Massachusetts Clean Energy Center logo

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?

HKG Energy

Somerville, Massachusetts, United States

HKG Energy it unleashing the Power of Silicon Redefining Battery Performance.

Manufacturing
GrantAug 15, 2025
Amount Raised: $75,000
MacroCycle Technologies

Cambridge, Massachusetts, United States

Circular Plastics. Zero Carbon Emissions.

Plastics and Rubber ManufacturingRecycling
GrantAug 15, 2025
Amount Raised: $350,000
Air Space Intelligence

San Francisco, California, United States

A software-first aerospace company.

AerospaceSoftware
GrantAug 15, 2025
Amount Raised: $350,000
Orpheus Ocean

New Bedford, Massachusetts, United States

Orpheus Ocean focuses on revolutionizing deep ocean exploration with scalable, autonomous robots for research and resource management.

Marine TechnologyRobotics
GrantAug 15, 2025
Amount Raised: $276,886
Forma Systems

Cambridge, Massachusetts, United States

Forma Systems is a design and technology studio focused on expanding access to high-quality.

Civil Engineering
GrantAug 15, 2025
Amount Raised: $290,300
Noble Carbon

Pittsfield, Massachusetts, United States

Noble Carbon makes circuit breakers that enable remote control, energy monitoring, and load balancing in electrical systems.

Energy ManagementManufacturing
GrantAug 15, 2025
Amount Raised: $350,000
Anvil Capture Systems

Brooklyn, New York, United States

Anvil Capture Systems is a new carbon dioxide removal (CDR) company.

Manufacturing
GrantAug 15, 2025
Amount Raised: $75,000
Resolute Methane

Somerville, Massachusetts, United States

Resolute Methane is working to rapidly reduce the effects of climate change by developing solutions.

GrantAug 15, 2025
Amount Raised: $75,000
ThinkLabs AI

Toronto, Ontario, Canada

ThinkLabs AI is a specialist AI development and deployment firm.

Artificial Intelligence (AI)Sustainability
GrantAug 15, 2025
Amount Raised: $350,000
H2C Energy

Woburn, Massachusetts, United States

H2C Energy is an MIT spinout developing next-generation water-splitting electrolyzers that make green hydrogen production.

GrantAug 15, 2025
Amount Raised: $75,000