Massachusetts Clean Energy Center

What is Massachusetts Clean Energy Center?

The Massachusetts Clean Energy Center (MassCEC) is a publicly-funded agency that acts as both an accelerator and a venture capital firm to enhance the growth of the clean energy sector in Massachusetts.

Established by the Green Jobs Act of 2008 and founded in 2009, MassCEC supports the advancement of Massachusetts' clean energy industry by providing early-stage investments to startups, funding renewable energy rebates, and fostering workforce development in the clean energy domain.

Located in Boston, Massachusetts, it targets the industries of CleanTech and related environmental sustainability sectors.

Their investment range lies between $40,000 and $10,750,000, catering to early-stage projects and companies in the clean energy space.

Their programs include various types of financial support such as grants, investments, loans, tax credits, and no-cost services across multiple program areas like clean transportation, offshore wind, high-performance buildings, and workforce development with a special focus on environmental justice and diversity, equity, and inclusion (Env.

Justice/DEI).

MassCEC's impact extends to innovative program offerings like the 2030 Fund, Equity Workforce Training Implementation Grants, Offshore Wind Works, and technical assistance for the reduction of carbon footprints in schools and municipalities through the Accelerating Clean Transportation (ACT) School Bus and Mass Fleet Advisor initiatives.

They also feature a presence in offshore wind energy through tax incentives, and the support of projects aiming for a net-zero grid.

The agency places a high emphasis on workforce training, offering grants for climate-critical workforce training, equipment, infrastructure, and the MassCEC ClimateTech Studio, which supports clean energy startups in bringing technologies to market. All these efforts are designed to reinforce Massachusetts's stance as a leader in the clean energy industry while creating jobs and fostering economic development.

What they say:

MassCEC's strategy is to attract and leverage significant private capital investment in Climatech alongside all our investments.

What we look for: We invest in Massachusetts’ brightest climate technology innovators. Our investments support climatetech companies as they de-risk their technology, reach early commercial milestones, and attract growth funding.

How we help: MassCEC acts as a strategic, value-add investor. We seek to be actively involved in our portfolio companies through board or board observer roles in order to bring as much value to the company as possible. As a public agency deeply involved in the cleantech ecosystem, we can also offer a variety of resources to our portfolio companies beyond financial support by leveraging MassCEC’s other various programs and contacts.