Clean Energy Ventures

Clean Energy Ventures is a venture capital firm focused on seed and early-stage investments in climate technology and advanced energy innovations. The firm targets technologies and business model innovations that address climate change and greenhouse gas emissions, with emphasis on energy storage, grid connectivity, renewable energy production, clean transportation, and the water-energy nexus. It seeks scalable solutions ready for commercial deployment and supports them with capital and guidance to accelerate growth. Headquartered in Boston, Massachusetts, Clean Energy Ventures is the venture capital arm of Clean Energy Venture Group and concentrates its activity in the United States and Canada, drawing on the group’s network and operational experience to help portfolio companies scale.

Anne Andrew JD

Partner

John Bobrowich

Venture Partner

Ben Chigier

Venture Partner

Yi-Jean Chow

Investment Principal

Yi Jean Chow

Principal

Past deals in Energy

Electrified Thermal Solutions

Venture Round in 2024
Electrified Thermal Solutions, founded in 2021 and based in Medford, Massachusetts, develops innovative energy storage technology. The company converts intermittent renewable electricity into constant heat using low-cost conductive ceramic blocks, enabling industrial sectors to replace fossil fuels with zero-carbon heat.

Transaera

Seed Round in 2024
Transaera is a company focused on developing advanced air conditioning solutions that prioritize energy efficiency and environmental sustainability. By utilizing a novel desiccant material, Transaera's cooling systems effectively remove moisture from the air prior to the cooling process, significantly reducing energy consumption and greenhouse gas emissions. These innovative systems are designed for both residential and commercial applications, providing affordable and environmentally friendly cooling options that enhance indoor comfort while minimizing the impact on global climate and local grid infrastructure. Through its technology, Transaera aims to improve productivity and comfort in indoor environments while contributing to a more sustainable future.

PeakSyncer

Seed Round in 2024
PeakSyncer, a subsidiary of Zhong Xi Group, LLC, specializes in an AI-powered cloud platform designed to optimize energy management for utility companies. The platform leverages artificial intelligence to automate and streamline demand response programs, reducing peak energy loads. It offers real-time reporting, seamless data tracking, and integration with existing infrastructure, ensuring smooth implementation. PeakSyncer also facilitates compliance with regulatory requirements and supports sustainable energy ecosystems by engaging customers in demand response initiatives. The platform is scalable, continuously learning from past syncs to improve accuracy and efficiency, and offers 24/7 monitoring and dedicated support.

Ndustrial

Series B in 2024
Ndustrial provides analytical engines that enhance businesses' production control, improve energy efficiency, and minimize waste. Primarily serving mid-tier manufacturers, they integrate legacy data, streamline Industrial IoT deployments, and host predictive control algorithms to optimize operations globally.

Evari

Seed Round in 2024
Evari is a clean-tech firm developing next-generation tiny, oil-free turbocompressors for heating and cooling applications to help with the global energy transition and expedite the decarbonization of various industries.

Cala Systems

Seed Round in 2024
Altus Thermal, founded in 2019 and based in Boston, Massachusetts, focuses on transforming thermal energy solutions for residential settings. The company aims to enhance efficiency, comfort, and user experience while providing benefits to the electrical grid. Altus Thermal develops energy technology designed to electrify residential heating, cooling, and hot water systems. By maximizing performance and facilitating better integration with renewable energy sources and other distributed energy resources, the company enables homeowners to electrify their living spaces in an efficient and cost-effective manner.

QEA Tech

Seed Round in 2023
QEA Tech is a software company that combines AI, drone technology, and thermal imaging to provide insights into the building envelope. They process thousands of images using its proprietary software, transforming each pixel into a comprehensive 3D model of the building for quantifiable data and insights. Using 10,000+ high-resolution drone images, proprietary QEA Tech software converts each pixel into quantifiable data and a comprehensive 3D model before uploading each image to the cloud-based dashboard for 24/7 access. The QEA System identifies where and how much energy is being wasted in a building's envelope, allowing you to prioritize repairs and calculate payback and ROI. The QEA Solution calculates Negawatt (NKwh), which quantifies energy gushers (heat and cool air escaping) through the walls, windows, doors, and roof of the building.

Electrified Thermal Solutions

Venture Round in 2022
Electrified Thermal Solutions, founded in 2021 and based in Medford, Massachusetts, develops innovative energy storage technology. The company converts intermittent renewable electricity into constant heat using low-cost conductive ceramic blocks, enabling industrial sectors to replace fossil fuels with zero-carbon heat.

REsurety

Series B in 2021
REsurety, Inc. is a risk transfer intermediary focused on enhancing the profitability of wind power projects through innovative risk management solutions. Founded in 2012 and based in Boston, Massachusetts, the company specializes in providing data, analytics, and related services that help clients evaluate, quantify, and optimize the value of wind volume hedging. By streamlining the process of risk transfer, REsurety supports wind project developers, owners, and financial underwriters in effectively managing the inherent risks associated with renewable energy investments. The company's technology integrates physical science, big data, and financial engineering, enabling clients to make informed decisions that maximize the resilience and sustainability of clean energy projects.

Energetic Capital

Series A in 2021
Energetic Insurance, Inc. is an InsurTech company based in Boston, Massachusetts, founded in 2016. It specializes in providing solar insurance solutions that address credit and counterparty risks associated with commercial and industrial solar photovoltaic projects. The company offers a product called EneRate, which protects third-party solar developers and asset owners from repayment risks and revenue losses due to defaults on power purchase agreements (PPAs). Energetic Insurance employs a data-driven approach as a Managing General Underwriter, developing innovative risk management products that facilitate solar financing for unrated or below investment grade organizations. This enables solar project developers to undertake more projects and access capital by mitigating payment default risks, thereby enhancing project economics through lower interest rates and improved financial structuring.

Ndustrial

Series A in 2021
Ndustrial provides analytical engines that enhance businesses' production control, improve energy efficiency, and minimize waste. Primarily serving mid-tier manufacturers, they integrate legacy data, streamline Industrial IoT deployments, and host predictive control algorithms to optimize operations globally.

ClearTrace

Series A in 2020
ClearTrace is a software company that provides automated energy and carbon accounting via a blockchain-enabled cloud platform. Its SaaS solution creates verifiable digital records of energy usage and tracks third-party energy supply, financial power purchase agreements, demand response, and behind-the-meter energy assets, supporting reporting, auditing, and compliance across the energy supply chain. The company serves renewable energy suppliers, corporations, and commercial real estate owners, helping to establish a single source of truth for decarbonization claims and reduce greenwashing. Founded in 2017 and based in Austin, Texas, ClearTrace develops digital infrastructure and immutable data representations to measure and verify real-world energy emissions, enabling clients to pursue sustainability and financial goals.

Rebound Technologies

Series A in 2020
Rebound Technologies manufactures innovative thermal energy storage systems for commercial freezer environments and off-grid cooling. Its flagship products include IcePoint, a low-temperature refrigeration solution for supermarkets, and SunChill, an off-grid refrigeration system designed to improve agricultural productivity by removing field heat from crops post-harvest. The company's solutions are used by retail stores and farmers in the United States.

Rebound Technologies

Series A in 2019
Rebound Technologies manufactures innovative thermal energy storage systems for commercial freezer environments and off-grid cooling. Its flagship products include IcePoint, a low-temperature refrigeration solution for supermarkets, and SunChill, an off-grid refrigeration system designed to improve agricultural productivity by removing field heat from crops post-harvest. The company's solutions are used by retail stores and farmers in the United States.

Energetic Capital

Seed Round in 2019
Energetic Insurance, Inc. is an InsurTech company based in Boston, Massachusetts, founded in 2016. It specializes in providing solar insurance solutions that address credit and counterparty risks associated with commercial and industrial solar photovoltaic projects. The company offers a product called EneRate, which protects third-party solar developers and asset owners from repayment risks and revenue losses due to defaults on power purchase agreements (PPAs). Energetic Insurance employs a data-driven approach as a Managing General Underwriter, developing innovative risk management products that facilitate solar financing for unrated or below investment grade organizations. This enables solar project developers to undertake more projects and access capital by mitigating payment default risks, thereby enhancing project economics through lower interest rates and improved financial structuring.

Energetic Capital

Convertible Note in 2017
Energetic Insurance, Inc. is an InsurTech company based in Boston, Massachusetts, founded in 2016. It specializes in providing solar insurance solutions that address credit and counterparty risks associated with commercial and industrial solar photovoltaic projects. The company offers a product called EneRate, which protects third-party solar developers and asset owners from repayment risks and revenue losses due to defaults on power purchase agreements (PPAs). Energetic Insurance employs a data-driven approach as a Managing General Underwriter, developing innovative risk management products that facilitate solar financing for unrated or below investment grade organizations. This enables solar project developers to undertake more projects and access capital by mitigating payment default risks, thereby enhancing project economics through lower interest rates and improved financial structuring.

Solantro Semiconductor

Venture Round in 2015
Solantro Semiconductor Corp. is a Canadian semiconductor company established in 2009, specializing in the design and manufacture of integrated circuits for grid applications, particularly within the renewable energy sector. The company develops a range of products, including analog power managers, DC-DC power optimizers, and micro-inverter controllers, which are essential for converting solar energy into usable power. Their chipsets enhance solar panels, enabling them to function as integrated power generators. Solantro's technology supports various applications, including intelligent photovoltaic module safety disconnects and battery chargers, while also offering software development tools for system integration. The company serves clients in power electronics, smart grid, and renewable energy industries, providing semiconductor-based architectures that facilitate the measurement, processing, and management of power from distributed energy resources.

Quidnet Energy

Seed Round in 2015
Founded in 2013, Quidnet Energy develops grid-scale energy storage systems using a unique hydroelectric technology. The company stores excess renewable energy by pumping water under pressure into underground geological reservoirs and releases it to drive hydroelectric turbines when needed. This process enables seamless integration with existing electricity-generating facilities at a lower cost than lithium-ion batteries.

REsurety

Seed Round in 2014
REsurety, Inc. is a risk transfer intermediary focused on enhancing the profitability of wind power projects through innovative risk management solutions. Founded in 2012 and based in Boston, Massachusetts, the company specializes in providing data, analytics, and related services that help clients evaluate, quantify, and optimize the value of wind volume hedging. By streamlining the process of risk transfer, REsurety supports wind project developers, owners, and financial underwriters in effectively managing the inherent risks associated with renewable energy investments. The company's technology integrates physical science, big data, and financial engineering, enabling clients to make informed decisions that maximize the resilience and sustainability of clean energy projects.

REsurety

Seed Round in 2014
REsurety, Inc. is a risk transfer intermediary focused on enhancing the profitability of wind power projects through innovative risk management solutions. Founded in 2012 and based in Boston, Massachusetts, the company specializes in providing data, analytics, and related services that help clients evaluate, quantify, and optimize the value of wind volume hedging. By streamlining the process of risk transfer, REsurety supports wind project developers, owners, and financial underwriters in effectively managing the inherent risks associated with renewable energy investments. The company's technology integrates physical science, big data, and financial engineering, enabling clients to make informed decisions that maximize the resilience and sustainability of clean energy projects.

7AC Technologies

Debt Financing in 2011
7AC Technologies Inc. is a company based in Beverly, Massachusetts, that specializes in innovative HVAC solutions using a unique membrane-isolated plastic plate technology. Founded in 2009 and formerly known as 7Solar Technologies, the company focuses on developing ultra-efficient liquid desiccant systems designed for commercial and industrial buildings. These systems offer significant energy savings, achieving over a 50% reduction in energy costs compared to traditional HVAC units. As of November 2020, 7AC Technologies operates as a subsidiary of Emerson Electric Co.

VCharge

Seed Round in 2011
VCharge, Inc. is a technology company that specializes in intelligent infrastructure for managing transactive electric loads, primarily across Maine, Massachusetts, Pennsylvania, and expanding into international markets such as Germany, Ireland, and the United Kingdom. Founded in 2009 and headquartered in Providence, Rhode Island, VCharge develops the VNet power management platform, which coordinates the activities of distributed transactive load assets. The company also provides SmartBricks and SmartHydro, controllers for electric thermal storage heating systems, and VConsole, a web-based interface for users and utilities. VCharge focuses on retrofitting existing electric thermal storage systems, which are more common in Europe, to enhance energy efficiency and reduce costs for homeowners. Through energy arbitrage and grid services, VCharge helps users save significantly on heating costs while contributing to the stability and efficiency of the electric grid, particularly as the energy landscape shifts towards greater reliance on renewable sources.

MyEnergy

Series A in 2011
MyEnergy is a company dedicated to helping households across the United States reduce energy consumption and save on utility bills. It offers a free platform where users can access personalized energy-saving tips and incentives, compare their energy usage with others, and set goals to track their progress. The platform includes algorithms that collect and analyze utility energy data to provide tailored recommendations. Additionally, users can earn rewards for successfully lowering their energy bills. MyEnergy is compatible with hundreds of utilities nationwide and aims to serve over 90% of the U.S. population.

Next Step Living

Series B in 2010
Next Step Living provides home energy evaluations and solutions for individuals and organizations. It offers energy assessment and diagnostics, air sealing and insulation, and multi-family retrofit services. The company also provides customized solutions, such as HVAC repair and replacement, window replacement and installation, solar or geothermal systems installation, building automation, interior and exterior lighting design, and custom retrofit services. Its sustainability solutions include water efficiency and purification, landscape design and management, and indoor air quality services. The company provides assessment and diagnostic processes to heating and cooling, domestic hot water, and electricity and lighting needs. Next Step Living partners with more than 400 municipalities, civic organizations, contractors, and corporations to deliver energy-efficient and environmental-friendly solutions to its customers. Those solutions include home energy assessments, weatherization work, energy-efficient windows, efficient heating, and cooling solutions, and access to solar solutions. Next Step Living was founded in 2008 by Geoff Chapin and is based in Boston, Massachusetts.

OutSmart Power Systems

Seed Round in 2009
OutSmart Power Systems, LLC is a Massachusetts-based company that specializes in lean energy management software and services designed for commercial and industrial (C&I) buildings, particularly grocery stores, convenience stores, and cold storage facilities. Established in 2008, the company offers innovative solutions such as EnergyMate, a miniature metering technology that monitors energy and power parameters, and the OutSmart Analytics Platform (OSAP), which stores and analyzes data to uncover energy-saving opportunities. OutSmart's approach focuses on providing detailed insights into energy consumption and equipment health, particularly for critical systems like refrigeration, HVAC, and lighting. The company enhances energy management by categorizing and prioritizing activities related to energy use while offering basic and advanced analytics, reporting programs, and total energy savings services. By leveraging specialized sensor technology and data extraction techniques, OutSmart delivers granular monitoring capabilities that improve operational efficiency and reduce energy costs, often achieving payback periods of less than a year for its clients.

Powerhouse Dynamics

Seed Round in 2009
Powerhouse Dynamics, Inc. is a technology company specializing in enterprise energy and asset management systems tailored for small commercial facilities. Founded in 2008 and based in Newton, Massachusetts, the company offers the SiteSage platform, which centralizes the control, analysis, and management of energy-consuming equipment. This cloud-based system is designed to enhance operational efficiency through powerful analytics, providing users with insights via straightforward online and mobile interfaces. SiteSage continuously improves energy efficiency by monitoring power consumption, gas, and water usage, and it enables remote management of equipment such as HVAC systems. Additionally, the platform supports food safety and utility bill management, catering to a diverse client base that includes restaurants, convenience stores, and retail establishments. Powerhouse Dynamics operates as a subsidiary of The Middleby Corporation as of April 2019.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.