MassCEC - Sustainable Energy Economic Development (SEED) Initiative (Massachusetts)
Last modified on May 23, 2011.
Financial Incentive Program
|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|
|Energy Category||Renewable Energy Incentive Programs|
|Terms||Must be a private entity based in Massachusetts that has not received private institutional equity financing; requires a 1:1 cash match|
|Date added to DSIRE||2006-01-05|
|Last DSIRE Review||2011-02-01|
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.