Massachusetts Green Energy Fund

MTC has formed a partnership with Commons Capital, a Brookline, MA based venture capital management company, to manage the $15 million Green Energy Fund, which will invest equity venture capital in Massachusetts-based renewable energy companies. This fund is poised to provide an important infusion of capital into the growing clean energy cluster. Massachusetts companies are on the cutting-edge developing the next generation of renewable energy technologies including solar, fuel cells, wind and bioenergy.

Commons Capital was tapped to manage the fund following a highly competitive process. Commons brings a proven track record in venture capital investing and a commitment to make investments that yield both financial as well as social and environmental returns.

“The Green Energy Fund will be a force for new company creation in Massachusetts playing a key role in commercializing important new technologies,” said William Osborn, Managing Director of Commons Capital. “We are very enthusiastic about working with clean energy companies to keep Massachusetts at the forefront of this growing industry sector.”

The Green Energy Fund will attract new investment from financial and strategic investors to leverage additional private funds for clean energy companies and entrepreneurs across the state. For more information, please visit www.massgreenenergy.com.