Massachusetts Sets Itself Apart As Global Clean Energy Hub
- Nov 6, 2013 2:00 am GMT
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Massachusetts, a state filled with top-tier universities, is known for its entrepreneurial vision, history of innovation and spawning scientific advances. The technological gains have spread to the clean energy sector and helped expand the industry. What is it that gives the commonwealth such a forward-thinking mentality, and what tangible lessons can we take from Massachusetts to spread across the nation?
Massachusetts Clean Energy Center (MassCEC) published a report providing insight to the tremendous cleantech growth in Massachusetts. The report included the following fast facts regarding the Massachusetts market:
- 5,557 clean energy firms
- 79,994 clean energy workers
- 1.9% of total workers in the Commonwealth work for clean energy
- 11.8% employment growth rate from 2012 to 2013 in clean energy
The majority of these clean energy employees in Massachusetts work with solar, wind and hydroelectric technologies. The research indicates that the growth of these industry sectors is due to supportive public policies, a culture for innovation and entrepreneurship, and an education system that generates talented workers. Industry experts also recognized the MassSAVE program, MassCEC internships, Green Communities Act and Stretch Code as policies that helped Massachusetts’ clean energy industry grow.
The report demonstrates that in 2012-2013, the industry saw the most growth among new entrants into the field, including startups and firms that have started to broaden their activities to include clean energy.
Massachusetts partners with global clean energy ventures
The Commonwealth received $90.5 million from the U.S. Department of Energy’s ARPA-E program—that is, 17% of the allotted federal dollars through this program. While venture capital is declining in the U.S. and abroad, Massachusetts is increasing its total inflow of venture capital. In fact, Massachusetts’s investments in photovoltaic and offshore wind projects attracted $312 million. The large number of state-headquartered clean energy firms maintaining global operations has attracted many investors, helping to keep the industry strong and growing.
Clean energy employers are focused on maintaining the quality of life that Massachusetts provides. This means maintaining Massachusetts’s status as a forward-thinking state with a strong clean energy market, which will both attract and preserve talent to help it connect to global markets.
Massachusetts Governor Deval Patrick has led a number global trade missions since taking office in 2006. His most recent trade-mission to Canada helped boost the Massachusetts-Canada partnership in the clean tech sector.
Opportunity Knocks at Global Cleantech Meetup
The cleantech landscape in Massachusetts creates a perfect setting for networking and meeting people in the industry. Innovators, adopters, investors and other clean energy focused individuals congregate in Boston for events such as this year’s Global Cleantech Meetup at the Seaport World Trade Center this November 12-14.
In its ninth year, the meetup focuses on bringing together innovators and adopters, showcasing clean energy companies, investors, strategic partners, and major energy and water consumers who are looking to adopt solutions to cut energy use and costs.The event presents an opportunity for start-ups to meet with investors, integrators with adopters and innovators with strategic partners.
“Massachusetts is a premiere destination for cleantech. We’re thrilled to welcome innovators, investors and clean energy adopters to Boston this Fall so they can forge new relationships and take advantage of new business opportunities that expand this already booming industry,” Massachusetts Clean Energy Center (MassCEC) CEO Alicia Barton, the lead organizer of the event said.