The Massachusetts Clean Energy Center (MassCEC) has launched a new $1 million program to further the development of clean energy technology in Massachusetts.
Under the program, the MassCEC will offer between $100,000 and $300,000 for projects designed to address energy challenges – such as renewable energy optimization, fuel-efficient vehicles or energy storage – and will require a 50% in matching funds. The MassCEC will award the funds to help companies finance demonstration projects.
The Massachusetts' clean energy economy grew by 11.2% from July 2011 to July 2012, according to the 2012 Massachusetts Clean Energy Industry Report, which shows the growing sector employs 71,523 people at 4,995 clean energy firms across the commonwealth.
MassCEC says it will unveil the program details in October. The first deadline for proposals is Nov. 5, and final applications are due by Feb. 4, 2013.
