MassCEC - Sustainable Energy Economic Development (SEED) Initiative

July 14, 2021

Summary

This program is no longer available. The Massachusetts Sustainable Energy Economic Development (SEED) Initiative provided financial assistance to support renewable-energy companies in the early stage of development. Applicants are companies that generally have a unique technology but have not yet demonstrated commercial viability to an extent sufficient to attract venture capital. The SEED Initiative was developed by the Massachusetts Technology Collaborative (MTC), the previous administrator of the state's Renewable Energy Trust Fund. Between 2004 and 2010, the Massachusetts Renewable Energy Trust invested almost $5 million in Massachusetts-based renewable energy companies through the SEED Initiative. In 2010, the SEED Initiative ended. Information about past SEED Initiative recipients is available on MTC's web site.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Massachusetts
Incentive Type: Industry Recruitment/Support
Web Site: http://www.masstech.org/SEED
Administrator: MTC
Start Date: 2004
Eligible Renewable/Other Technologies:
  • Solar Thermal Electric
  • Solar Photovoltaics
  • Wind (All)
  • Biomass
  • Hydroelectric
  • Municipal Solid Waste
  • Fuel Cells using Non-Renewable Fuels
  • Landfill Gas
  • Tidal
  • Wave
  • Ocean Thermal
  • Wind (Small)
  • Anaerobic Digestion
  • Fuel Cells using Renewable Fuels
Incentive Amount: Varies
Maximum Incentive: Varies
Terms: Must be a private entity based in Massachusetts that has not received private institutional equity financing; requires a 1:1 cash match

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.