Baker-Polito Administration Announces $2.6 Million in Funding to Support Innovative Clean Energy Companies
BOSTON (Aug 24, 2021) –– In an effort to support clean energy innovation and technology development, the Baker-Polito Administration today announced $2,642,039 in funding for twenty-three clean energy companies and researchers within ten cities and towns throughout the Commonwealth. The funding is provided through the Massachusetts Clean Energy Center’s (MassCEC) Catalyst Program, which is jointly administered by MassCEC and MassVentures, and the InnovateMass Program.
“Massachusetts continues to drive decarbonization in both the Commonwealth and nationally through its robust clean energy innovation sector,” said Governor Charlie Baker. “These projects will assist in solving technical barriers, while creating jobs and strengthening local economies throughout the Commonwealth.”
“The technology development programs at MassCEC continue to ensure early-stage ventures have the resources they need to develop their critical technologies so that they can be deployed in the market,” said Lieutenant Governor Karyn Polito. “We are pleased to follow these projects as they progress to benefit both our climate and our economy.”
Since launching in 2010, Catalyst has awarded $7.2 million to 138 new companies and research teams. Past awardees have raised over $244 million in follow-on funding. Additionally, including this latest round, InnovateMass has awarded over $8.5 million in funding for demonstration projects across the Commonwealth since its launch in 2013, leveraging over $10 million in other private and public investments. Past awardees have raised over $107 million in follow-on fundraising.
“The range of technologies supported through these projects speaks to the Commonwealth’s standing as the eipcenter for cutting-edge clean energy innovation in the United States,” said Energy and Environmental Affairs Secretary Kathleen Theoharides. “Massachusetts is a national leader in cleantech development, and this funding will support breakthrough technologies that will help the Commonwealth meet its ambitious climate goals.”
“As Catalyst enters the second decade, these grantees demonstrate the robust deep tech entrepreneurial ecosystem in Massachusetts,” said MassVentures Managing Director Vinit Nijhawan.
“MassCEC is excited to support startups as they bridge difficult commercialization and technical milestones,” said MassCEC CEO Stephen Pike. “Our technology development programs aim to facilitate innovative approaches to decarbonization and ensure the Commonwealth is able to meet the challenges of climate change.”
The companies receiving funding are:
“Access to clean energy solutions is key to fighting climate change,” said Senate President Karen E. Spilka. “Companies like Team Solar in Framingham, which is bringing roof installations to provide low-income homes with solar power, are doing innovative work and contributing to a growing, green economy that benefits all Massachusetts residents.”
“The House is proud to support MassCEC’s programs as Massachusetts works to implement our nation-leading climate laws and reach net-zero carbon emissions by 2050,” said Speaker of the House Ronald J. Mariano. “These grants will help companies and researchers advance their projects, grow our clean energy industry and workforce, and ultimately protect our planet and future generations from climate change.”
“These targeted grants will propel our state's continued leadership in advancing renewable energy technology while building an economy for the future that includes jobs with good compensation and a skilled workforce. Along the way, they will also contribute to reducing our carbon emissions," said Senate Minority Leader Bruce Tarr (R- Gloucester).
“The Baker-Polito Administration understands the many challenges posed by climate change and the importance of preparing Massachusetts to meet those challenges head-on by reducing our carbon footprint,” said House Minority Leader Bradley H. Jones, Jr. (R-North Reading). “These grants will enable the Commonwealth to remain at the forefront of developing and implementing new clean energy technology while also adding jobs to this critical sector of the state’s workforce.”