Boston – The Massachusetts Clean Energy Center (MassCEC) announced $200,000 in investments for four early-stage clean energy companies in Cambridge and Somerville as part of AccelerateMass, a program designed to provide funding to Massachusetts-based startup companies that recently graduated from business accelerator programs.
MassCEC awarded a convertible note of $50,000 to each of the following companies:
- Alkemy Environmental (Somerville) is developing a patented technology that recycles industrial waste streams into LEED-accredited concrete aggregate.
- change:WATER Labs (Cambridge) is developing a portable toilet to evaporate more than 95% of daily household sewage onsite, extending safe hygienic sanitation into nonsewered homes and off-line communities.
- Pecos Wind Power (Cambridge) is developing small wind turbines for distributed generation that use a patent-pending tower and installation system to lower costs.
- Solstice Power Technologies (Cambridge) developed a community solar marketplace and customer management software that harnesses the network effects of local Solstice Ambassadors to spread solar to the mainstream.
MassCEC may award an additional $100,000 to each company that reaches specific business milestones including producing prototypes, securing customer orders, hiring key personnel, and raising additional capital.
“The commonwealth’s cleantech industry drives economic activity and job creation across the state while helping critical efforts to improve overall climate resiliency,” said Governor Charlie Baker.