thermal's solutions enable seamless fuel switching between boilers, ensuring an uninterrupted supply of steam. This approach not only helps industries reduce reliance on more expensive and emissions-intensive fuels but also facilitates a transition to cleaner steam energy, contributing to lower operational costs and enhanced environmental sustainability.

Community Clean Energy Project

Grant in 2018
The Community Clean Energy Project (CCEP) model involves consumers, utilities, community stakeholders, technology companies, funders, Federal/State energy programs, clean energy, and mobility organizations, and local government as partners committed to reliable, clean energy future.

Borrego Solar Systems

Grant in 2017
Borrego Solar is solving the world’s energy problems by accelerating the adoption of renewable energy. Their people are committed to excellence in every aspect of solar design, construction and operation.

Ameresco

Grant in 2017
Ameresco, Inc. provides energy efficiency solutions for facilities in North America. The company engages in the development, design, engineering, and installation of projects that reduce the energy, as well as operation and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Its set of services includes upgrades to a facility's energy infrastructure. Ameresco provides renewable energy products and services that include the construction of small-scale plants that produce electricity, gas, heat, or cooling from renewable sources of energy; the sale of such electricity, processed landfill gas, heat, or cooling from plants that it owns; and the sale and installation of solar energy products and systems for both on-grid and off-grid applications. It distributes solar energy products and systems, such as PV panels, solar regulators, solar charge controllers, inverters, solar-powered lighting systems, solar-powered water pumps, solar panel mounting hardware, and other system components. The company was founded in 2000 and is headquartered in Framingham, Massachusetts.

Solect Energy

Seed Round in 2017
Solect Energy, located in Hopkinton, Massachusetts, is a prominent player in the commercial-scale solar industry. The company focuses on providing solar energy solutions tailored for businesses, helping them harness renewable energy to reduce costs and enhance sustainability. Solect Energy is known for its expertise in designing, financing, and installing solar energy systems, making it a key partner for organizations looking to transition to solar power.

GE

Grant in 2017
General Electric Company (GE) is a diversified global infrastructure and financial services company, founded in 1892 and headquartered in Fairfield, Connecticut. GE operates across various segments, including power and water, oil and gas, energy management, aviation, healthcare, transportation, and appliances. The company provides a wide array of products and services, such as gas and steam turbines, nuclear reactors, medical imaging technologies, jet engines, and freight locomotives. GE is also a leader in the energy sector, offering innovative solutions that enable businesses and communities to generate reliable power. With a strong focus on the Industrial Internet, GE harnesses advanced analytics and software capabilities to optimize asset management and improve operational efficiency. This commitment to innovation is exemplified by its GE Software Center, which leads efforts to integrate machine data with analytics, fostering enhanced productivity and sustainability in various industries. Additionally, GE remains dedicated to addressing environmental challenges through its ecomagination initiative, which promotes the development of new technologies aimed at reducing the ecological footprint of its operations.

Massachusetts Municipal Wholesale Electric Company

Grant in 2017
Massachusetts Municipal Wholesale Electric Company provides electricity solutions along with resource & power supply planning services.

EnerNOC

Grant in 2017
EnerNoc's technology-enabled energy management solutions help meet the needs of utilities/grid operators that deliver energy and are responsible for maintaining the real-time balance between supply and demand.

Energy Futures Group

Grant in 2017
Energy Futures Group provides expert consulting services informed by national and international experience in the design and evaluation of energy efficiency.

SLIPS Technologies

Series B in 2017
SLIPS Technologies (slipstechnologies.com) is the leader in providing customized solutions for sticky problems in materials. We create highly-repellent slippery surfaces for customers in all industries including: energy, packaging, consumer, automotive and environmental. Our portfolio of pioneering and award-winning technologies and our years of know-how were created at the Wyss Institute for Biologically Inspired Engineering and the Harvard University School of Engineering and Applied Sciences.

Ivys Energy Solutions

Grant in 2017
Ivys Energy Solutions is a solutions provider delivering effective engineering services and products to the global energy, renewables.

MTPV

Grant in 2017
MTPV Power Corporation is a clean energy company that focuses on innovations in Micron-gap ThermalPhotoVoltaics technology (MTPV). MTPV technology began development at MIT and Draper Laboratory before moving to the labs of MTPV Power Corporation. It was founded in 2003 and headquartered in Austin, Texas.

Essess, Inc

Venture Round in 2015
Essess is a SaaS-based solutions provider which collects and analyzes building energy efficiency performance information on all individual buildings across large geographies, synthesizes the analysis into easy to understand metrics and scores, and automatically generates simple, “plain English” reports.

Harvest Power

Grant in 2015
Harvest Power is a waste management company focused on converting organic materials into renewable energy and high-value products such as soil, mulch, and organic fertilizers. By recycling discarded organic materials, Harvest helps communities generate environmentally friendly products that enhance local ecosystems. The company operates facilities across North America, including locations in British Columbia, Ontario, California, and various states in the Mid-Atlantic, Midwest, and Northeastern regions of the United States. Through its energy gardens and production capabilities, Harvest Power enables the sustainable recycling of energy and nutrients, fostering local consumption and contributing to environmental well-being.

SiEnergy Systems

Grant in 2015
SiEnergy Systems LLC is an early-stage company commercializing a novel thin film solid oxide fuel cell (SOFC) developed at Harvard University. The technology uses inexpensive silicon-based technology and nanometer scale electrolytes to create SOFCs that operate at a commercially desirable temperature and are scalable to meet various power requirements. Thin film SOFC is a promising technology that provides solutions to cost and reliability challenges of fuel cells today.

Building Envelope Materials

Grant in 2015
Building Envelope Materials is on a mission to develop quick inexpensive minimally disruptive methods to reduce the thermal energy use of existing buildings to zero. Their mission began in 2014 when they were awarded a grant by the Massachusetts Clean Energy Center (MassCEC) to develop a way to inject highly insulating closed cell polyurethane foam into "under-insulated" fiberglass filled wall cavities. Since then, they have further developed and refined their pinhole insulation technology through additional grants from the MassCEC, the US Department of Energy and CertainTeed/Saint Gobain. The results have been phenomenal. They can fill an entire wall cavity through one easily patched 1/2” hole and can insulate an entire house in just one day. In a typical 1950's era fiberglass insulated wall, their technology increases insulation values from R10 to R23 and has been demonstrated to reduce energy usage by 25% or more. They're currently expanding their pinhole insulation technology to cathedral ceilings, dormer roofs and flat roofs. THey're also developing safer alternatives to traditional spray foam for use in new construction, roof rafters and other open cavity applications. When fully deployed in all the cavities of a typical building, pinhole insulation will double or triple the energy savings of traditional weatherization technologies.

EverVest

Grant in 2015
EverVest specializes in providing financial risk analysis and cash flow modeling software tailored for renewable energy investors. Its web-based platform aids banks, investors, and developers in evaluating and structuring financing for new renewable energy assets. Additionally, the software offers enterprise risk management capabilities that assist portfolio managers in making informed decisions for sustainable growth in the renewable energy market. Through its innovative solutions, EverVest plays a vital role in enhancing the financial decision-making process within the renewable energy sector.

Essess, Inc

Series B in 2014
Essess is a SaaS-based solutions provider which collects and analyzes building energy efficiency performance information on all individual buildings across large geographies, synthesizes the analysis into easy to understand metrics and scores, and automatically generates simple, “plain English” reports.

SolarOne Solutions

Grant in 2014
SolarOne Solutions transforms the power of the sun into simple, effective, and reliable off-grid solutions that you can implement today and rely on for years to come. SolarOne® deploys Lighting and Harvester systems across the globe for a wide range of applications and customers that include major college campuses, government laboratories and municipalities. SolarOne® lights operate independent of the electric grid, relying on a solar panel for their power source. This ensures that they will remain lit, even during grid-connected power shortages. Additionally, their independent power source enables them to be sited flexibly and installed easily, without incurring the significant expenses of trenching and repaving. SolarOne Solutions offers SolarOne® overhead lights for pathways, sidewalks, parking lots, and bus shelters.

Co-op Power

Grant in 2013
Co-op Power is a multi-class, multi-racial movement for a sustainable and just energy future. It has created an innovative structure that enables communities to create community-owned clean energy products and services, businesses, and jobs. It is to research, design, capitalize, and launch their community-owned sustainable energy businesses.

Spruce Power

Grant in 2013
Spruce Power is a prominent owner and operator of distributed solar energy assets in the United States, focusing on making renewable energy accessible to homeowners. The company provides subscription-based services to approximately 75,000 home solar systems, allowing customers to benefit from solar energy without the need for upfront costs. Its primary revenue streams include selling electricity generated by these systems directly to homeowners, entering third-party contracts to sell solar renewable energy credits, and servicing agreements related to these solar energy systems. By simplifying the adoption of solar energy, Spruce Power plays a significant role in promoting sustainable energy solutions.

Vecarius

Grant in 2013
Vecarius is an energy efficiency in mass markets with broad societal impact, particularly in markets involving energy-intensive mobile or portable applications. They offer power management systems, thermal management systems, power electronics, advanced heat exchangers, and waste heat recovery.

7AC Technologies

Venture Round in 2012
7AC Technologies Inc. is a company based in Beverly, Massachusetts, specializing in the development of innovative HVAC solutions that utilize membrane-isolated plastic plate technology and liquid desiccants. This approach allows for the design of ultra-efficient HVAC systems tailored for commercial and industrial buildings, achieving over a 50% reduction in energy costs compared to traditional HVAC units. Originally founded in 2009 as 7Solar Technologies, Inc., the company rebranded to 7AC Technologies Inc. in September 2011. As of late 2020, it operates as a subsidiary of Emerson Electric Co.
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