Clean Energy Venture Group

Clean Energy Venture Group, founded in 2005 and based in Cambridge, Massachusetts, is an angel investment group that specializes in providing seed capital and management expertise to early-stage clean energy companies. Comprised of experienced executives with a strong background in energy and environmental sectors, the group leverages its investment capital along with valuable industry knowledge and networking opportunities to support the growth of its portfolio companies. While its primary focus is on the Northeast United States, Clean Energy Venture Group has also collaborated with businesses across the country and in Canada, targeting investments in various sectors, including cleantech and climate technology.

Anne Andrew

Partner

Ralph Earle III

Managing Director

James Ellis

Partner

Temple Fennell

Co-Founder and Managing Partner

Virginia Foote

Partner

Renu Gupta

Partner

Tal Levy

Partner

Francois Odouard

Partner

Wanda Reindorf

CFO and Managing Director

John Santoleri

Partner

Peter Schewinfurth

Partner

Cara Tobin

Partner

Mitchell G. Tyson

Partner

Jeffrey Weiss

Partner

John Wisniewski

Partner

Zaurie Zimmerman

Partner

David Miller Ph.D

Co-Founder and Managing Partner

Kedar Gupta Ph.D

Partner

Past deals in Maine

Pika Energy

Series A in 2016
Pika Energy, Inc. is a Westbrook, Maine-based manufacturer of direct current (DC) power electronics. Our nanogrid technology is installed throughout the United States and Canada and in several overseas markets. All Pika Energy products are designed, tested, and manufactured in the United States, using domestic materials. Founded in 2010 by MIT-educated engineers, Pika Energy manufactures high-efficiency, bidirectional inverters and charge controllers, small wind turbines, and substring solar optimizers.

VCharge

Seed Round in 2011
VCharge, Inc. specializes in developing intelligent infrastructure for energy management, focusing on transactive electric loads that optimize energy usage and reduce costs. The company's flagship platform, VNet, coordinates the activities of distributed load assets, while its SmartBricks and SmartHydro controllers manage electric thermal storage heating systems, electric car charging stations, and compressed air systems. VCharge also offers VConsole, a web-based interface that provides crucial information and control for users, utilities, and maintenance staff. The firm primarily operates in Maine, Massachusetts, and Pennsylvania, but it also serves customers in Germany, Ireland, and the United Kingdom. Founded in 2009 and based in Providence, Rhode Island, VCharge aims to address the challenges of renewable energy intermittency by using advanced algorithms to align grid requirements with user needs. The company offers retrofitted control equipment at no cost to building owners in exchange for long-term contracts, generating savings and revenue through energy arbitrage and grid services.
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