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Massachusetts Clean Energy Center
Massachusetts Clean Energy Center is a asset manager based in Boston, founded 2009; the Altss profile covers its classification, headquarters, registration,...
Massachusetts Clean Energy Center
MassCEC is Massachusetts' state economic development agency accelerating the clean energy sector to spur job creation and economic growth.
General information
Firm type
Generalist
Year founded
2009
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Boston
Corporate office
Boston, MA, United States
Principals
Ben Downing
CEO
Rebecca Tepper
Chair of the Board of Directors; Secretary of Energy and Environmental Affairs
Altss tracks 2 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Massachusetts Clean Energy Center?
CEO Ben Downing oversees the agency's operations and program deployment. The Board of Directors, chaired by Secretary of Energy and Environmental Affairs Rebecca Tepper, provides governance and strategic oversight. Specific investment committee members are not publicly named.
How does MassCEC source its deal flow?
MassCEC operates as a clearinghouse and support center for the state's clean energy technology sector, partnering with research universities, technology incubators such as Greentown Labs, and business accelerators. It uses these relationships to identify early-stage companies and technology development opportunities across Massachusetts.
Does MassCEC operate like a venture capital firm?
No, MassCEC is a quasi-public economic development agency that deploys capital through grants, financing for early-stage companies, and direct ownership of strategic infrastructure assets. It does not raise outside funds or operate with a traditional venture capital return profile.
What types of assets does MassCEC own beyond venture investments?
MassCEC holds several industrial properties: the Wind Technology Testing Center in Charlestown, the New Bedford Marine Commerce Terminal, the Salem Offshore Wind Terminal, and waterfront parcels in New Bedford. It also carries inventory of Renewable Energy Certificates and Clean Peak Energy Certificates.
Where does MassCEC's funding come from?
The agency is funded through the Massachusetts Renewable Energy Trust Fund, which collects a systems benefit charge of approximately 30 cents per month from residential ratepayers of investor-owned electric utilities and six participating municipal electric departments in the state. No private LP capital or federal appropriation sustains day-to-day operations.
What investment stages does MassCEC target?
MassCEC's programs cover early-stage seed and startup financing as well as growth-stage support. It also funds pilots for building and transportation decarbonization and investments in workforce training — a mix that spans company formation through commercial scaling.
Is MassCEC a single-family office or a multi-family office?
Neither. MassCEC is a quasi-public state agency governed by a board of Commonwealth officials and external members. It is not organized as a private family office and does not manage personal wealth.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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