New England’s Clean Energy Economy 0

New England Clean Energy Council works to accelerate New England’s clean energy economy to global leadership by building an active community of stakeholders and a world-class cluster of clean energy companies.

The Council represents close to 400 member and affiliate member organizations, including clean energy companies, venture investors, major financial institutions, universities, industry associations, utilities, labor and large commercial end-users.

Among the Council’s members is A123 Systems, one of the nation’s best-known firms in the area of advanced batteries and storage.

Recently, the company announced a contract to supply a 500kW advanced energy storage solution to Dongfang Electric Corporation (DEC), the third largest manufacturer of wind turbines in China and the country’s largest exporter of power equipment.

Expected to be installed at DEC’s manufacturing facility in Hangzhou city, China Zhejiang Province, by the end of 2011, the system is designed as a demonstration project to help DEC evaluate how advanced energy storage can address the challenges associated with the rapid growth of wind power in China.

The cluster focuses its resources on six key areas, each of which has a significant impact on fulfilling the organization’s stated goal of accelerating the region’s clean energy economy: Innovation, Growth, Education & Workforce Development, Adoption, and Research. 

Under the area of innovation, the Council runs two main programs: The Clean Energy Consortia project and U-Launch.

The Clean Energy Consortia project is a proposed framework for accelerating clean energy research and commercialization, designed to help bridge the “valley of death” from lab to commercial validation of clean energy technologies. The aim of the project is to expand research funding and translational-stage support for energy technology, drawing on the economic potential of innovation clusters.

Led by the Council, there is added involvement from a growing network of university, private and public sector participants across the country.

By mobilizing partners in other regions across nearly 30 states, the Council continues to work to secure federal funding for regional consortia engaged in energy research, commercialization, and cluster development.

They are also spearheading the planning effort to form a New England Council Energy Innovation Consortium that can serve as a model for other regions and could apply for federal funding.

U-Launch is an innovative partnership launched in late 2010 to accelerate the spin-out and commercialization of clean energy technologies from New England university labs by providing a flexible set of technical, business, financial, and infrastructure services and funding to help promising (but unproven) cleantech innovations cross the gap from lab to early market.

U-Launch is a collaboration between the Council and three other partners with complementary cleantech expertise: Fraunhofer TechBridge, the Massachusetts Clean Energy Center (MassCEC), and the Association of Cleantech Incubators of New England (ACTION).

The partners provide:

  • Business Guidance: The New England Clean Energy Council provides early-stage business resources.
  • Technical Guidance: Fraunhofer TechBridge accelerates the development of a commercial product.
  • Ecosystem & Market Development: MassCEC fosters ecosystem & market advancement through consumer incentives for technology adoption.
  • Physical Space/Ecosystem: ACTION provides startup space and incubation services.

Other events and activities comprising the Council’s programs include the CEO D.C. Fly-in, wherein executives and investors fly to Washington D.C. for a series of meetings on Capitol Hill and with executive agencies; a series of panels on finance; smart grid roundtables; developers roundtables; Executive Certificate Programs; and the RGGI Clean Energy 2.0 Project.

The Regional Greenhouse Gas Initiative (RGGI) Clean Energy 2.0 Project, funded by a grant from the Energy Foundation, is a two-year-old model for federal legislation that educates business and public opinion leaders on RGGI’s benefits in boosting the economic competitiveness and the clean energy business sector.

It supports efforts to improve RGGI’s effectiveness and identifies effective state-level climate and clean energy implementation programs as models for region-wide adoption.

To read more about the Council’s programs and activities, check out their blog.

Until Next Time,

Angela Guss

Accelerating New England’s Clean Energy Economy originally appeared in Green Chip Stocks. Green Chip Review is a free 2x-per-week newsletter, is the first advisory to focus exclusively on investments in alternative and renewable energies.

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