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 Energy Efficiency

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.

Pearl Certification

Series A in 2021
Pearl Certification, founded in 2015 and based in Virginia, specializes in providing home energy efficiency certification programs. The company offers independent verification of home features that enhance comfort, energy performance, and indoor air quality. By collaborating with real estate agents, contractors, and builders, Pearl supports homeowners in increasing the value of their properties, thereby instilling greater buyer confidence during real estate transactions. Its certification process serves as a vital resource for homeowners seeking to document their property’s energy efficiency and sustainability, which can be particularly beneficial for refinancing or resale purposes.

Ndustrial

Series A in 2021
Ndustrial is a company that specializes in providing analytical engines and optimization platforms aimed at improving operational efficiency for mid-tier manufacturers and energy companies. Founded in 2015 and based in Durham, North Carolina, Ndustrial's proprietary industrial operating system integrates legacy data and facilitates the deployment of Industrial Internet of Things (IoT) assets. The company offers a range of services, including energy efficiency retrofits, real-time energy analytics, sustainability monitoring software, renewable energy technologies, and consulting. By focusing on the elimination of waste in raw resources, energy, and processes, Ndustrial helps organizations enhance their competitiveness while promoting fiscally responsible and environmentally intelligent practices. Its cloud-based applications support factories and industrial facilities worldwide, enabling clients to optimize operations and reduce energy costs.

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.

Pearl Certification

Series A in 2019
Pearl Certification, founded in 2015 and based in Virginia, specializes in providing home energy efficiency certification programs. The company offers independent verification of home features that enhance comfort, energy performance, and indoor air quality. By collaborating with real estate agents, contractors, and builders, Pearl supports homeowners in increasing the value of their properties, thereby instilling greater buyer confidence during real estate transactions. Its certification process serves as a vital resource for homeowners seeking to document their property’s energy efficiency and sustainability, which can be particularly beneficial for refinancing or resale purposes.

Pearl Certification

Series A in 2019
Pearl Certification, founded in 2015 and based in Virginia, specializes in providing home energy efficiency certification programs. The company offers independent verification of home features that enhance comfort, energy performance, and indoor air quality. By collaborating with real estate agents, contractors, and builders, Pearl supports homeowners in increasing the value of their properties, thereby instilling greater buyer confidence during real estate transactions. Its certification process serves as a vital resource for homeowners seeking to document their property’s energy efficiency and sustainability, which can be particularly beneficial for refinancing or resale purposes.

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.

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.
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