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Massachusetts Clean Energy Center

North America, Massachusetts, United States, Boston

Description

The Massachusetts Clean Energy Center (MassCEC) is a state economic development agency dedicated to accelerating the growth of the clean energy sector across the Commonwealth. Established to foster innovation, create jobs, and reduce greenhouse gas emissions, MassCEC plays a pivotal role in positioning Massachusetts as a national leader in clean energy technology and solutions. Its mandate extends beyond direct funding to include workforce development, infrastructure support, and market development initiatives, all aimed at building a robust and sustainable clean energy ecosystem.

MassCEC offers a variety of funding mechanisms tailored to different stages of clean energy businesses and projects. For early-stage startups, the Catalyst program provides non-dilutive grants, typically up to $65,000, to help companies de-risk technologies and achieve critical milestones. For more mature pilot and demonstration projects, the InnovateMass program offers grants that can range significantly, often up to $500,000, to support the deployment of innovative clean energy solutions. Beyond grants, MassCEC also engages in equity co-investments through programs like AmplifyMass, leveraging private capital to scale promising ventures. Since its inception, MassCEC has invested over $300 million in the Massachusetts clean energy industry, supporting a diverse portfolio of companies and initiatives.

Beyond direct financial support, MassCEC is instrumental in developing the clean energy workforce through educational programs and training initiatives, ensuring a skilled talent pipeline for the growing sector. They also invest in critical infrastructure, such as marine testing facilities and advanced manufacturing spaces, which are essential for the commercialization of new technologies. Their comprehensive approach has contributed significantly to the state's economic vitality, helping to create and retain thousands of jobs while advancing Massachusetts' ambitious climate goals. MassCEC's unique position as a public entity allows it to take calculated risks and make strategic investments that might be overlooked by traditional private capital, thereby filling critical funding gaps and fostering long-term growth in the clean energy economy.

Investor Profile

Massachusetts Clean Energy Center has backed more than 264 startups, with 6 new investments in the last 12 months alone. The firm has led 201 rounds, about 76% of its total and boasts 30 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Grant, Seed, Series A rounds (top funding stages).
  • Majority of deals are located in United States, The Netherlands, United Kingdom.
  • Strong thematic focus on Energy, Renewable Energy, Manufacturing.
  • Led 1 rounds in the past year.
  • Typical check size: $65K – $500K.

Stage Focus

  • Grant (88%)
  • Seed (4%)
  • Series A (3%)
  • Convertible Note (2%)
  • Series B (2%)
  • Series Unknown (1%)

Country Focus

  • United States (97%)

Industry Focus

  • Energy
  • Renewable Energy
  • Manufacturing
  • Education
  • Clean Energy
  • Solar
  • Energy Efficiency
  • Higher Education
  • Cleantech
  • Software
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Massachusetts Clean Energy Center frequently co-invest with?

LaunchPad Venture
North America, Massachusetts, United States, Newton
Co-Investments: 4
The Engine
North America, Massachusetts, United States, Cambridge
Co-Investments: 3
Clean Energy Venture Group
North America, Massachusetts, United States, Brookline
Co-Investments: 3
Tamarisc Ventures
North America, California, United States, Irvine
Co-Investments: 2
Constellation Energy
North America, Maryland, United States, Baltimore
Co-Investments: 2
Energy Impact Partners
North America, New York, United States, New York
Co-Investments: 2
MassVentures
North America, Massachusetts, United States, Boston
Co-Investments: 52
SE Ventures
North America, California, United States, Menlo Park
Co-Investments: 2
Cleantech Open
North America, California, United States, Palo Alto
Co-Investments: 2
Powerhouse Ventures
North America, California, United States, Oakland
Co-Investments: 2

Which angels does Massachusetts Clean Energy Center often collaborate with?

JL
North America, Massachusetts, United States, Boston
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Massachusetts Clean Energy Center?

BlueShift

Cambridge, Massachusetts, United States

BlueShift operates as an electrochemical climate tech innovator.

Assistive TechnologyMineralRecycling
Pre SeedMar 19, 2025
Amount Raised: $2,100,000
Triton Anchor

Chelmsford, Massachusetts, United States

Triton Anchor offers a new level of anchoring for floating renewable energy solutions.

Clean EnergyRenewable EnergyWind Energy
SeedDec 16, 2024
Amount Raised: $2,200,000
Project Green Schools

Mansfield, Massachusetts, United States

Green Schools is entirely dedicated to promoting environmental literacy and stewardship in children in grades 2-12.

E-LearningEducationEnvironmental Consulting
GrantNov 1, 2024
Amount Raised: $900,000
Lithios

Cambridge, Massachusetts, United States

Lithios is a technology company that uses electrochemistry for advanced lithium extraction from tough mixtures.

ChemicalChemical EngineeringManufacturing
SeedOct 8, 2024
Amount Raised: $10,000,000
Adept Materials

Somerville, Massachusetts, United States

Adept Materials manufactures advanced coating materials to enhance buildings' sustainability.

ConstructionIndustrialSmart Home
SeedAug 6, 2024
Amount Raised: $4,000,000
AeroShield

Cambridge, Massachusetts, United States

AeroShield is a B2B startup that develops super-insulating transparent materials.

ConsumerIndustrialIndustrial Manufacturing
SeedJul 29, 2024
Amount Raised: $5,000,000
Found Energy

Boston, Massachusetts, United States

Found Energy is a renewable energy company engaging in turning aluminum into a renewable energy carrier.

Clean EnergyEnergyEnergy EfficiencyRenewable Energy
SeedApr 17, 2024
Amount Raised: $12,000,000
Cala Systems

Boston, Massachusetts, United States

We design, manufacture, and sell the world's first intelligent heat pump water heater.

EnergyEnergy EfficiencyRenewable Energy
SeedJan 10, 2024
Amount Raised: $5,600,000
Blaze Power

Boston, Massachusetts, United States

Blaze Power is a lithium-ion battery material manufacturing company that innovates and commercializes iron-based cathode materials.

BatteryManufacturingRenewable Energy
GrantDec 31, 2023
Amount Raised: $75,000
Active Surfaces

Salem, Massachusetts, United States

Active Surfaces offers ultra-thin-film solar technology that can be applied to any surface.

ManufacturingRenewable EnergySolar
GrantDec 31, 2023
Amount Raised: $75,000