Massachusetts Clean Energy Center

The Massachusetts Clean Energy Center (MassCEC) is a state agency established to promote the growth of the clean energy sector in Massachusetts. Founded in 2009 under the Green Jobs Act, MassCEC focuses on accelerating job creation and economic development within the clean energy industry. The organization provides early-stage investments to startups, offers renewable energy rebates for residents and businesses, and supports workforce development initiatives to prepare individuals for careers in clean energy. By leveraging the state's unique assets, MassCEC aims to facilitate the development of renewable energy projects and establish Massachusetts as a leader in the national and global clean energy landscape.

Stephen Pike

CEO

Emily Reichert

CEO

David Wilson

Senior Investment Associate

Past deals in Utilities

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.

NewGrid

Grant in 2021
NewGrid is a software company specializing in the utilities sector, focusing on topology optimization technologies for electric power transmission. The firm develops decision support software that aids in power operations and planning, encompassing outage scheduling, seasonal contingency planning, remedial action plan development, and congestion management. By improving decision-making processes, NewGrid's solutions enable both producers and consumers to effectively mitigate congestion and enhance the reliability of the power grid. The company's team consists of experienced engineers, researchers, software developers, and economists, who are recognized thought-leaders in applying topology optimization to power system operations. NewGrid has gained support from governmental initiatives, notably leading the first successful implementation of automated security-constrained topology reconfigurations on large-scale regional transmission organization systems.

Xodus Group

Grant in 2021
Xodus Group Ltd. is an engineering and advisory firm that specializes in providing support services to oil and gas upstream operators as well as renewable energy developers globally. Established in 2005 and headquartered in Aberdeen, United Kingdom, the company offers a wide array of services including exploration and appraisal, field development, operations, and decommissioning. Xodus Group also excels in advanced structural engineering, compliance management, and various simulations, addressing challenges in fluid dynamics, integrity management, and safety. The firm develops proprietary applications such as XPLORE for data management in upstream oil and gas, XMAINT to enhance data quality, and XRISK for centralized risk management. With additional offices in locations such as Australia, the United Arab Emirates, and across the UK, Xodus Group serves diverse sectors including oil and gas, LNG, renewables, and utilities, aiming to maximize return on investment for its clients.

Heila Technologies

Seed Round in 2020
Heila Technologies develops a platform that connects solar arrays, batteries, and other distributed energy resources (DERs) to create self-managing microgrids. The Heila IQ Platform is a decentralized optimization system that simplifies the integration and operation of these resources, allowing for autonomous management and optimization. This technology transforms various components, such as batteries and solar arrays, into independent intelligent agents capable of self-organization and regulation. Heila Technologies serves a diverse clientele, including utility representatives, developers, energy users, and public officials. Founded in 2017 and based in Somerville, Massachusetts, the company aims to facilitate the commercialization of its platform, providing granular analysis and data-driven recommendations to enhance the resilience and efficiency of energy networks while promoting energy savings and reducing carbon emissions.

Blackburn Energy

Grant in 2020
Blackburn Energy, Inc. specializes in renewable energy solutions for the commercial trucking industry through its innovative product, RelGen. This technology harnesses kinetic energy from a truck's drive shaft, converting it into electricity via a custom alternator. The generated power is stored in a battery array, enabling it to supply energy to various truck subsystems including liftgates, electric auxiliary power units (APUs), and sensors for driver-assist and autonomous features. Blackburn Energy's solutions aim to reduce reliance on engine idling, thus cutting fuel and maintenance costs while minimizing carbon emissions. The company's products are particularly beneficial for long-haul drivers, providing essential power for climate control and operational needs during rest periods. Blackburn Energy was founded in 2008 and is headquartered in Amesbury, Massachusetts.

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 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.

PowerOptions

Grant in 2020
PowerOptions provides savings and predictability on energy costs to nonprofits and the public sector.

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.

International Brotherhood of Electrical Workers

Grant in 2020
International Brotherhood of Electrical Workers works in fields of utilities, construction, telecommunications, broadcast, and manufacture.

VODA.ai

Seed Round in 2020
VODA.ai is an artificial intelligence company based in Boston, Massachusetts, founded in 2017. The firm develops cloud-based software that assesses the condition and risk of pipe segments in water systems, enabling utilities to evaluate the remaining life of their infrastructure. By utilizing AI, VODA.ai ranks pipes according to Business Risk Exposure, which includes the likelihood and consequence of failure. This technology assists water utilities in prioritizing maintenance and replacement efforts, helping them make informed capital investment decisions while conserving water and reducing operational costs. The company's clients include large metropolitan areas such as Las Vegas and Boston, benefiting from improved infrastructure management and sustainability through enhanced decision-making capabilities.

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.

Blackburn Energy

Grant in 2019
Blackburn Energy, Inc. specializes in renewable energy solutions for the commercial trucking industry through its innovative product, RelGen. This technology harnesses kinetic energy from a truck's drive shaft, converting it into electricity via a custom alternator. The generated power is stored in a battery array, enabling it to supply energy to various truck subsystems including liftgates, electric auxiliary power units (APUs), and sensors for driver-assist and autonomous features. Blackburn Energy's solutions aim to reduce reliance on engine idling, thus cutting fuel and maintenance costs while minimizing carbon emissions. The company's products are particularly beneficial for long-haul drivers, providing essential power for climate control and operational needs during rest periods. Blackburn Energy was founded in 2008 and is headquartered in Amesbury, Massachusetts.

Camberline Technologies

Grant in 2019
Camberline Technologies is a company that specializes in a sensor-driven platform designed to monitor electricity usage and promote energy conservation. The platform provides billing-ready data that integrates with existing billing systems, facilitating efficient energy management. By delivering actionable insights, Camberline encourages consumers to adopt more sustainable electricity usage habits, often through attractive incentives. This approach not only supports individual energy conservation efforts but also contributes to broader community sustainability goals.

Heila Technologies

Grant in 2019
Heila Technologies develops a platform that connects solar arrays, batteries, and other distributed energy resources (DERs) to create self-managing microgrids. The Heila IQ Platform is a decentralized optimization system that simplifies the integration and operation of these resources, allowing for autonomous management and optimization. This technology transforms various components, such as batteries and solar arrays, into independent intelligent agents capable of self-organization and regulation. Heila Technologies serves a diverse clientele, including utility representatives, developers, energy users, and public officials. Founded in 2017 and based in Somerville, Massachusetts, the company aims to facilitate the commercialization of its platform, providing granular analysis and data-driven recommendations to enhance the resilience and efficiency of energy networks while promoting energy savings and reducing carbon emissions.

Vata Verks

Grant in 2018
Vata Verks is a technology company that specializes in non-invasive, high-resolution data acquisition solutions for water and natural gas usage in buildings. They manufacture sensors that monitor utility consumption and detect leaks, helping clients optimize resource usage and conserve water and gas.

Watchtower Robotics

Grant in 2018
Watchtower Robotics specializes in developing advanced technology for detecting leaks in water distribution systems. Their innovative robot is designed to identify leaks early and accurately, minimizing the risk of water breaks and infrastructure damage. By operating without disrupting water service, the technology allows clients to implement preventative measures before significant leakage occurs. This proactive approach not only helps in preserving water resources but also reduces the potential for costly repairs and downtime associated with water infrastructure failures.

Community Clean Energy Project

Grant in 2018
The Community Clean Energy Project (CCEP) model involves consumers, utilities, community stakeholders, technology companies, funders, Federal/State energy programs, clean energy, and mobility organizations, and local government as partners committed to reliable, clean energy future.

Acton Water District

Grant in 2018
Acton Water District is a community public water supply that delivers high-quality drinking water.

Greenlots

Grant in 2017
Greenlots is a company based in Los Angeles, California, focused on developing electric vehicle (EV) charging networks. It provides innovative software and services that facilitate the deployment of EV charging infrastructure for utilities, cities, communities, and automakers. The company’s platform integrates network management software with charging optimization and grid balancing services, creating a seamless experience for drivers, site hosts, and network operators. Additionally, Greenlots offers a user-friendly mobile app that enhances the charging experience. With a presence in 13 countries across three continents, Greenlots aims to promote a safer, cleaner, and smarter approach to electric mobility.

Advanced Microgrid Solutions

Grant in 2017
Advanced Microgrid Solutions (AMS) specializes in designing, installing, and managing advanced energy storage systems for commercial, industrial, and government buildings. Based in San Francisco with offices across the U.S., AMS deploys large networks of battery systems in buildings to lower energy costs for consumers and support the electric grid. The company's AI-powered software, SigmaOne, optimizes energy trading and maximizes the value of renewables and energy storage assets. AMS also offers microgrid solutions, enabling clean energy access for households, businesses, and communities. Founded in 2013, AMS operates as a subsidiary of Fluence.

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.

GE

Grant in 2017
General Electric (GE) is a multinational conglomerate operating in various sectors, including power and water, oil and gas, aviation, healthcare, transportation, and appliances. GE's businesses provide a wide range of products and services, from power generation and energy delivery technologies to medical imaging and transportation systems. Notably, GE Digital, a subsidiary, specializes in harnessing the power of the Industrial Internet by offering data analytics and software development services. These services enable industries to manage assets and operations more efficiently, reduce data storage costs, and gain valuable insights from vast quantities of data. GE's extensive portfolio of innovative solutions and technologies is designed to meet the evolving needs of customers and industries worldwide.

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.

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.

National Grid

Grant in 2017
National Grid is a multinational electricity and gas utility company, headquartered in London, UK. It owns, operates, and maintains high-pressure gas transmission networks in Great Britain, spanning approximately 7,630 kilometers, and provides associated services such as gas metering and liquefied natural gas storage. Additionally, it facilitates electricity and gas transmission systems, serving millions of customers through regulated utility businesses in the UK and US. National Grid is committed to delivering safe, reliable, and efficient energy, while also investing in innovative technologies to reduce greenhouse gas emissions and transition to cleaner, smarter energy systems.

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 Inc. is a leading provider of residential solar energy systems in the United States, specializing in the design, development, installation, ownership, and maintenance of solar power solutions. Founded in 2007 and headquartered in San Francisco, California, the company offers a unique solar service model that allows homeowners to pay for the electricity generated by the solar systems rather than purchasing the panels outright. This approach enables customers to benefit from lower, locked-in electricity rates while Sunrun maintains and monitors the systems. Operating in twelve states, Sunrun installs solar systems at a rapid pace, averaging one installation every ten minutes. The company utilizes a direct-to-consumer marketing strategy complemented by partnerships with various solar and strategic entities. In addition to solar energy systems, Sunrun also provides battery storage solutions and sells solar products such as panels and racking. With a workforce of over 3,000 employees, Sunrun continues to lead the residential solar market by prioritizing customer savings and sustainable energy solutions.

Ivys Energy Solutions

Grant in 2017
Ivys Energy Solutions is a provider of engineering services and products focused on the global energy and renewable sectors. The company specializes in developing hydrogen-based fueling systems that deliver sustainable energy solutions. These systems are designed to provide clean, cost-effective, and reliable energy, thereby enabling clients to transition to cleaner vehicles. Through its innovative approach, Ivys Energy Solutions aims to contribute to the advancement of sustainable energy practices in the industry.

Aquafresco

Grant in 2017
AquaFresco is transforming the cleaning industry with its innovative wastewater recycling system. Founded by a team that emerged from the MIT MADMEC competition in 2014, the company has advanced its technology from laboratory research to commercial application. Currently, AquaFresco's system is being tested in three pilot hotels and three commercial laundry facilities, with the potential to reduce water and detergent usage by up to 95%. The company holds full ownership of its intellectual property and has gained recognition in the community, winning the MassChallenge Gold Award in 2015 and receiving funding from MassCEC in 2016. AquaFresco is focused on completing product development and pilot testing in the near future.

Wattjoule

Grant in 2017
WattJoule is a company focused on creating a liquid electrical energy storage system. It develops an energy storage center that integrates power production and energy storage in a single package. This system comprises two main components: an energy conversion module that includes converter stacks, pumps, sensors, and controls, and an energy storage module designed for tank assembly. This innovative approach allows clients to achieve higher power levels, positioning WattJoule as a key player in the energy storage sector.

NewGrid

Grant in 2016
NewGrid is a software company specializing in the utilities sector, focusing on topology optimization technologies for electric power transmission. The firm develops decision support software that aids in power operations and planning, encompassing outage scheduling, seasonal contingency planning, remedial action plan development, and congestion management. By improving decision-making processes, NewGrid's solutions enable both producers and consumers to effectively mitigate congestion and enhance the reliability of the power grid. The company's team consists of experienced engineers, researchers, software developers, and economists, who are recognized thought-leaders in applying topology optimization to power system operations. NewGrid has gained support from governmental initiatives, notably leading the first successful implementation of automated security-constrained topology reconfigurations on large-scale regional transmission organization systems.

NewGrid

Grant in 2016
NewGrid is a software company specializing in the utilities sector, focusing on topology optimization technologies for electric power transmission. The firm develops decision support software that aids in power operations and planning, encompassing outage scheduling, seasonal contingency planning, remedial action plan development, and congestion management. By improving decision-making processes, NewGrid's solutions enable both producers and consumers to effectively mitigate congestion and enhance the reliability of the power grid. The company's team consists of experienced engineers, researchers, software developers, and economists, who are recognized thought-leaders in applying topology optimization to power system operations. NewGrid has gained support from governmental initiatives, notably leading the first successful implementation of automated security-constrained topology reconfigurations on large-scale regional transmission organization systems.

RainBank

Grant in 2015
RainBank Inc. is a civil engineering firm based in Newton, Massachusetts, established in 2012. The company specializes in constructing and installing distributed runoff collection storage systems on rooftops, utilizing trays with small holes to facilitate slow drainage and reduce flooding in lowland areas. RainBank's team has extensive experience in water sector technologies and funding strategies, which has enabled them to innovate in stormwater management. Their systems enhance existing passive stormwater infrastructure, allowing municipalities to optimize both current and new networks for improved efficiency and effectiveness in flood prevention.

Blackburn Energy

Grant in 2015
Blackburn Energy, Inc. specializes in renewable energy solutions for the commercial trucking industry through its innovative product, RelGen. This technology harnesses kinetic energy from a truck's drive shaft, converting it into electricity via a custom alternator. The generated power is stored in a battery array, enabling it to supply energy to various truck subsystems including liftgates, electric auxiliary power units (APUs), and sensors for driver-assist and autonomous features. Blackburn Energy's solutions aim to reduce reliance on engine idling, thus cutting fuel and maintenance costs while minimizing carbon emissions. The company's products are particularly beneficial for long-haul drivers, providing essential power for climate control and operational needs during rest periods. Blackburn Energy was founded in 2008 and is headquartered in Amesbury, Massachusetts.

Loci Controls

Grant in 2015
Loci Controls, Inc. specializes in the development and commercialization of an automated landfill gas collection system. The company offers Loci WellWatcher, a system featuring wellhead-mounted hardware and cloud-based monitoring and analytics that optimize methane extraction from landfills. By providing real-time monitoring of gas composition, pressure, temperature, and flow, Loci Controls has demonstrated the capability to enhance gas collection efficiency by over 20%, while also improving safety and reducing operational costs for landfill operators and energy utility customers in the United States. The company combines innovative sensor technology, continuous monitoring, advanced algorithms, and field service support to increase profitability and mitigate environmental, health, and safety risks. Founded in 2012 and based in Fall River, Massachusetts, Loci Controls is committed to advancing technology for the effective management of landfill gas resources.

WindPole Ventures

Series A in 2010
WindPole sells actual hub height wind resource data that solves two problems: 1) historical wind data that de-risks and improves finance terms for wind power development projects, and 2) real-time data based wind forecasting that improves operational effectiveness for utilities, grid operators, wind farm operators, and power traders. WindPole installs weather monitoring sensors and systems on existing narrow faced, 80+ meters (hub height), broadcast towers. Each tower is polled every five minutes to compile real-time wind resource data. WindPole’s clients include five of the top ten wind developers, grid operators, and industry analysts.
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