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Bay State fund targets $50M to support clean energy start-ups

December 14, 2022

The Massachusetts Clean Energy Center (MassCEC) launched a new $50 million fund to support the advancement of clean energy and climate tech by investing in early-stage start-ups.

The 2030 Fund will target firms that are creating highly technical tools that are critical for decarbonization.

MassCEC will focus investments made by the 2030 Fund on Net Zero grid, high-performance buildings, clean transportation, offshore wind, and other high-impact areas. Additionally, the agency plans to make commitments through 2030 on new investments, follow-on investments, and venture debt.

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