MassCEC - Sustainable Energy Economic Development (SEED) Initiative (Massachusetts)

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Summary

Last modified on May 23, 2011.

Financial Incentive Program

Place Massachusetts

Name MassCEC - Sustainable Energy Economic Development (SEED) Initiative
Incentive Type Industry Recruitment/Support
Applicable Sector Commercial, Industrial
Eligible Technologies Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Fuel Cells, Municipal Solid Waste, Anaerobic Digestion, Tidal Energy, Wave Energy, Ocean Thermal, Power inverters, other related equipment
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount Varies







Start Date 2004
Expiration Date 2010






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
Program Administrator MTC
Website http://www.masstech.org/SEED
Date added to DSIRE 2006-01-05
Last DSIRE Review 2011-02-01



References DSIRE[1]


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.


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"