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href=\"https:\/\/reports.masscec.com\/2024\/executive-summary\/#about\" data-type=\"page\" data-id=\"5454\">About MassCEC<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-e160ad5\" class=\"gspb_text gspb_text-id-gsbp-e160ad5 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/executive-summary\/#note-from-the-ceo\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/report-overview\/#note-from-the-ceo\">Note From The CEO<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-6834fd9\" class=\"gspb_text gspb_text-id-gsbp-6834fd9 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/executive-summary\/#highlights\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/report-overview\/#note-from-the-ceo\">Industry Highlights <\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-64df035\" class=\"gspb_text gspb_text-id-gsbp-64df035 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/executive-summary\/#leader\" data-type=\"page\" data-id=\"5454\">Massachusetts Is A\u00a0Leader<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-98a45bf\" class=\"gspb_text gspb_text-id-gsbp-98a45bf navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/executive-summary\/#climate-goals\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/report-overview\/#climate-goals\">Massachusetts Climate\u00a0Goals<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-91c7a46\" class=\"gspb_text gspb_text-id-gsbp-91c7a46 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/wp-content\/uploads\/sites\/5\/2025\/06\/MassCEC_Industry_Report_2024.pdf\"\n   target=\"_blank\"\n   rel=\"noopener noreferrer\">\n  Download a PDF of the 2024 Industry Report\n<\/a><\/div>\n<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-c4ce19b nav-box-wrap-desktop hover-container\" id=\"gspb_container-id-gsbp-c4ce19b\">\n<div class=\"gspb_button_wrapper gspb_button-id-gsbp-761579a\" id=\"gspb_button-id-gsbp-761579a\" data-paneltype=\"block\"><a class=\"wp-block-greenshift-blocks-buttonbox gspb-buttonbox wp-element-button  dropdown-panel desktop-main-nav nav-drop-down-box\" href=\"#popup\" title=\"https:\/\/reports.masscec.com\/2024\/jobs-and-businesses\/\" rel=\"noopener\"><span class=\"gspb-buttonbox-textwrap\"><span class=\"gspb-buttonbox-text\"><span class=\"gspb-buttonbox-title\">Jobs &#038; Businesses<\/span><\/span><\/span><\/a><div data-panelid=\"gspb_button-id-gsbp-761579a\" aria-hidden=\"true\"  class=\"gspb_slidingPanel\" data-hover=\"true\"><div class=\"gspb_slidingPanel-wrap\"><div class=\"gspb_slidingPanel-inner\">\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-e626ecd nav-dropdown-text\" id=\"gspb_container-id-gsbp-e626ecd\">\n<div id=\"gspb_text-id-gsbp-0f95bfa\" class=\"gspb_text gspb_text-id-gsbp-0f95bfa navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/jobs-and-businesses\/\">Jobs &#038; Businesses<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-546d592\" class=\"gspb_text gspb_text-id-gsbp-546d592 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/jobs-and-businesses\/#jobs\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/jobs-and-businesses\/#jobs\">Jobs<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-6478ff5\" class=\"gspb_text gspb_text-id-gsbp-6478ff5 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/jobs-and-businesses\/#businesses\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/jobs-and-businesses\/#businesses\">Businesses<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-55ca339\" class=\"gspb_text gspb_text-id-gsbp-55ca339 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/jobs-and-businesses\/#workers-and-wages\">Workers and Wages<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-c538040\" class=\"gspb_text gspb_text-id-gsbp-c538040 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/jobs-and-businesses\/#regional-and-state-numbers\">Regional and State Numbers<\/a><\/div>\n<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-425867f nav-box-wrap-desktop hover-container\" id=\"gspb_container-id-gsbp-425867f\">\n<div class=\"gspb_button_wrapper gspb_button-id-gsbp-0c98dc9\" id=\"gspb_button-id-gsbp-0c98dc9\" data-paneltype=\"block\"><a class=\"wp-block-greenshift-blocks-buttonbox gspb-buttonbox wp-element-button  dropdown-panel desktop-main-nav nav-drop-down-box\" href=\"#popup\" title=\"https:\/\/reports.masscec.com\/2024\/economic-impact\/\" rel=\"noopener\"><span class=\"gspb-buttonbox-textwrap\"><span class=\"gspb-buttonbox-text\"><span class=\"gspb-buttonbox-title\">Economic Impact<\/span><\/span><\/span><\/a><div data-panelid=\"gspb_button-id-gsbp-0c98dc9\" aria-hidden=\"true\"  class=\"gspb_slidingPanel\" data-hover=\"true\"><div class=\"gspb_slidingPanel-wrap\"><div class=\"gspb_slidingPanel-inner\">\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-7ef3aef nav-dropdown-text\" id=\"gspb_container-id-gsbp-7ef3aef\">\n<div id=\"gspb_text-id-gsbp-017cd00\" class=\"gspb_text gspb_text-id-gsbp-017cd00 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/economic-impact\/\">Economic Impact<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-2155b3f\" class=\"gspb_text gspb_text-id-gsbp-2155b3f navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/economic-impact\/#gross-state-product\">Gross State Product<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-bbaa5d9\" class=\"gspb_text gspb_text-id-gsbp-bbaa5d9 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/economic-impact\/#economic-contribution\">Economic Contribution<\/a><\/div>\n<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-5e84602 nav-box-wrap-desktop hover-container\" id=\"gspb_container-id-gsbp-5e84602\">\n<div class=\"gspb_button_wrapper gspb_button-id-gsbp-366ae3e\" id=\"gspb_button-id-gsbp-366ae3e\" data-paneltype=\"block\"><a class=\"wp-block-greenshift-blocks-buttonbox gspb-buttonbox wp-element-button  dropdown-panel desktop-main-nav nav-drop-down-box\" href=\"#popup\" title=\"https:\/\/reports.masscec.com\/2024\/emerging-climatetech\" rel=\"noopener\"><span class=\"gspb-buttonbox-textwrap\"><span class=\"gspb-buttonbox-text\"><span class=\"gspb-buttonbox-title\">Emerging Climatetech<\/span><\/span><\/span><\/a><div data-panelid=\"gspb_button-id-gsbp-366ae3e\" aria-hidden=\"true\"  class=\"gspb_slidingPanel\" data-hover=\"true\"><div class=\"gspb_slidingPanel-wrap\"><div class=\"gspb_slidingPanel-inner\">\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-36eaf24 nav-dropdown-text\" id=\"gspb_container-id-gsbp-36eaf24\">\n<div id=\"gspb_text-id-gsbp-5d425e5\" class=\"gspb_text gspb_text-id-gsbp-5d425e5 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/emerging-climatetech\/\">Emerging Climatetech<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-5507099\" class=\"gspb_text gspb_text-id-gsbp-5507099 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/emerging-climatetech\/#investments\">Emerging Climatetech Investments<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-c7b59db\" class=\"gspb_text gspb_text-id-gsbp-c7b59db navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/emerging-climatetech\/#emerging-climatetech-grants\">Clean Energy and Climatetech Grants<\/a><\/div>\n<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-72009a0 nav-box-wrap-desktop hover-container\" id=\"gspb_container-id-gsbp-72009a0\">\n<div class=\"gspb_button_wrapper gspb_button-id-gsbp-10b56c8\" id=\"gspb_button-id-gsbp-10b56c8\" data-paneltype=\"block\"><a class=\"wp-block-greenshift-blocks-buttonbox gspb-buttonbox wp-element-button  dropdown-panel desktop-main-nav nav-drop-down-box\" href=\"#popup\" title=\"https:\/\/reports.masscec.com\/2024\/2024-masscec-spotlight\/\" rel=\"noopener\"><span class=\"gspb-buttonbox-textwrap\"><span class=\"gspb-buttonbox-text\"><span class=\"gspb-buttonbox-title\">MassCEC Spotlights<\/span><\/span><\/span><\/a><div data-panelid=\"gspb_button-id-gsbp-10b56c8\" aria-hidden=\"true\"  class=\"gspb_slidingPanel\" data-hover=\"true\"><div class=\"gspb_slidingPanel-wrap\"><div class=\"gspb_slidingPanel-inner\">\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-58436c4 nav-dropdown-text\" id=\"gspb_container-id-gsbp-58436c4\">\n<div id=\"gspb_text-id-gsbp-06ea7f6\" class=\"gspb_text gspb_text-id-gsbp-06ea7f6 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/\">Massachusetts Leadership In Offshore Wind<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-0751c72\" class=\"gspb_text gspb_text-id-gsbp-0751c72 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#modernizing-the-grid\">Modernizing the Grid<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-1bd79c6\" class=\"gspb_text gspb_text-id-gsbp-1bd79c6 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#decarbonizing-homes\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlight\/#decarbonizing-homes\">Decarbonizing Homes<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-52a7940\" class=\"gspb_text gspb_text-id-gsbp-52a7940 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#electrifying-school-buses\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlight\/#electrifying-school-buses\">Electrifying School Buses<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-ded07c7\" class=\"gspb_text gspb_text-id-gsbp-ded07c7 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#offshore-wind-workforce\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#offshore-wind-workforce\">Offshore Wind Workforce<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-a97229f\" class=\"gspb_text gspb_text-id-gsbp-a97229f navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#regional-wind-leadership\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlight\/#workforce-development\">Regional Offshore Wind Leadership<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-cae01d9\" class=\"gspb_text gspb_text-id-gsbp-cae01d9 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#empowering-mass\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlight\/#workforce-development\">Empowering Mass Communities<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-0606cc6\" class=\"gspb_text gspb_text-id-gsbp-0606cc6 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#workforce-development\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlight\/#workforce-development\">MassCEC Workforce Development<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-68023f1\" class=\"gspb_text gspb_text-id-gsbp-68023f1 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#2030-fund\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#2030-fund\">MassCEC 2030 Fund<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-7a6bf7a\" class=\"gspb_text gspb_text-id-gsbp-7a6bf7a navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#accelerating-tech\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#accelerating-tech\">Accelerating Technology to Market<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-d2664c2\" class=\"gspb_text gspb_text-id-gsbp-d2664c2 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#emerging-climatetech-leaders\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#emerging-climatetech-leaders\">Emerging Climatetech Leaders<\/a><\/div>\n<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-bdfaa1c nav-box-wrap-desktop hover-container\" id=\"gspb_container-id-gsbp-bdfaa1c\">\n<div class=\"gspb_button_wrapper gspb_button-id-gsbp-0a28849\" id=\"gspb_button-id-gsbp-0a28849\" data-paneltype=\"block\"><a class=\"wp-block-greenshift-blocks-buttonbox gspb-buttonbox wp-element-button  dropdown-panel desktop-main-nav nav-drop-down-box\" href=\"#popup\" title=\"https:\/\/reports.masscec.com\/2024\/methodology-glossary\/\" rel=\"noopener\"><span class=\"gspb-buttonbox-textwrap\"><span class=\"gspb-buttonbox-text\"><span class=\"gspb-buttonbox-title\">Methodology &#038; Glossary<\/span><\/span><\/span><\/a><div data-panelid=\"gspb_button-id-gsbp-0a28849\" aria-hidden=\"true\"  class=\"gspb_slidingPanel\" data-hover=\"true\"><div class=\"gspb_slidingPanel-wrap\"><div class=\"gspb_slidingPanel-inner\">\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-54fac29\" id=\"gspb_container-id-gsbp-54fac29\">\n<div id=\"gspb_text-id-gsbp-d85b293\" class=\"gspb_text gspb_text-id-gsbp-d85b293 navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/methodology-and-glossary\/\">Methodology<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-lightborder-color has-alpha-channel-opacity has-lightborder-background-color has-background is-style-default\" style=\"margin-top:10px;margin-bottom:10px\"\/>\n\n\n\n<div id=\"gspb_text-id-gsbp-97e871c\" class=\"gspb_text gspb_text-id-gsbp-97e871c navbar-desktop-anchor-link\"><a href=\"https:\/\/reports.masscec.com\/2024\/methodology-and-glossary\/#glossary\">Glossary<\/a><\/div>\n<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/nav>\n<\/div>\n<\/nav>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-b707618 nav-space-section\" id=\"gspb_container-id-gsbp-b707618\"><\/div>\n\n\n\n<section class=\"wp-block-greenshift-blocks-row alignfull gspb_row gspb_row-id-gsbp-b906867\" id=\"gspb_row-id-gsbp-b906867\"><div class=\"gspb_backgroundOverlay\"><\/div><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-b605f18\" id=\"gspb_col-id-gsbp-b605f18\">\n<h1 id=\"gspb_heading-id-gsbp-2de6ef5\" class=\"white-text gspb_heading gspb_heading-id-gsbp-2de6ef5 \">Emerging Climatetech<\/h1>\n\n\n\n<div id=\"gspb_text-id-gsbp-251937d\" class=\"gspb_text gspb_text-id-gsbp-251937d caption-text-white\">Photo courtesy of Osmoses in Cambridge, MA<\/div>\n<\/div>\n <\/div><\/section>\n\n\n\n<section class=\"wp-block-greenshift-blocks-row alignfull gspb_row gspb_row-id-gsbp-3d1b220 orange-section\" id=\"gspb_row-id-gsbp-3d1b220\"><div id=\"climatetech-transition\"><\/div><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-28d3c73\" id=\"gspb_col-id-gsbp-28d3c73\">\n<div style=\"height:44px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-a1c0b6d\" id=\"gspb_row-id-gsbp-a1c0b6d\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-2167b36\" id=\"gspb_col-id-gsbp-2167b36\">\n<h2 id=\"gspb_heading-id-gsbp-1378e42\" class=\"no-margin text-primary-blue gspb_heading gspb_heading-id-gsbp-1378e42 \">Climatetech: An Economic Opportunity For Massachusetts<\/h2>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"gspb_text-id-gsbp-2871b9f\" class=\"gspb_text gspb_text-id-gsbp-2871b9f sub-text-2\"><br>Massachusetts is committed to taking a robust approach to addressing the challenges of climate change. \u201cClimatetech\u201d encompasses innovative technological solutions that mitigate the impacts of climate change, help communities adapt, and build resilience in systems and infrastructure.\u00a0<br><br>In 2024, Governor Healey passed the Mass Leads Act, which unlocked funding for MassCEC to support climatetech companies and offshore wind economic development over the next ten years. Additionally, it formally established the climatetech definition within state law and expanded MassCEC\u2019s scope of work beyond clean energy.\u00a0<\/div>\n<\/div>\n <\/div><\/div>\n\n\n\n<div style=\"height:70px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-6cc9ce7\" id=\"gspb_row-id-gsbp-6cc9ce7\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-18b1e8b section-box-head-lightblue\" id=\"gspb_col-id-gsbp-18b1e8b\">\n<h2 id=\"gspb_heading-id-gsbp-51ab46a\" class=\"text-primary-blue no-margin gspb_heading gspb_heading-id-gsbp-51ab46a \">Mitigation<\/h2>\n\n\n\n<h3 id=\"gspb_heading-id-gsbp-a020ee3\" class=\"text-primary-blue no-margin gspb_heading gspb_heading-id-gsbp-a020ee3 \">Capture or reduce greenhouse gas (GHG) emissions<\/h3>\n<\/div>\n <\/div><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-290e7c5\" id=\"gspb_row-id-gsbp-290e7c5\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--4 gspb_row__col--md-6 gspb_col-id-gsbp-b0e3754\" id=\"gspb_col-id-gsbp-b0e3754\">\n<h4 id=\"gspb_heading-id-gsbp-50c8f89\" class=\"no-margin text-primary-blue gspb_heading gspb_heading-id-gsbp-50c8f89 \">Energy<\/h4>\n\n\n\n<div id=\"gspb_text-id-gsbp-3083f66\" class=\"gspb_text gspb_text-id-gsbp-3083f66 sub-text-2\">Increasing renewable energy generation (e.g., offshore wind), improving energy efficiency, and modernizing the grid, leveraging batteries and energy efficiency, modernizing the grid, and leveraging batteries and energy storage technology.<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--4 gspb_row__col--md-6 gspb_col-id-gsbp-6f101df\" id=\"gspb_col-id-gsbp-6f101df\">\n<h4 id=\"gspb_heading-id-gsbp-c964c22\" class=\"no-margin text-primary-blue gspb_heading gspb_heading-id-gsbp-c964c22 \">Transportation<\/h4>\n\n\n\n<div id=\"gspb_text-id-gsbp-1178771\" class=\"gspb_text gspb_text-id-gsbp-1178771 sub-text-2\">Transitioning to zero-emission vehicles <br>(e.g., electric vehicles), enhancing public transit, and promoting alternative fuel options.<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--4 gspb_row__col--md-6 gspb_col-id-gsbp-a3f0143\" id=\"gspb_col-id-gsbp-a3f0143\">\n<h4 id=\"gspb_heading-id-gsbp-82a32b1\" class=\"no-margin text-primary-blue gspb_heading gspb_heading-id-gsbp-82a32b1 \">Buildings<\/h4>\n\n\n\n<div id=\"gspb_text-id-gsbp-211f938\" class=\"gspb_text gspb_text-id-gsbp-211f938 sub-text-2\">We help new climate-focused businesses grow faster by backing a vibrant community of researchers, startups, and established industry players &#8211; creating an ecosystem where they connect and\u00a0thrive.<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--4 gspb_row__col--md-6 gspb_col-id-gsbp-347d200\" id=\"gspb_col-id-gsbp-347d200\">\n<h4 id=\"gspb_heading-id-gsbp-4f8594d\" class=\"no-margin text-primary-blue gspb_heading gspb_heading-id-gsbp-4f8594d \">Industry and Manufacturing\u00a0<\/h4>\n\n\n\n<div id=\"gspb_text-id-gsbp-e838001\" class=\"gspb_text gspb_text-id-gsbp-e838001 sub-text-2\">Adopting carbon-reducing technologies and processes, and implementing sustainable production practices through a circular economy.<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--4 gspb_row__col--md-6 gspb_col-id-gsbp-cb6fb7f\" id=\"gspb_col-id-gsbp-cb6fb7f\">\n<h4 id=\"gspb_heading-id-gsbp-00db52f\" class=\"no-margin text-primary-blue gspb_heading gspb_heading-id-gsbp-00db52f \">Agriculture, Food,\u00a0and Nature<\/h4>\n\n\n\n<div id=\"gspb_text-id-gsbp-35be2b8\" class=\"gspb_text gspb_text-id-gsbp-35be2b8 sub-text-2\">Adopting sustainable farming and forest management practices, developing alternative proteins, and leveraging <br>nature-based solutions.<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--4 gspb_row__col--md-6 gspb_col-id-gsbp-49f6b25\" id=\"gspb_col-id-gsbp-49f6b25\">\n<h4 id=\"gspb_heading-id-gsbp-68fd7ca\" class=\"no-margin text-primary-blue gspb_heading gspb_heading-id-gsbp-68fd7ca \">Carbon Management<\/h4>\n\n\n\n<div id=\"gspb_text-id-gsbp-49682e5\" class=\"gspb_text gspb_text-id-gsbp-49682e5 sub-text-2\">Developing and deploying carbon removal technologies including bioenergy with carbon capture, direct air capture, and blue carbon technology.<\/div>\n<\/div>\n <\/div><\/div>\n\n\n\n<div style=\"height:70px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-1fb56d9\" id=\"gspb_row-id-gsbp-1fb56d9\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-019aec8 section-box-head-lightgreen\" id=\"gspb_col-id-gsbp-019aec8\">\n<h2 id=\"gspb_heading-id-gsbp-ecb50da\" class=\"text-primary-blue no-margin gspb_heading gspb_heading-id-gsbp-ecb50da \">Adaptation and Resilience<\/h2>\n\n\n\n<h3 id=\"gspb_heading-id-gsbp-20b144e\" class=\"text-primary-blue no-margin gspb_heading gspb_heading-id-gsbp-20b144e \">Prepare for and respond to the\u00a0impact of climate change\u00a0<\/h3>\n<\/div>\n <\/div><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-d589fff\" id=\"gspb_row-id-gsbp-d589fff\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-9d126fd\" id=\"gspb_col-id-gsbp-9d126fd\">\n<div style=\"height:27px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 id=\"gspb_heading-id-gsbp-b9e9d58\" class=\"no-margin text-primary-blue gspb_heading gspb_heading-id-gsbp-b9e9d58 \">Adaptation and Resilience<strong>\u00a0<\/strong><\/h4>\n\n\n\n<div id=\"gspb_text-id-gsbp-eed27d4\" class=\"gspb_text gspb_text-id-gsbp-eed27d4 sub-text-2\">Implementing climate-smart planning, strengthening infrastructure, and promoting nature-based solutions to reduce vulnerability to climate change with a focus on equity.<\/div>\n<\/div>\n <\/div><\/div>\n\n\n\n<div style=\"height:70px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-becbd07 orange-dotted-border\" id=\"gspb_row-id-gsbp-becbd07\"><div id=\"breakthrough-tech\"><\/div><div class=\"gspb_row__content\">  <\/div><\/div>\n\n\n\n<div style=\"height:70px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-85ec27f\" id=\"gspb_row-id-gsbp-85ec27f\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-3b7882d\" id=\"gspb_col-id-gsbp-3b7882d\">\n<h2 id=\"gspb_heading-id-gsbp-d200c82\" class=\"text-primary-blue no-margin gspb_heading gspb_heading-id-gsbp-d200c82 \">Breakthrough Technologies\u00a0<\/h2>\n\n\n\n<div id=\"gspb_text-id-gsbp-fe22299\" class=\"gspb_text gspb_text-id-gsbp-fe22299 sub-text-2\"><br>Climatetech advancements will play a crucial role in Massachusetts reducing its greenhouse gas (GHG) emissions from ~64 million metric tons of carbon dioxide equivalent to its net zero GHG emissions goal by\u00a02050.<a href=\"#1-2\" data-type=\"internal\" data-id=\"#1-2\"><strong><sup>1<\/sup><\/strong><\/a> On a global scale, about 34% of emissions reductions will come from technologies that are not yet commercially available.<a href=\"#1-2\" data-type=\"internal\" data-id=\"#1-2\"><strong><sup>2<\/sup><\/strong><\/a> MassCEC\u2019s support of emerging climatetech will be critical to help bridge this market gap while creating increased economic opportunities within the Commonwealth.<\/div>\n<\/div>\n <\/div><\/div>\n\n\n\n<div style=\"height:19px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-91ff2fe\" id=\"gspb_row-id-gsbp-91ff2fe\"><div id=\"awards\"><\/div><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--3 gspb_row__col--md-12 gspb_col-id-gsbp-c0be0f1\" id=\"gspb_col-id-gsbp-c0be0f1\">\n<h3 id=\"gspb_heading-id-gsbp-c662b35\" class=\"text-primary-blue no-margin gspb_heading gspb_heading-id-gsbp-c662b35 \">Stage Of Development for Technology Required To Reach Global 2050 Net Zero Goals&nbsp;(2024)<\/h3>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--9 gspb_row__col--md-12 gspb_col-id-gsbp-1fec6fa\" id=\"gspb_col-id-gsbp-1fec6fa\">\n<div class=\"wp-block-greenshift-blocks-image gspb_image gspb_image-id-gsbp-7597517\" id=\"gspb_image-id-gsbp-7597517\"><img decoding=\"async\" src=\"https:\/\/reports.masscec.com\/2024\/wp-content\/uploads\/sites\/5\/2025\/04\/2024-Net-Zero-Development-Stages_Chart.jpg\" data-src=\"\" alt=\"\" loading=\"lazy\" width=\"1059\" height=\"652\"\/><\/div>\n<\/div>\n <\/div><\/div>\n<\/div>\n <\/div><\/section>\n\n\n\n<div class=\"nav-space-section\" id=\"investments\"><\/div>\n\n\n\n<section class=\"wp-block-greenshift-blocks-row alignfull gspb_row gspb_row-id-gsbp-c26ebae orange-section\" id=\"gspb_row-id-gsbp-c26ebae\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-b5a70cd\" id=\"gspb_col-id-gsbp-b5a70cd\">\n<div><\/div>\n\n\n\n<div style=\"height:70px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-26073da orange-dotted-border\" id=\"gspb_row-id-gsbp-26073da\"><div class=\"gspb_row__content\">  <\/div><\/div>\n\n\n\n<div style=\"height:51px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-02766a6\" id=\"gspb_row-id-gsbp-02766a6\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-677fa5b\" id=\"gspb_col-id-gsbp-677fa5b\">\n<h2 id=\"gspb_heading-id-gsbp-6009397\" class=\"text-primary-blue no-margin gspb_heading gspb_heading-id-gsbp-6009397 \">Emerging Climatetech Investments\u00a0<\/h2>\n\n\n\n<div id=\"gspb_text-id-gsbp-c451615\" class=\"gspb_text gspb_text-id-gsbp-c451615 sub-text-2\">A robust innovation network is a key driver of the Massachusetts clean energy industry. Innovation support can take numerous forms, including ecosystem support, grants, and direct company investments.<\/div>\n<\/div>\n <\/div><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-4438796\" id=\"gspb_row-id-gsbp-4438796\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-40d08b5\" id=\"gspb_col-id-gsbp-40d08b5\">\n<h3 id=\"gspb_heading-id-gsbp-fa74a02\" class=\"text-primary-blue no-margin gspb_heading gspb_heading-id-gsbp-fa74a02 \">Investments in clean energy companies can be divided into three stages:<\/h3>\n\n\n\n<div id=\"gspb_text-id-gsbp-630cfad\" class=\"gspb_text gspb_text-id-gsbp-630cfad sub-text-2\"><strong>STAGE I:<\/strong> Research &amp; Prototyping \u2013 Companies at the ideation, theoretical research, and prototype development stage.<br><br><strong>STAGE II:<\/strong> Demonstration &amp; Acceleration \u2013 Companies at the product testing, system evaluation, and market research stage.<br><br><strong>STAGE III:<\/strong> Commercialization &amp; Growth \u2013 Companies that are expanding manufacturing capacity and identifying early-stage customers.<br><br>There has been a decline in clean energy and climatetech venture capital deal activity in Massachusetts following its peak in 2021, reflecting broader venture capital market trends. There\u00a0are signs of an investor retreat, both\u00a0from risky early-stage ventures as well as deals in more established companies. At the earliest stage, lower deal count has led to a notable decline\u00a0in total investment:\u00a02023&#8217;s Stage I deals\u00a0had the lowest total dollars invested since 2016.\u00a0<\/div>\n<\/div>\n <\/div><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-83af578\" id=\"gspb_row-id-gsbp-83af578\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-9a977cc\" id=\"gspb_col-id-gsbp-9a977cc\">\n<h3 id=\"gspb_heading-id-gsbp-599aa4a\" class=\"text-primary-blue gspb_heading gspb_heading-id-gsbp-599aa4a \">Total Investments in Massachusetts Clean Energy and Climatetech Companies (Millions)<a href=\"#3\" data-type=\"internal\" data-id=\"#3\"><sup><strong>3<\/strong><\/sup><\/a><\/h3>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-8903152\" id=\"gspb_col-id-gsbp-8903152\">\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/20213713\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/public.flourish.studio\/visualisation\/20213713\/thumbnail\" width=\"100%\" alt=\"chart visualization\" \/><\/noscript><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-f9474cc new-callout-box-lightblue\" id=\"gspb_col-id-gsbp-f9474cc\">\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-81c7045\" id=\"gspb_row-id-gsbp-81c7045\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--4 gspb_col-id-gsbp-6e10fc0\" id=\"gspb_col-id-gsbp-6e10fc0\">\n<div id=\"gspb_text-id-gsbp-72df8c8\" class=\"gspb_text gspb_text-id-gsbp-72df8c8 metric-1 no-margin text-primary-blue\">$3.4B<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--8 gspb_col-id-gsbp-a88c081\" id=\"gspb_col-id-gsbp-a88c081\">\n<h3 id=\"gspb_heading-id-gsbp-3db8687\" class=\"no-margin text-primary-blue gspb_heading gspb_heading-id-gsbp-3db8687 \">Was invested across all three stages in early-stage Massachusetts climatetech companies in 2023.\u00a0<\/h3>\n<\/div>\n <\/div><\/div>\n<\/div>\n <\/div><\/div>\n<\/div>\n <\/div><\/section>\n\n\n\n<div class=\"nav-space-section\" id=\"emerging-climatetech-grants\"><\/div>\n\n\n\n<section class=\"wp-block-greenshift-blocks-row alignfull gspb_row gspb_row-id-gsbp-3605385 blue-green-gradient-bg yellow-section\" id=\"gspb_row-id-gsbp-3605385\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-1e55110\" id=\"gspb_col-id-gsbp-1e55110\">\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-3ac5bf1\" id=\"gspb_row-id-gsbp-3ac5bf1\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--6 gspb_col-id-gsbp-413aaea\" id=\"gspb_col-id-gsbp-413aaea\">\n<h4 id=\"gspb_heading-id-gsbp-dd5d86a\" class=\"no-margin gspb_heading gspb_heading-id-gsbp-dd5d86a \"><strong>MassCEC SPOTLIGHT<\/strong><\/h4>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 id=\"gspb_heading-id-gsbp-1d3dcd6\" class=\"no-margin gspb_heading gspb_heading-id-gsbp-1d3dcd6 \">MassCEC\u2019s 2030 Fund<\/h2>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 id=\"gspb_heading-id-gsbp-8a9378d\" class=\"no-margin yellow-section gspb_heading gspb_heading-id-gsbp-8a9378d \">MassCEC launched the <strong>$50M 2030 Fund<\/strong> in 2022 to strategically invest in Massachusetts-based startups and provide funding for teams solving critical climate problems.<\/h4>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"gspb_button_wrapper gspb_button-id-gsbp-86f7de2\" id=\"gspb_button-id-gsbp-86f7de2\"><a class=\"wp-block-greenshift-blocks-buttonbox gspb-buttonbox wp-element-button  button-secondary-white\" href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#2030-fund\" rel=\"noopener\"><span class=\"gspb-buttonbox-textwrap\"><span class=\"gspb-buttonbox-text\"><span class=\"gspb-buttonbox-title\">View Spotlight<\/span><\/span><\/span><\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--6 gspb_col-id-gsbp-256472e\" id=\"gspb_col-id-gsbp-256472e\">\n<div class=\"wp-block-greenshift-blocks-image gspb_image gspb_image-id-gsbp-561d0e1\" id=\"gspb_image-id-gsbp-561d0e1\"><img decoding=\"async\" src=\"https:\/\/reports.masscec.com\/2024\/wp-content\/uploads\/sites\/5\/2025\/04\/Fund-logo.png\" data-src=\"\" alt=\"\" loading=\"lazy\" width=\"350\" height=\"1667\"\/><\/div>\n<\/div>\n <\/div><\/div>\n<\/div>\n <\/div><\/section>\n\n\n\n<section class=\"wp-block-greenshift-blocks-row alignfull gspb_row gspb_row-id-gsbp-c7b0129 orange-section\" id=\"gspb_row-id-gsbp-c7b0129\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-446ac1d\" id=\"gspb_col-id-gsbp-446ac1d\">\n<div><\/div>\n\n\n\n<div style=\"height:70px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-fa990b2\" id=\"gspb_row-id-gsbp-fa990b2\"><div id=\"grants\"><\/div><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_row__col--md-12 gspb_col-id-gsbp-b42a2d0\" id=\"gspb_col-id-gsbp-b42a2d0\">\n<h2 id=\"gspb_heading-id-gsbp-b1680f6\" class=\"no-margin text-primary-blue gspb_heading gspb_heading-id-gsbp-b1680f6 \">Clean Energy and Climatetech Grants<\/h2>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"gspb_text-id-gsbp-246252b\" class=\"gspb_text gspb_text-id-gsbp-246252b sub-text-2\">Public clean energy innovation grant and award funding for Massachusetts entities has increased for the first time since 2020.<a href=\"#3\" data-type=\"internal\" data-id=\"#3\"><strong><sup>3<\/sup><\/strong><\/a> <br>From 2022 to 2023, innovation funding increased by <strong>92%<\/strong>,<strong> <\/strong>and the number of awards increased by <strong>39%<\/strong>. This increase is likely in part due to the deployment of funds from the Inflation Reduction Act and the Bipartisan Infrastructure Law.\u00a0<\/div>\n<\/div>\n <\/div><\/div>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-24cfad4\" id=\"gspb_row-id-gsbp-24cfad4\"><div id=\"awards\"><\/div><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-dd6a4fc\" id=\"gspb_col-id-gsbp-dd6a4fc\">\n<h3 id=\"gspb_heading-id-gsbp-eaf13a8\" class=\"text-primary-blue no-margin gspb_heading gspb_heading-id-gsbp-eaf13a8 \">Total public sector grants received by all Massachusetts climatetech companies and partners for innovation, project demonstrations, and pilots.<a href=\"#4\" data-type=\"internal\" data-id=\"#4\"><strong><sup>4<\/sup><\/strong><\/a><\/h3>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-1a85177\" id=\"gspb_col-id-gsbp-1a85177\">\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/20233781\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/public.flourish.studio\/visualisation\/20233781\/thumbnail\" width=\"100%\" alt=\"chart visualization\" \/><\/noscript><\/div>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-0e725a2 new-callout-box-lightblue\" id=\"gspb_col-id-gsbp-0e725a2\">\n<h3 id=\"gspb_heading-id-gsbp-c3f48cb\" class=\"no-margin text-primary-blue gspb_heading gspb_heading-id-gsbp-c3f48cb \">Public sector support is critical for the growth of climatetech companies, project demonstrations, and pilots.<\/h3>\n<\/div>\n <\/div><\/div>\n<\/div>\n <\/div><\/section>\n\n\n\n<div style=\"height:70px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<section class=\"wp-block-greenshift-blocks-row alignfull gspb_row gspb_row-id-gsbp-244fa11 blue-green-gradient-bg yellow-section\" id=\"gspb_row-id-gsbp-244fa11\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-807a3a0\" id=\"gspb_col-id-gsbp-807a3a0\">\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-3885e1b\" id=\"gspb_row-id-gsbp-3885e1b\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--6 gspb_col-id-gsbp-1c7d702\" id=\"gspb_col-id-gsbp-1c7d702\">\n<h4 id=\"gspb_heading-id-gsbp-df51f5d\" class=\"no-margin gspb_heading gspb_heading-id-gsbp-df51f5d \"><strong>MassCEC SPOTLIGHT<\/strong><\/h4>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 id=\"gspb_heading-id-gsbp-dfcb6ae\" class=\"no-margin gspb_heading gspb_heading-id-gsbp-dfcb6ae \">Accelerating Technology to Market\u00a0<\/h2>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 id=\"gspb_heading-id-gsbp-014fee2\" class=\"no-margin gspb_heading gspb_heading-id-gsbp-014fee2 \">MassCEC\u2019s technology-to-market programs help new climatetech businesses grow faster by backing a vibrant community of researchers, startups, and established industry players &#8211; creating an ecosystem where they connect and thrive.\u00a0<\/h4>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"gspb_button_wrapper gspb_button-id-gsbp-f0f6dc2\" id=\"gspb_button-id-gsbp-f0f6dc2\"><a class=\"wp-block-greenshift-blocks-buttonbox gspb-buttonbox wp-element-button  button-secondary-white\" href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#accelerating-tech\" rel=\"noopener\"><span class=\"gspb-buttonbox-textwrap\"><span class=\"gspb-buttonbox-text\"><span class=\"gspb-buttonbox-title\">View Spotlight<\/span><\/span><\/span><\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--6 gspb_col-id-gsbp-ce8b816\" id=\"gspb_col-id-gsbp-ce8b816\">\n<div class=\"wp-block-greenshift-blocks-image gspb_image gspb_image-id-gsbp-2a5bbf8\" id=\"gspb_image-id-gsbp-2a5bbf8\"><img decoding=\"async\" src=\"https:\/\/reports.masscec.com\/2024\/wp-content\/uploads\/sites\/5\/2025\/04\/CLEAN-ENERGY-BUSINESS-INSIGHTS_Spotlight.png\" data-src=\"\" alt=\"\" loading=\"lazy\" width=\"350\" height=\"899\"\/><\/div>\n<\/div>\n <\/div><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-b7ad0a0 yellow-dotted-border\" id=\"gspb_row-id-gsbp-b7ad0a0\"><div class=\"gspb_row__content\">  <\/div><\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-670265e\" id=\"gspb_row-id-gsbp-670265e\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--6 gspb_col-id-gsbp-43a277d\" id=\"gspb_col-id-gsbp-43a277d\">\n<div class=\"wp-block-greenshift-blocks-image gspb_image gspb_image-id-gsbp-1f2d11e\" id=\"gspb_image-id-gsbp-1f2d11e\"><img decoding=\"async\" src=\"https:\/\/reports.masscec.com\/2024\/wp-content\/uploads\/sites\/5\/2025\/04\/emerging-climatetech-leaders.png\" data-src=\"\" alt=\"\" loading=\"lazy\" width=\"350\" height=\"899\"\/><\/div>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"gspb_text-id-gsbp-52355eb\" class=\"gspb_text gspb_text-id-gsbp-52355eb caption-text-white\"><strong>AeroShield ribbon cutting at <\/strong><br><strong>new manufacturing facility in Waltham, MA.<\/strong><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--6 gspb_col-id-gsbp-63b7dc7\" id=\"gspb_col-id-gsbp-63b7dc7\">\n<h4 id=\"gspb_heading-id-gsbp-8db1f26\" class=\"no-margin gspb_heading gspb_heading-id-gsbp-8db1f26 \"><strong>MassCEC SPOTLIGHT<\/strong><\/h4>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 id=\"gspb_heading-id-gsbp-128efc0\" class=\"no-margin gspb_heading gspb_heading-id-gsbp-128efc0 \">Emerging Climatetech Leaders<\/h2>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 id=\"gspb_heading-id-gsbp-2800d8c\" class=\"no-margin gspb_heading gspb_heading-id-gsbp-2800d8c \">Early-stage clean energy and climatetech companies often face funding gaps that threaten their path to commercial success. MassCEC\u2019s Emerging Climatetech programs help to fill these gaps with grant funding, equity and debt investments, and hands-on commercial and technical support for founders and startups.<\/h4>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"gspb_button_wrapper gspb_button-id-gsbp-0fe6433\" id=\"gspb_button-id-gsbp-0fe6433\"><a class=\"wp-block-greenshift-blocks-buttonbox gspb-buttonbox wp-element-button  button-secondary-white\" href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/#emerging-climatetech-leaders\" rel=\"noopener\"><span class=\"gspb-buttonbox-textwrap\"><span class=\"gspb-buttonbox-text\"><span class=\"gspb-buttonbox-title\">View Spotlight<\/span><\/span><\/span><\/a><\/div>\n<\/div>\n <\/div><\/div>\n<\/div>\n <\/div><\/section>\n\n\n\n<section class=\"wp-block-greenshift-blocks-row alignfull gspb_row gspb_row-id-gsbp-414fe01 blue-section\" id=\"gspb_row-id-gsbp-414fe01\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-8ecb511\" id=\"gspb_col-id-gsbp-8ecb511\">\n<div class=\"wp-block-greenshift-blocks-row gspb_row gspb_row-id-gsbp-9239851\" id=\"gspb_row-id-gsbp-9239851\"><div class=\"gspb_row__content\"> \n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-fbb8865\" id=\"gspb_col-id-gsbp-fbb8865\">\n<div id=\"1-2\"><\/div><div id=\"gspb_text-id-gsbp-c37aa87\" class=\"gspb_text gspb_text-id-gsbp-c37aa87 footnote-link\"><a href=\"#breakthrough-tech\" data-type=\"internal\" data-id=\"#investments\">Back to Breakthrough Technologies<\/a><\/div>\n\n\n\n<div id=\"gspb_text-id-gsbp-ad29a3d\" class=\"gspb_text gspb_text-id-gsbp-ad29a3d footnote-div-black\"><strong>1 <\/strong><a href=\"https:\/\/www.mass.gov\/info-details\/massachusetts-clean-energy-and-climate-metrics\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.mass.gov\/info-details\/massachusetts-clean-energy-and-climate-metrics<strong>\u00a0<\/strong><\/a><\/div>\n\n\n\n<div id=\"gspb_text-id-gsbp-47fb5c2\" class=\"gspb_text gspb_text-id-gsbp-47fb5c2 footnote-div-black\"><strong>2<\/strong> International Energy Agency: Net Zero Roadmap <a href=\"https:\/\/www.iea.org\/reports\/net-zero-roadmap-a-global-pathway-to-keep-the-15-0c-goal-in-reach\">https:\/\/www.iea.org\/reports\/net-zero-roadmap-a-global-pathway-to-keep-the-15-0c-goal-in-reachet-zero-roadmap-a-global-pathway-to-keep-the-15-0c-goal-in-reach climate-metrics\u00a0<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-45c8dd0\" id=\"gspb_col-id-gsbp-45c8dd0\">\n<div id=\"3\"><\/div><div id=\"gspb_text-id-gsbp-1359f3f\" class=\"gspb_text gspb_text-id-gsbp-1359f3f footnote-link\"><a href=\"#investments\" data-type=\"internal\" data-id=\"#investments\">Back to Investments<\/a><\/div>\n\n\n\n<div id=\"gspb_text-id-gsbp-072bb60\" class=\"gspb_text gspb_text-id-gsbp-072bb60 footnote-div-black\"><strong>3<\/strong> PitchBook Data, Inc. Data has not been reviewed by PitchBook analysts. Investment numbers vary between reports, given timing and availability of data.\u00a0\u00a0<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-row-column gspb_row__col--12 gspb_col-id-gsbp-5e24a06\" id=\"gspb_col-id-gsbp-5e24a06\">\n<div id=\"4\"><\/div><div id=\"gspb_text-id-gsbp-bca6034\" class=\"gspb_text gspb_text-id-gsbp-bca6034 footnote-link\"><a href=\"#grants\" data-type=\"internal\" data-id=\"#grants\">Back to Grants<\/a><\/div>\n\n\n\n<div id=\"gspb_text-id-gsbp-4c6a290\" class=\"gspb_text gspb_text-id-gsbp-4c6a290 footnote-div-black\"><strong>4<\/strong> Sources include MassCEC innovation funding, ARPA-E, Office of Science, SunShot, SBIR, and STTR.\u00a0\u00a0<\/div>\n<\/div>\n <\/div><\/div>\n<\/div>\n <\/div><\/section>\n\n\n\n<div style=\"height:27px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<style>#gspb_row-id-gsbp-2b1570b,#gspb_row-id-gsbp-f0eba10{justify-content:space-between;margin-top:0;margin-bottom:0;display:flex;flex-wrap:wrap}#gspb_row-id-gsbp-f0eba10{background-color:var(--wp--preset--color--contrastcolor,#fffffe);border-top-style:solid;border-top-width:1px;border-top-color:var(--wp--preset--color--lightgrey,#A8B8CD)}#gspb_row-id-gsbp-f0eba10>.gspb_row__content{display:flex;justify-content:space-between;margin:0 auto;width:100%;flex-wrap:wrap}.gspb_row{position:relative}div[id^=gspb_col-id]{box-sizing:border-box;position:relative;padding:15px min(3vw,20px)}#gspb_col-id-gsbp-91b1310.gspb_row__col--12{width:100%}@media (max-width:575.98px){#gspb_col-id-gsbp-91b1310.gspb_row__col--12{width:100%}}#gspb_row-id-gsbp-2b1570b{align-items:center;align-content:center}#gspb_row-id-gsbp-2b1570b>.gspb_row__content{display:flex;justify-content:space-between;margin:0 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#gspb_container-id-gsbp-b1fbeec.gspb_container{grid-column-start:1;grid-column-end:2;grid-row-start:8;grid-row-end:9}}@media (max-width:575.98px){body.gspb-bodyfront #gspb_container-id-gsbp-b1fbeec.gspb_container{grid-column-start:1;grid-column-end:2;grid-row-start:8;grid-row-end:9;align-self:start}}@media (max-width:767.98px){#gspb_container-id-gsbp-b1fbeec.gspb_container{flex-direction:column}}.gspb_text-id-gsbp-fce37c6,.gspb_text-id-gsbp-fce37c6 a{text-decoration:none}@media (max-width:991.98px){.gspb_text-id-gsbp-fce37c6{margin-top:0!important}}.gspb_container-id-gsbp-0bb47e8{flex-direction:column;box-sizing:border-box}#gspb_container-id-gsbp-0bb47e8.gspb_container{position:relative;display:flex}body.gspb-bodyfront #gspb_container-id-gsbp-0bb47e8.gspb_container{align-self:center}@media (max-width:991.98px){body.gspb-bodyfront #gspb_container-id-gsbp-0bb47e8.gspb_container{grid-column-start:2;grid-column-end:3;grid-row-start:4;grid-row-end:5}}@media 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Impact<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-d2aa495 footer-grid-boxes\" id=\"gspb_container-id-gsbp-d2aa495\">\n<div id=\"gspb_text-id-gsbp-1571602\" class=\"gspb_text gspb_text-id-gsbp-1571602 footer-page-links\"><a href=\"https:\/\/reports.masscec.com\/2024\/emerging-climatetech\/\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/emerging-climatetech\/\">Emerging Climatetech<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-849e2d4 footer-grid-boxes\" id=\"gspb_container-id-gsbp-849e2d4\">\n<div id=\"gspb_text-id-gsbp-14b4549\" class=\"gspb_text gspb_text-id-gsbp-14b4549 footer-page-links\"><a href=\"https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/https:\/\/reports.masscec.com\/2024\/masscec-spotlights\/\">MassCEC Spotlight<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-12b20ce footer-grid-boxes\" id=\"gspb_container-id-gsbp-12b20ce\">\n<div id=\"gspb_text-id-gsbp-5d36f49\" class=\"gspb_text gspb_text-id-gsbp-5d36f49 footer-page-links\"><a href=\"https:\/\/reports.masscec.com\/2024\/https:\/\/reports.masscec.com\/2024\/methodology-and-glossary\/#methodolgy\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/https:\/\/reports.masscec.com\/2024\/methodology-and-glossary\/#methodolgy\">Methodology<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-48d2850 footer-grid-boxes\" id=\"gspb_container-id-gsbp-48d2850\">\n<div id=\"gspb_text-id-gsbp-84ff29f\" class=\"gspb_text gspb_text-id-gsbp-84ff29f footer-page-links\"><a href=\"https:\/\/reports.masscec.com\/2024\/https:\/\/reports.masscec.com\/2024\/methodology-and-glossary\/#glossary\" data-type=\"link\" data-id=\"https:\/\/reports.masscec.com\/2024\/https:\/\/reports.masscec.com\/2024\/methodology-and-glossary\/#glossary\">Glossary<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-b1fbeec footer-grid-boxes\" id=\"gspb_container-id-gsbp-b1fbeec\">\n<div id=\"gspb_text-id-gsbp-fce37c6\" class=\"gspb_text gspb_text-id-gsbp-fce37c6 footer-page-links\"><a href=\"https:\/\/www.masscec.com\/\">MassCEC Corporate Website<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-container gspb_container gspb_container-gsbp-0bb47e8 footer-grid-boxes\" id=\"gspb_container-id-gsbp-0bb47e8\">\n<div id=\"gspb_text-id-gsbp-8bca685\" class=\"gspb_text gspb_text-id-gsbp-8bca685 footer-page-links\"><a href=\"https:\/\/reports.masscec.com\/2024\/report-library\/\" data-type=\"page\" data-id=\"5550\">2023 Report \/ Previous Reports<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n 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