Massachusetts Clean Energy Center

Established in 2009, the Massachusetts Clean Energy Center is a state agency dedicated to accelerating clean energy development and implementation. It aims to create high-quality jobs and long-term economic growth by facilitating renewable energy generation projects and developing a skilled workforce.

Stephen Pike

CEO

Emily Reichert

CEO

Susan Stewart

Head of Investments

David Wilson

Senior Investment Associate

Past deals in Electricity

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.

Cala Systems

Grant in 2023
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.

Cala Systems

Grant in 2020
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.

Enel Green Power

Grant in 2020
Enel Green Power is a global leader in renewable energy, focusing on the development and management of power plants that utilize a diverse array of resources, including wind, solar, hydroelectric, geothermal, and biomass. Established in December 2008 as part of the Enel Group, the company operates across Europe and the Americas, boasting an installed capacity of 64.7 GW and generating approximately 25 terawatt-hours of electricity annually. This production supports the energy needs of over 8 million households and contributes to significant reductions in carbon emissions, avoiding around 16 million tonnes of CO2 each year. Enel Green Power emphasizes sustainability and innovation while actively collaborating with local communities to promote socio-economic development. The company is committed to expanding its installed capacity and enhancing technological mixes tailored to local conditions, thus playing a crucial role in the global transition to sustainable energy.

Highland Electric Transportation

Grant in 2020
Highland Electric Transportation is a comprehensive turnkey solutions provider that delivers electric school buses (EVSB) to school districts and third-party managed fleet providers (3PMs).

Enel X

Grant in 2020
Enel X is a company that specializes in energy supply and optimization, aiming to promote more autonomous and sustainable energy consumption. It provides energy intelligence software (EIS) and demand response services through its software-as-a-service (SaaS) platform, which enables enterprises to manage their energy costs effectively, mitigate risks, and streamline compliance and sustainability reporting. In addition to these services, Enel X offers access to demand response programs globally, creating a valuable revenue stream for businesses while providing utilities and grid operators with a reliable and cost-effective demand-side resource. This focus on innovative energy solutions positions Enel X as a key player in advancing energy efficiency and sustainability in various sectors.

Gridtwin

Grant in 2020
Gridtwin is a SaaS-based company providing software tools to both energy developers and utilities to streamline the interconnection process. Gridtwin was founded by researchers and graduates from the MIT Energy Initiative who were passionate about modernizing the electricity network and developing tools to facilitate that process. Gridtwin is based in Cambridge, Massachusetts.

Medley Thermal

Grant in 2020
Medley Thermal develops software that optimally manages switching between energy sources in industrial boiler systems. Its solution adds an electric boiler alongside existing ones, using dispatching software to seamlessly manage fuel switching, enabling industries to reduce power costs and emissions.

Camberline Technologies

Grant in 2019
Camberline Technologies is a developer of a sensor-driven energy platform designed to monitor electricity usage and promote energy conservation. The company's technology provides billing-ready data to utility systems through established data exchange interfaces, facilitating accurate and efficient billing processes. By leveraging this platform, consumers can receive incentives to modify their electricity consumption habits, ultimately supporting efforts to enhance energy efficiency within communities.

Pecos Wind Power

Convertible Note in 2018
Pecos Wind Power designs, builds, and sells wind turbines tailored for distributed generation. Their turbines are designed to generate inexpensive, renewable electricity suitable for powering multiple homes or businesses, promoting sustainable energy usage.

Medley Thermal

Grant in 2018
Medley Thermal develops software that optimally manages switching between energy sources in industrial boiler systems. Its solution adds an electric boiler alongside existing ones, using dispatching software to seamlessly manage fuel switching, enabling industries to reduce power costs and emissions.

Taunton Municipal Light Plant

Grant in 2017
Taunton Municipal Light Plant is a municipally-owned utility that provides electric and internet services.

Reading Municipal Light Dept

Grant in 2017
Reading Municipal Light Dept is a government agency that provides electric utility services within the region.

Solect Energy

Seed Round in 2017
Solect Energy, located in Hopkinton, Massachusetts, is a prominent leader in the commercial-scale solar sector. The company specializes in providing solar energy solutions tailored for businesses, emphasizing the development, design, and implementation of solar projects that enhance sustainability and reduce energy costs. With a commitment to advancing renewable energy, Solect Energy plays a significant role in helping organizations transition to cleaner energy sources, contributing to both environmental goals and economic benefits. Through its expertise and innovative approach, the company has established itself as a key player in the growing solar energy market.

EnerNOC

Grant in 2017
EnerNOC provides technology-enabled energy management solutions to assist utilities and grid operators in maintaining the real-time balance between supply and demand. Their services help optimize energy usage and improve grid reliability for their clients.

Ameresco

Grant in 2017
Ameresco, Inc. is an energy efficiency solutions provider operating primarily in North America and Europe. Founded in 2000 and headquartered in Framingham, Massachusetts, the company specializes in the development, design, engineering, and installation of projects that aim to reduce energy consumption and operational costs for various sectors, including governmental, educational, utility, healthcare, commercial, and industrial facilities. Ameresco's services encompass upgrades to energy infrastructure and the construction of renewable energy plants that generate electricity, gas, heat, or cooling from sustainable sources. Additionally, the company offers a range of solar energy products and systems, including photovoltaic panels, inverters, solar-powered lighting, and other essential components for both grid-connected and off-grid applications. Through its initiatives, Ameresco supports clients in achieving greater energy efficiency and sustainability.

National Grid

Grant in 2017
National Grid is a major investor-owned energy company that owns and operates electricity transmission systems in England and Wales and manages regulated gas and electricity networks in the United Kingdom and United States. It focuses on delivering electricity and gas safely, reliably, and efficiently to customers and communities, while transforming networks with smarter, cleaner, and more resilient energy solutions to support decarbonisation. In the United Kingdom, it owns the electricity transmission and distribution assets and gas transmission infrastructure and also provides metering services. In the United States, it owns regulated transmission and generation assets serving multiple states, along with metering services and merchant transmission lines. It also operates the Grain LNG facility in the United Kingdom. As one of the world's largest investor-owned energy companies, National Grid oversees investments through its regulated businesses and related ventures, aiming to connect millions of customers to dependable energy while pursuing energy-system innovation and decarbonisation.

West Boylston Municipal Light Plant

Grant in 2017
West Boylston Municipal Light Plant (WBMLP) has provided citizens and businesses of West Boylston, MA with dependable electric power.

Massachusetts Municipal Wholesale Electric Company

Grant in 2017
Massachusetts Municipal Wholesale Electric Company provides electricity solutions along with resource & power supply planning services.

Sunrun

Grant in 2017
Sunrun is a United States-based provider of residential solar electricity and related solar power services for homeowners. It designs, owns, and maintains solar energy systems and offers a solar service model in which customers pay for the electricity produced rather than the panels; Sunrun retains ownership of the systems and provides battery storage and related products. The company markets its offerings directly to homeowners through online and offline channels and collaborates with a network of installers and partners to deliver installations. Founded in 2007 and headquartered in San Francisco, Sunrun operates across multiple states and typically signs long-term agreements to supply power at fixed rates.

Energy Futures Group

Grant in 2017
Energy Futures Group provides expert consulting services informed by national and international experience in the design and evaluation of energy efficiency.

MTPV

Grant in 2017
MTPV Power Corporation, established in 2003 and based in Austin, Texas, specializes in innovative clean energy solutions. The company focuses on developing Micron-gap ThermalPhotoVoltaics (MTPV) technology, originally researched at MIT and Draper Laboratory before being brought under MTPV Power's umbrella. Their core product is semiconductor chips designed to convert waste heat from various sources into usable electricity, benefiting industrial businesses by enhancing productivity while reducing energy costs.

WattJoule

Grant in 2017
WattJoule develops liquid electrical energy storage systems, combining power conversion modules with off-the-shelf pumps, sensors, and controls. Their innovative design enables clients to achieve desired power levels through modular tank assemblies.

Wright Electric

Grant in 2016
Wright Electric Inc. is a manufacturer of commercial electric airplanes, focusing on reducing costs and emissions in the aviation industry. Founded in 2016 and headquartered in Los Angeles, California, the company utilizes unique propulsion technology to create aircraft that eliminate emissions without relying on offsets. This innovation aims to make zero-emissions flight as economically viable as traditional fossil-fueled aviation, marking a significant step towards the electrification of the aerospace sector and fostering a sustainable future for air travel.

SolarOne Solutions

Grant in 2014
SolarOne Solutions, Inc. is a company that specializes in the development and manufacturing of solar-powered lighting and generator systems for various applications globally. Based in Needham, Massachusetts, SolarOne provides a diverse range of products, including overhead lights for pathways, parking lots, and bus shelters, as well as landscape luminaires and solar kits designed for different mounting options. Their systems operate independently of the electric grid, utilizing solar panels as a power source, which ensures reliable operation even during power outages. This independence allows for flexible siting and easy installation, reducing the need for costly electrical infrastructure. SolarOne serves a wide array of customers, including college campuses, government laboratories, and municipalities, and markets its products through a network of representatives and dealers across the United States, Canada, and Mexico. Founded in 2004, SolarOne Solutions has established itself as a provider of effective off-grid solutions that can be implemented with minimal disruption and long-term reliability.

Sparkplug Power

Grant in 2014
Sparkplug Power is a company that develops and manufactures equipment for energy storage, with a focus on renewable energy semiconductors. The company specializes in providing project development and services for storage facilities, aiming to help commercial and institutional customers cut energy costs through energy storage solutions.

Spruce Power

Grant in 2013
Spruce Power is a company that owns and operates distributed solar energy assets across the United States. It provides subscription-based solar energy services to homeowners, serving over 52,000 customers. Its offerings generate revenue from the sale of electricity produced by home solar systems to customers, contracts to sell solar renewable energy credits (SRECs) under fixed prices, and servicing agreements for other institutional owners of home solar assets.
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