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 Electricity

Electrified Thermal Solutions

Venture Round in 2022
Electrified Thermal Solutions is a company focused on decarbonizing industrial processes by replacing fossil fuels with renewable heat. Founded in 2021 and based in Medford, Massachusetts, the company originated from research conducted at MIT's Department of Nuclear Science and Engineering. Its innovative approach involves developing energy storage technology that converts intermittent renewable electricity into constant heat using low-cost conductive ceramic blocks. This technology enables various industrial sectors to utilize zero-carbon heat, contributing to a significant reduction in energy consumption's carbon footprint. Through its efforts, Electrified Thermal Solutions aims to facilitate an energy revolution that promotes sustainability in industrial applications.

60Hertz

Series A in 2021
60Hertz provides a Maintenance Management Software platform designed specifically for people managing remote energy assets such as microgrids.

LineVision

Series B in 2021
LineVision, Inc. specializes in developing transmission line monitoring systems tailored for utilities. Founded in 2018 and based in Somerville, Massachusetts, the company offers a suite of advanced, non-contact sensors and analytics that enhance transmission line capacity, resilience, and safety. Its monitoring solutions provide utilities with crucial visibility into asset health, enabling optimized asset management without requiring outages or specialized equipment. The system includes features such as dynamic line ratings, secure web interfaces, and comprehensive data analytics, allowing for reliable assessment and profiling of transmission conductors. This innovative approach equips utilities with the tools necessary to improve the performance of the electric power grid.

SparkMeter

Series A in 2020
SparkMeter, Inc. specializes in electricity metering systems tailored for rural and urban utilities in developing markets. Founded in 2012 and headquartered in Washington, D.C., with an additional office in Nairobi, Kenya, the company offers a range of products including smart meters designed for residential, commercial, and industrial applications. SparkMeter's solutions facilitate prepaid billing, enhance customer communications, and enable remote monitoring and control, thereby improving grid efficiency and asset performance. By integrating their metering technology with software solutions, SparkMeter enables microgrids and distribution utilities to optimize operations, providing reliable electricity access in underserved areas. This approach not only supports the expansion of electricity distribution but also fosters investments in renewable energy and energy efficiency.

SparkMeter

Series A in 2019
SparkMeter, Inc. specializes in electricity metering systems tailored for rural and urban utilities in developing markets. Founded in 2012 and headquartered in Washington, D.C., with an additional office in Nairobi, Kenya, the company offers a range of products including smart meters designed for residential, commercial, and industrial applications. SparkMeter's solutions facilitate prepaid billing, enhance customer communications, and enable remote monitoring and control, thereby improving grid efficiency and asset performance. By integrating their metering technology with software solutions, SparkMeter enables microgrids and distribution utilities to optimize operations, providing reliable electricity access in underserved areas. This approach not only supports the expansion of electricity distribution but also fosters investments in renewable energy and energy efficiency.

LineVision

Series A in 2019
LineVision, Inc. specializes in developing transmission line monitoring systems tailored for utilities. Founded in 2018 and based in Somerville, Massachusetts, the company offers a suite of advanced, non-contact sensors and analytics that enhance transmission line capacity, resilience, and safety. Its monitoring solutions provide utilities with crucial visibility into asset health, enabling optimized asset management without requiring outages or specialized equipment. The system includes features such as dynamic line ratings, secure web interfaces, and comprehensive data analytics, allowing for reliable assessment and profiling of transmission conductors. This innovative approach equips utilities with the tools necessary to improve the performance of the electric power grid.

SparkMeter

Seed Round in 2018
SparkMeter, Inc. specializes in electricity metering systems tailored for rural and urban utilities in developing markets. Founded in 2012 and headquartered in Washington, D.C., with an additional office in Nairobi, Kenya, the company offers a range of products including smart meters designed for residential, commercial, and industrial applications. SparkMeter's solutions facilitate prepaid billing, enhance customer communications, and enable remote monitoring and control, thereby improving grid efficiency and asset performance. By integrating their metering technology with software solutions, SparkMeter enables microgrids and distribution utilities to optimize operations, providing reliable electricity access in underserved areas. This approach not only supports the expansion of electricity distribution but also fosters investments in renewable energy and energy efficiency.

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.

VoltServer

Series A in 2015
VoltServer Inc. specializes in manufacturing and supplying advanced electrical power distribution products, utilizing its patented Digital Electricity technology. This innovative approach allows for the safe delivery of electricity through standard data cables, significantly enhancing cost-effectiveness, speed, and efficiency compared to traditional electrical installations. Founded in 2011 and headquartered in East Greenwich, Rhode Island, with an additional office in Basingstoke, United Kingdom, the company serves various sectors, including telecommunications, data centers, renewable energy, and electric vehicles. VoltServer's solutions are applied in diverse environments, such as large sports stadiums, office buildings, hotels, and medical facilities, effectively powering 4G/LTE mobile services and enabling wireless densification, intelligent building management, and indoor agriculture. The company’s offerings cater to a wide range of customers through strategic partnerships in the industry.

VoltServer

Series A in 2013
VoltServer Inc. specializes in manufacturing and supplying advanced electrical power distribution products, utilizing its patented Digital Electricity technology. This innovative approach allows for the safe delivery of electricity through standard data cables, significantly enhancing cost-effectiveness, speed, and efficiency compared to traditional electrical installations. Founded in 2011 and headquartered in East Greenwich, Rhode Island, with an additional office in Basingstoke, United Kingdom, the company serves various sectors, including telecommunications, data centers, renewable energy, and electric vehicles. VoltServer's solutions are applied in diverse environments, such as large sports stadiums, office buildings, hotels, and medical facilities, effectively powering 4G/LTE mobile services and enabling wireless densification, intelligent building management, and indoor agriculture. The company’s offerings cater to a wide range of customers through strategic partnerships in the industry.

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.

MyEnergy

Series A in 2011
MyEnergy is a personalized platform that assists households across the United States in reducing energy consumption and saving on utility bills. The free service offers users access to energy-saving tips and incentives, enabling them to compare their energy usage with others, set personal goals, and track their progress. Additionally, users can earn rewards for lowering their energy bills. MyEnergy's algorithms analyze utility energy data to provide tailored recommendations, making it an effective tool for promoting energy efficiency. The platform is compatible with numerous utilities nationwide and aims to serve over 90% of the U.S. population.
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