Clean Energy Ventures

Clean Energy Ventures is a Boston-based venture capital firm established in 2017 that focuses on early-stage investments in climate technology startups. The firm specializes in advanced energy innovations aimed at combating climate change, investing in areas such as energy storage, grid connectivity, renewable energy production, clean transportation, and the water/energy nexus. Clean Energy Ventures targets technologies and business model innovations in the U.S. and Canada that are poised for scaling and commercialization, with the potential to significantly reduce global greenhouse gas emissions. As a Registered Investment Adviser, the firm seeks to leverage market-driven forces to support the growth of disruptive clean energy technologies.

Micha Ben-Naim

Investor

John Bobrowich

Venture Partner

Nora Brownell

Venture Partner

Ben Chigier

Venture Partner

Yi Jean Chow

Principal

Yi-Jean Chow

Investment Principal

Matt Cohen

Principal

Ted Dillon

COO

James Ellis

Venture Partner

Dan Goldman

Co-Founder and Managing Director

Shanbor Gupta

Principal

Kedar Gupta

Venture Partner

John Harper

Venture Partner

Ariel Hyre

Analyst

Bengt Karlsson

Venture Partner

David S. Miller

Co-Founder and Managing Director

Dave Miller

Managing Partner

Willy Osborn

Venture Partner

Wynston Reed

Investor

Louis Schick

Director of Investments

Lou Schick

Director of Investments

Jeffery Weiss

Venture Partner

Amy Zhao

Investor

Past deals in CleanTech

Electrified Thermal Solutions

Venture Round in 2022
Electrified Thermal Solutions is a company focused on decarbonizing industrial processes by replacing fossil fuels with renewable heat. Founded in 2021 and based in Medford, Massachusetts, the company originated from research conducted at MIT's Department of Nuclear Science and Engineering. Its innovative approach involves developing energy storage technology that converts intermittent renewable electricity into constant heat using low-cost conductive ceramic blocks. This technology enables various industrial sectors to utilize zero-carbon heat, contributing to a significant reduction in energy consumption's carbon footprint. Through its efforts, Electrified Thermal Solutions aims to facilitate an energy revolution that promotes sustainability in industrial applications.

SparkMeter

Venture Round in 2022
SparkMeter, Inc. specializes in electricity metering systems tailored for rural and urban utilities in developing markets. Founded in 2012 and headquartered in Washington, D.C., with an additional office in Nairobi, Kenya, the company offers a range of products including smart meters designed for residential, commercial, and industrial applications. SparkMeter's solutions facilitate prepaid billing, enhance customer communications, and enable remote monitoring and control, thereby improving grid efficiency and asset performance. By integrating their metering technology with software solutions, SparkMeter enables microgrids and distribution utilities to optimize operations, providing reliable electricity access in underserved areas. This approach not only supports the expansion of electricity distribution but also fosters investments in renewable energy and energy efficiency.

Copper Labs

Series A in 2022
Copper Labs, Inc. is a company based in Boulder, Colorado, that specializes in developing Internet of Things products and services focused on energy monitoring. Founded in 2016, Copper Labs offers a wireless energy monitoring system that enables utilities to access real-time data from electric, gas, and water meters. By utilizing machine learning, the company's technology collects revenue-grade data to generate actionable insights and alerts. These insights help consumers manage their energy use more effectively, especially during peak periods, allowing them to reduce costs and save energy. With a focus on practical value, Copper Labs aims to enhance the engagement between utilities and consumers through its innovative solutions.

Nth Cycle

Series A in 2022
Nth Cycle is a start-up focused on transforming the electronics manufacturing supply chain through innovative low-cost recycling methods. The company aims to shift the industry from a linear material model to a more efficient circular model, thereby reducing dependence on overseas mining and refining of rare earth and specialty metals. By developing an electrochemical recycling device, Nth Cycle enables the reclamation of valuable metals from end-of-life electronic devices, creating a secure domestic source for these materials. This approach not only supports the manufacturing sector but also contributes to advancements in clean energy, addressing the growing demand for sustainable practices in the recycling and electronics industries.

ClearFlame Engines

Series A in 2021
ClearFlame Engines, Inc. specializes in developing and manufacturing engines for heavy-duty applications, focusing on decarbonizing these engines to mitigate the reliance on diesel fuel. The company has created a patented system that allows for the production of high-performance engines at reduced costs, benefiting various sectors including marine, agriculture, transportation, power generation, rail, and construction. Founded in 2016 and based in Woodridge, Illinois, ClearFlame aims to lower operating costs while offering substantial fuel savings to its clients, addressing environmental challenges associated with traditional diesel engines.

Leading Edge Equipment Technologies

Convertible Note in 2021
Leading Edge Equipment Technologies, Inc. manufactures and supplies manufacturing equipment to solar panel manufacturers. The company offers floating silicon method, which helps to reduce manufacturing cost of silicon wafers, increases commercial solar panel power, and reduces manufacturing emissions. Leading Edge Equipment Technologies, Inc. was formerly known as Leading Edge Crystal Technologies, Inc. and changed its name to Leading Edge Equipment Technologies, Inc. in May 2020. The company was founded in 2008 and is based in Wilmington, Massachusetts.

Nth Cycle

Venture Round in 2021
Nth Cycle is a start-up focused on transforming the electronics manufacturing supply chain through innovative low-cost recycling methods. The company aims to shift the industry from a linear material model to a more efficient circular model, thereby reducing dependence on overseas mining and refining of rare earth and specialty metals. By developing an electrochemical recycling device, Nth Cycle enables the reclamation of valuable metals from end-of-life electronic devices, creating a secure domestic source for these materials. This approach not only supports the manufacturing sector but also contributes to advancements in clean energy, addressing the growing demand for sustainable practices in the recycling and electronics industries.

Cleartrace

Series A in 2020
ClearTrace Technologies, Inc. is a software company that specializes in blockchain-based carbon accounting and automated energy solutions. Founded in 2017 and headquartered in Austin, Texas, ClearTrace offers a cloud-based platform that generates verifiable digital records of energy usage and tracks various aspects of energy supply, including financial power purchase agreements and demand response activities. The platform aims to provide transparency and accuracy in energy emissions data, enabling clients such as renewable energy suppliers, corporations, and real estate owners to substantiate their claims of carbon reductions and sustainability. By facilitating compliance and reporting within the energy supply chain, ClearTrace helps prevent greenwashing and supports corporate decarbonization efforts.
Leading Edge Equipment Technologies, Inc. manufactures and supplies manufacturing equipment to solar panel manufacturers. The company offers floating silicon method, which helps to reduce manufacturing cost of silicon wafers, increases commercial solar panel power, and reduces manufacturing emissions. Leading Edge Equipment Technologies, Inc. was formerly known as Leading Edge Crystal Technologies, Inc. and changed its name to Leading Edge Equipment Technologies, Inc. in May 2020. The company was founded in 2008 and is based in Wilmington, Massachusetts.

SunDensity

Seed Round in 2020
SunDensity Inc. specializes in the research, design, and development of Photonic Smart Coating technology, specifically its patent-pending PSC™. This innovative technology facilitates the up and down conversion of light wavelengths, addressing inefficiencies in photonics. The company's products aim to enhance the efficiency of solar photovoltaics, thereby reducing electricity generation costs. In addition, SunDensity's technology allows for the customization of thermal and optical properties in architectural glass and increases the quantum efficiency of optoelectronic instruments. Founded in 2016, SunDensity is headquartered in Boston, Massachusetts, with an additional office in Rochester, New York.

SparkMeter

Series A in 2020
SparkMeter, Inc. specializes in electricity metering systems tailored for rural and urban utilities in developing markets. Founded in 2012 and headquartered in Washington, D.C., with an additional office in Nairobi, Kenya, the company offers a range of products including smart meters designed for residential, commercial, and industrial applications. SparkMeter's solutions facilitate prepaid billing, enhance customer communications, and enable remote monitoring and control, thereby improving grid efficiency and asset performance. By integrating their metering technology with software solutions, SparkMeter enables microgrids and distribution utilities to optimize operations, providing reliable electricity access in underserved areas. This approach not only supports the expansion of electricity distribution but also fosters investments in renewable energy and energy efficiency.

ClearFlame Engines

Seed Round in 2020
ClearFlame Engines, Inc. specializes in developing and manufacturing engines for heavy-duty applications, focusing on decarbonizing these engines to mitigate the reliance on diesel fuel. The company has created a patented system that allows for the production of high-performance engines at reduced costs, benefiting various sectors including marine, agriculture, transportation, power generation, rail, and construction. Founded in 2016 and based in Woodridge, Illinois, ClearFlame aims to lower operating costs while offering substantial fuel savings to its clients, addressing environmental challenges associated with traditional diesel engines.

Leading Edge Equipment Technologies

Convertible Note in 2020
Leading Edge Equipment Technologies, Inc. manufactures and supplies manufacturing equipment to solar panel manufacturers. The company offers floating silicon method, which helps to reduce manufacturing cost of silicon wafers, increases commercial solar panel power, and reduces manufacturing emissions. Leading Edge Equipment Technologies, Inc. was formerly known as Leading Edge Crystal Technologies, Inc. and changed its name to Leading Edge Equipment Technologies, Inc. in May 2020. The company was founded in 2008 and is based in Wilmington, Massachusetts.

ConnectDER

Series B in 2020
ConnectDER LLC specializes in designing and manufacturing solutions that facilitate the connection of grid-ready distributed energy resources, particularly solar photovoltaic systems. The company creates a connection point that installs between residential electric meters and meter sockets, enhancing the integration of renewable energy. Additionally, ConnectDER offers a cloud-based platform that allows fleet operators to access metering and operational data, as well as manage the commissioning and decommissioning of ConnectDER units, including firmware updates. Founded in 2011 and based in Philadelphia, Pennsylvania, ConnectDER was previously known as Infinite Invention LLC before rebranding in 2015. The company aims to provide effective solutions to complex challenges in the power and water sectors.

Rebound Technologies

Series A in 2020
Rebound Technologies, Inc. manufactures and supplies embedded thermal energy storage systems for commercial freezer environments and off-grid cooling environments. It offers IcePoint, a low temperature refrigeration cooling equipment for supermarkets; and SunChill, an off-grid refrigeration solution that enables increased agricultural productivity by removing field heat from crops immediately following harvest, and provides continued product cooling at local markets and central processing facilities. The company’s products are used by retail stores and farmers in the United States. Rebound Technologies, Inc. was founded in 2012 and is headquartered in Commerce City, Colorado.

ConnectDER

Series B in 2019
ConnectDER LLC specializes in designing and manufacturing solutions that facilitate the connection of grid-ready distributed energy resources, particularly solar photovoltaic systems. The company creates a connection point that installs between residential electric meters and meter sockets, enhancing the integration of renewable energy. Additionally, ConnectDER offers a cloud-based platform that allows fleet operators to access metering and operational data, as well as manage the commissioning and decommissioning of ConnectDER units, including firmware updates. Founded in 2011 and based in Philadelphia, Pennsylvania, ConnectDER was previously known as Infinite Invention LLC before rebranding in 2015. The company aims to provide effective solutions to complex challenges in the power and water sectors.

Rebound Technologies

Series A in 2019
Rebound Technologies, Inc. manufactures and supplies embedded thermal energy storage systems for commercial freezer environments and off-grid cooling environments. It offers IcePoint, a low temperature refrigeration cooling equipment for supermarkets; and SunChill, an off-grid refrigeration solution that enables increased agricultural productivity by removing field heat from crops immediately following harvest, and provides continued product cooling at local markets and central processing facilities. The company’s products are used by retail stores and farmers in the United States. Rebound Technologies, Inc. was founded in 2012 and is headquartered in Commerce City, Colorado.
Leading Edge Equipment Technologies, Inc. manufactures and supplies manufacturing equipment to solar panel manufacturers. The company offers floating silicon method, which helps to reduce manufacturing cost of silicon wafers, increases commercial solar panel power, and reduces manufacturing emissions. Leading Edge Equipment Technologies, Inc. was formerly known as Leading Edge Crystal Technologies, Inc. and changed its name to Leading Edge Equipment Technologies, Inc. in May 2020. The company was founded in 2008 and is based in Wilmington, Massachusetts.

SparkMeter

Series A in 2019
SparkMeter, Inc. specializes in electricity metering systems tailored for rural and urban utilities in developing markets. Founded in 2012 and headquartered in Washington, D.C., with an additional office in Nairobi, Kenya, the company offers a range of products including smart meters designed for residential, commercial, and industrial applications. SparkMeter's solutions facilitate prepaid billing, enhance customer communications, and enable remote monitoring and control, thereby improving grid efficiency and asset performance. By integrating their metering technology with software solutions, SparkMeter enables microgrids and distribution utilities to optimize operations, providing reliable electricity access in underserved areas. This approach not only supports the expansion of electricity distribution but also fosters investments in renewable energy and energy efficiency.

Leading Edge Equipment Technologies

Convertible Note in 2018
Leading Edge Equipment Technologies, Inc. manufactures and supplies manufacturing equipment to solar panel manufacturers. The company offers floating silicon method, which helps to reduce manufacturing cost of silicon wafers, increases commercial solar panel power, and reduces manufacturing emissions. Leading Edge Equipment Technologies, Inc. was formerly known as Leading Edge Crystal Technologies, Inc. and changed its name to Leading Edge Equipment Technologies, Inc. in May 2020. The company was founded in 2008 and is based in Wilmington, Massachusetts.

SparkMeter

Seed Round in 2018
SparkMeter, Inc. specializes in electricity metering systems tailored for rural and urban utilities in developing markets. Founded in 2012 and headquartered in Washington, D.C., with an additional office in Nairobi, Kenya, the company offers a range of products including smart meters designed for residential, commercial, and industrial applications. SparkMeter's solutions facilitate prepaid billing, enhance customer communications, and enable remote monitoring and control, thereby improving grid efficiency and asset performance. By integrating their metering technology with software solutions, SparkMeter enables microgrids and distribution utilities to optimize operations, providing reliable electricity access in underserved areas. This approach not only supports the expansion of electricity distribution but also fosters investments in renewable energy and energy efficiency.
Leading Edge Equipment Technologies, Inc. manufactures and supplies manufacturing equipment to solar panel manufacturers. The company offers floating silicon method, which helps to reduce manufacturing cost of silicon wafers, increases commercial solar panel power, and reduces manufacturing emissions. Leading Edge Equipment Technologies, Inc. was formerly known as Leading Edge Crystal Technologies, Inc. and changed its name to Leading Edge Equipment Technologies, Inc. in May 2020. The company was founded in 2008 and is based in Wilmington, Massachusetts.
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