Connecticut Clean Energy Fund (CCEF) today announced that it has launched its newest initiative, the Alpha Program, which funds development and testing of emerging clean energy technologies to establish their technical viability and commercial potential. Successful commercialization of such technologies will help create jobs and grow Connecticut’s clean energy industry, as well as reduce clean energy costs, enhance energy security and ensure a healthier environment.
“Connecticut has a proud legacy of innovation and entrepreneurship and that legacy is now expanding into the realm of clean energy and sustainability clusters,” said Daniel C. Esty, commissioner of the Connecticut Department of Environmental Protection. “With Connecticut’s industrial infrastructure and pool of world-class talent and research institutions, we are well positioned to become a global leader in clean energy innovation, from assisting with technology feasibility to providing access to early-stage capital. CCEF’s Alpha Program is designed to leverage these assets and help accelerate emerging technology development and commercialization, the future engine of Connecticut’s clean energy industry.”
Connecticut companies undertaking early-stage clean energy technology development are encouraged to apply to the Alpha Program for funding of up to $200,000 per project. The funding is provided in two phases: Phase 1, which offers grants of up to $50,000 for Engineering Design and Development, and Phase 2, which offers loans of up to $150,000 for Prototype Construction and Testing. Applications will be reviewed and funded twice a year through a competitive judging and selection process. Applications for the first round of funding under the Alpha Program are due June 15, 2011.
Eligible projects can be full systems, system components or manufacturing innovations in technology areas including:
- Electricity generation from renewable energy sources and waste energy recovery.
- Geothermal and solar thermal for heating and cooling.
- Combined heat and power.
- Advanced energy efficiency.
- Energy management for residential, commercial and industrial applications.
- Electric grid infrastructure improvements including energy storage.
- Fuel cells, hydrogen production and biofuel production for stationary electricity generation.
The Alpha Program is one of three early-stage technology investment programs offered by CCEF and Connecticut Innovations to help advance the development and commercialization of emerging clean energy technologies in Connecticut. Successful Alpha Program participants will be encouraged to apply to the other two programs: the Operational Demonstration Program and the Connecticut Clean Tech Fund.
Peter Longo, president and executive director of Connecticut Innovations, said, “The Alpha Program offers our state’s innovators an outstanding ‘first step’ resource to help them turn cutting-edge ideas into prototypes. By supporting technology commercialization along a continuum of technology readiness levels, CCEF and CI are helping usher exciting new clean energy technologies into the marketplace. This, in turn, will enable our businesses, institutions and residents to benefit from a broader array of clean energy solutions and move toward greater sustainability.”
Prospective Alpha Program applicants are directed to a Pre-Qualification Survey to determine applicant eligibility.
About the Connecticut Clean Energy Fund (CCEF)
CCEF was created by the Connecticut General Assembly and is funded by the electric ratepayers. CCEF’s mission is to promote, develop and invest in clean energy sources for the benefit of Connecticut’s ratepayers in order to strengthen Connecticut’s economy, protect community health, improve the environment, and promote a secure energy supply for the state. CCEF is administered by Connecticut Innovations, a quasi-public authority. For more information on CCEF, please visit www.ctcleanenergy.com.