November 22, 2017

November 22, 2017

Subscribe to Latest Legal News and Analysis

November 21, 2017

Subscribe to Latest Legal News and Analysis

November 20, 2017

Subscribe to Latest Legal News and Analysis

Baker-Polito Administration Awards $455,000 in Grants to Clean Energy Innovators

On August 23, the Baker-Polito Administration awarded $455,000 in grants to seven early-stage researchers and companies developing clean energy technologies as part of the Massachusetts Clean Energy Center’s (MassCEC) Catalyst program.

Launched in 2009, MassCEC is a publicly-funded agency focused on increasing the statewide adoption of renewable energy. By accelerating the growth of clean energy companies, supporting municipal clean energy projects, and investing in residential and commercial renewable energy installations, the agency aims to reduce renewable costs and provide financial and environmental benefits to the Commonwealth.

The Catalyst program was launched as a way to stimulate the commercialization of clean energy technologies developed in Massachusetts, awarding individual grants of $65,000 to researchers and companies working to bring their technologies to market. Recipients use the funding to develop prototypes of the technology or toward projects that demonstrate proof of concept. The goal of these initial grants is to help developers demonstrate the feasibility of their technologies in order to obtain increased industry and investor interest.

This most recent group of grant recipients includes researchers from the University of Massachusetts, Boston University, and Tufts University as well as early-stage companies AM Batteries, Building Envelope Materials, Sowlis, and Infinite Cooling. The teams are working on a variety of clean energy projects including innovations to help buildings save on energy use and costs, developments in grid-scale energy storage, improvements in lithium-ion battery technology, and off-grid renewable energy generation for remote areas and developing countries.

Taking these projects from the research stage and helping them transform into commercially viable technologies is the focus of the Catalyst program, which has funded 69 projects with $2.73 million in grants since its inception. The program’s grant recipients have gone on to raise over $100 million in funding, and 4 out of every 5 of the technologies are still being actively developed or commercialized.

©1994-2017 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. All Rights Reserved.

TRENDING LEGAL ANALYSIS


About this Author

Thomas Burton, Tom, Corporate Finance Attorney, Armstrong Teasdale Law Firm
Member

Tom’s practice focuses on complex corporate finance matters including mergers and acquisitions, venture capital, private equity, and securities transactions. He represents high-growth and emerging businesses, including companies in the energy and clean technology, social media and software industries, as well as life science companies, from start-ups to public companies.

In 2004, Tom founded, and currently chairs, the firm’s Energy & Clean Technology Practice, which serves more than 250 clients. Since 2006, the firm’s Energy & Clean Technology Practice has completed more...

(617) 348-3097