Innovator

MassCEC acts as a connector between established and startup clean energy companies, investors, strategic corporate partners and large energy users in Massachusetts.

MassCEC supports local incubators, business accelerator competitions and other resources, job training, networking events and provides seed investments for technology companies.

InnovateMass Awardee Lands Deal With Coca-Cola

With the holiday season in full swing, many companies are at working at their peak – which can also mean a spike in their energy expenses. Fortunately, there are innovative Massachusetts clean energy companies that specialize in reducing business’ fuel and power costs.

One such company is Boston-based XL Hybrids. This video by Bloomberg TV shows how XL Hybrids retrofits commercial vans and trucks, often used for deliveries, with hybrid technology. By capturing the energy wasted in braking, their technology allows vehicles to decrease fuel use and carbon dioxide emissions by up to 20 percent on urban or suburban routes. The start-up has recently landed a deal with Coca-Cola, which according to a recent Boston Globe article will retrofit 100 of their service vans with the technology.

Community Microgrids Program

This program is currently CLOSED

The Massachusetts Clean Energy Center’s (MassCEC) Community Microgrids Program seeks to catalyze the development of community microgrids throughout Massachusetts to lower customer energy costs, reduce greenhouse gas (GHG) emissions, and provide increased energy resilience.

MAtCH

This program is currently OPEN

MAtCH is a start-up exchange program jointly administered by MassCEC and the Swiss Federal Office of Energy (SFOE). Its goal is to provide early-stage companies an opportunity to explore business development in a foreign market.

DeployMass

This program is currently OPEN

DeployMass (formerly known as the Massachusetts as a First Customer Program) facilitates the adoption of clean energy or water innovation technologies at public agencies, public academic institutions and municipalities to support the growth and development of Massachusetts-based companies while saving taxpayer dollars.

Investments Program

This Program Is Currently OPEN

MassCEC makes direct equity and venture debt investments in Massachusetts-based clean energy companies. Equity investments average approximately $500,000 in a Seed, Series A, or Series B financing round, with venture debt investments of $100,000 to $1 million to help Massachusetts-based cleantech companies grow, reach key milestones, and create jobs. Applications for these investments are accepted on a rolling basis.

AccelerateMass

This program is currently CLOSED

AccelerateMass is a two-stage investment program that provides up to $150,000 in convertible notes to clean energy graduates of approved accelerator programs. The program exists to support companies as they advance and commercialize clean energy technologies and business models. AccelerateMass was launched in 2015. Four investments were made in both 2015 and 2016.

AccelerateMass program is closed for 2017. Please check back in fall 2018 for the next round of solicitation.

 

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