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.

Tibor Toth

Former MD of Investments

Past deals in CleanTech

Transaera

Seed Round in 2022
Transaera is developing a new class of affordable, energy-efficient,environmentally friendly cooling systems.

Takachar

Grant in 2021
Takachar creates a network of waste management enterprises in Kenya that turn unmanaged agricultural residues into charcoal, a low-cost, non-toxic, and eco-friendly cooking fuel for low-income households. They have developed a series of low-cost (US$20), locally manufacturable technologies to enable waste-to-char conversion, which has been tested and refined in Kenya for the past 3 years. Since 2011, They have set up or directly helped 7 nascent and locally run waste-to-charcoal enterprises in Kenya, some of which have since even demonstrated operational profitability and paying customers. So far they have created about 100 jobs and sold 50 tons of eco-char. Moving forward, they are trying to prove the long-term financial viability of these enterprises, which, if successful, will be the basis of a franchise network.

SYSO Technologies

Grant in 2021
SYSO Technologies clean Peak technology for energy storage assets.
UMass Clean Energy Extension provides a resource to reduce market barriers and accelerate the adoption of clean energy for Massachusetts cities and towns, businesses, institutions, farms, low-income and multiunit housing, and others.

Transaera

Grant in 2020
Transaera is developing a new class of affordable, energy-efficient,environmentally friendly cooling systems.

E4TheFuture

Grant in 2020
E4TheFuture promotes residential clean energy and sustainable resource solutions to advance climate protection and economic fairness.

Techstyle Materials

Grant in 2020
Techstyle Materials develops multifunctional construction materials that increase energy efficiency, improve comfort, increase durability, and simplify the construction of buildings. The company was founded in 2018 and is headquartered in Somerville, Massachusetts.

Verdox

Grant in 2020
Verdox is dedicated to reversing climate change through the development and deployment of advanced technology. The company’s proprietary electro-swing process, developed at MIT, enables carbon dioxide and other acid gases to be captured with up to 80% less energy and 70% less cost than conventional approaches.

Verdox

Grant in 2019
Verdox is dedicated to reversing climate change through the development and deployment of advanced technology. The company’s proprietary electro-swing process, developed at MIT, enables carbon dioxide and other acid gases to be captured with up to 80% less energy and 70% less cost than conventional approaches.

Transaera

Grant in 2019
Transaera is developing a new class of affordable, energy-efficient,environmentally friendly cooling systems.

Bending Spoon

Grant in 2019
affordable, open book, and professional coding for cleantech companies

Transaera

Grant in 2018
Transaera is developing a new class of affordable, energy-efficient,environmentally friendly cooling systems.

Takachar

Grant in 2018
Takachar creates a network of waste management enterprises in Kenya that turn unmanaged agricultural residues into charcoal, a low-cost, non-toxic, and eco-friendly cooking fuel for low-income households. They have developed a series of low-cost (US$20), locally manufacturable technologies to enable waste-to-char conversion, which has been tested and refined in Kenya for the past 3 years. Since 2011, They have set up or directly helped 7 nascent and locally run waste-to-charcoal enterprises in Kenya, some of which have since even demonstrated operational profitability and paying customers. So far they have created about 100 jobs and sold 50 tons of eco-char. Moving forward, they are trying to prove the long-term financial viability of these enterprises, which, if successful, will be the basis of a franchise network.

Alkemy Environmental

Convertible Note in 2018
Alkemy Environmental is a cleantech company that offers recycling services to its clients. The company recycles industrial waste streams into concrete aggregate. Its product portfolio consists of expandable lightweight aggregate, ultra lightweight aggregate, and high strength lightweight aggregate. Furthermore, it offers waste management services to its clients. Alkemy Environmental was founded in 2008 by Sofia Bethani and Peter Kombouras and is based in Massachusetts.

Metalmark Innovations

Grant in 2018
Metalmark creates nanostructured materials that destroy submicron scale airborne pollutants and toxins to support healthy indoor air quality. It aims to address the challenges associated with air pollution and climate change. The company's air cleaning technology utilizes catalytic materials to filter the air with nanoscale precision. It was founded in 2017 and is headquartered in Boston, Massachusetts.

MTPV

Grant in 2017
MTPV Power Corporation is a clean energy company that focuses on innovations in Micron-gap ThermalPhotoVoltaics technology (MTPV). MTPV technology began development at MIT and Draper Laboratory before moving to the labs of MTPV Power Corporation. It was founded in 2003 and headquartered in Austin, Texas.

Upstream Tech

Grant in 2016
Upstream Tech conserving freshwater by powering informed water market transactions.

CleanFiber

Grant in 2015
CleanFiber, LLC develops cellulose insulation materials for attics, walls, and floors of residential and commercial new construction and retrofit applications. CleanFiber, LLC was formerly known as UltraCell Insulation, LLC and changed its name to CleanFiber, LLC in September 2018. The company was incorporated in 2013 and is based in Blasdell, New York with additional office in Buffalo, New York.

DropWise Technologies

Grant in 2015
DropWise Technologies specializes in advanced coating solutions designed to enhance efficiency in heat exchange systems, particularly for power plants. Founded in 2014 and based in Cambridge, Massachusetts, the company utilizes a unique vapor-based deposition process developed in collaboration with leading MIT labs. This innovative technology produces ultra-thin, durable coatings that significantly reduce fouling and corrosion, enabling power plants to generate electricity using less coolant water. The coatings are versatile, applicable in various sectors including power generation, desalination, HVAC/R, and chemical refining. By chemically grafting coatings to surfaces with nanometer precision, DropWise addresses the limitations of conventional liquid coatings, which are often too thick and ineffective. Their products not only improve heat transfer rates—up to seven times greater—but also provide protection against harsh environments, making them suitable for a wide range of industrial applications.

7AC Technologies

Grant in 2015
7AC Technologies Inc., based in Beverly, Massachusetts, specializes in innovative HVAC solutions using its advanced membrane-isolated plastic plate technology. This technology supports the development of ultra-efficient liquid desiccant systems designed for commercial and industrial buildings. By utilizing this approach, 7AC Technologies aims to significantly reduce energy costs, achieving a reduction of over 50% compared to traditional HVAC systems. Originally founded as 7Solar Technologies, Inc. in 2009, the company rebranded in 2011 and is currently a subsidiary of Emerson Electric Co.

DropWise Technologies

Grant in 2015
DropWise Technologies specializes in advanced coating solutions designed to enhance efficiency in heat exchange systems, particularly for power plants. Founded in 2014 and based in Cambridge, Massachusetts, the company utilizes a unique vapor-based deposition process developed in collaboration with leading MIT labs. This innovative technology produces ultra-thin, durable coatings that significantly reduce fouling and corrosion, enabling power plants to generate electricity using less coolant water. The coatings are versatile, applicable in various sectors including power generation, desalination, HVAC/R, and chemical refining. By chemically grafting coatings to surfaces with nanometer precision, DropWise addresses the limitations of conventional liquid coatings, which are often too thick and ineffective. Their products not only improve heat transfer rates—up to seven times greater—but also provide protection against harsh environments, making them suitable for a wide range of industrial applications.

Xilectric

Grant in 2015
Xilectric develops energy and environmental technologies with a focus on Li-ion technology.

DropWise Technologies

Grant in 2014
DropWise Technologies specializes in advanced coating solutions designed to enhance efficiency in heat exchange systems, particularly for power plants. Founded in 2014 and based in Cambridge, Massachusetts, the company utilizes a unique vapor-based deposition process developed in collaboration with leading MIT labs. This innovative technology produces ultra-thin, durable coatings that significantly reduce fouling and corrosion, enabling power plants to generate electricity using less coolant water. The coatings are versatile, applicable in various sectors including power generation, desalination, HVAC/R, and chemical refining. By chemically grafting coatings to surfaces with nanometer precision, DropWise addresses the limitations of conventional liquid coatings, which are often too thick and ineffective. Their products not only improve heat transfer rates—up to seven times greater—but also provide protection against harsh environments, making them suitable for a wide range of industrial applications.

CleanFiber

Grant in 2014
CleanFiber, LLC develops cellulose insulation materials for attics, walls, and floors of residential and commercial new construction and retrofit applications. CleanFiber, LLC was formerly known as UltraCell Insulation, LLC and changed its name to CleanFiber, LLC in September 2018. The company was incorporated in 2013 and is based in Blasdell, New York with additional office in Buffalo, New York.

Takachar

Grant in 2012
Takachar creates a network of waste management enterprises in Kenya that turn unmanaged agricultural residues into charcoal, a low-cost, non-toxic, and eco-friendly cooking fuel for low-income households. They have developed a series of low-cost (US$20), locally manufacturable technologies to enable waste-to-char conversion, which has been tested and refined in Kenya for the past 3 years. Since 2011, They have set up or directly helped 7 nascent and locally run waste-to-charcoal enterprises in Kenya, some of which have since even demonstrated operational profitability and paying customers. So far they have created about 100 jobs and sold 50 tons of eco-char. Moving forward, they are trying to prove the long-term financial viability of these enterprises, which, if successful, will be the basis of a franchise network.

7AC Technologies

Venture Round in 2012
7AC Technologies Inc., based in Beverly, Massachusetts, specializes in innovative HVAC solutions using its advanced membrane-isolated plastic plate technology. This technology supports the development of ultra-efficient liquid desiccant systems designed for commercial and industrial buildings. By utilizing this approach, 7AC Technologies aims to significantly reduce energy costs, achieving a reduction of over 50% compared to traditional HVAC systems. Originally founded as 7Solar Technologies, Inc. in 2009, the company rebranded in 2011 and is currently a subsidiary of Emerson Electric Co.