Clean Energy Ventures Launches $110M Early-Stage Venture Capital Fund

Clean Energy VenturesClean Energy Ventures (CEV), a Boston, MA-based investor in early-stage advanced energy startups, closed its first fund, at $110m.

Clean Energy Venture Fund targets the current capital gap for seed and early-stage investments in promising advanced energy innovations.

The fund has already made seven investments in sectors that include grid-edge connectivity and advanced metering, innovative materials and manufacturing processes applicable to carbon fiber composites and silicon-based solar wafers, residential and industrial energy efficiency, and smart grid sensors and software. Additional areas of interest include energy storage, grid connectivity, renewable energy production, clean transportation and the water/energy nexus.

Led by principals David S. Miller, Daniel Goldman, and Temple Fennell,  Clean Energy Ventures focuses on early-stage advanced energy technologies and business model innovations that are ready to be scaled and commercialized to mitigate global greenhouse gas emissions.
The firm’s principals – serial entrepreneurs and investors who have backed more than 30 companies in the advanced energy technology sectors – have been investing in, supporting and mentoring early-stage energy startups together since 2005.

CEV’s Strategic Advisory Board is chaired by former United States Secretary of Energy Ernest Moniz and includes Ellen Williams, former Chief Scientist of British Petroleum, and J. Michael McQuade, former Chief Technology Officer of United Technologies.

FinSMEs

16/10/2019

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