September 26, 2012
The Newburyport CleanTech Center (NCTC) is a non-profit clean technology business incubator and accelerator and a member of ACTION. “We’re delighted to have Pelletco as a new tenant,” said Robert O’Brien president of the Newburyport CleanTech Center. “Pelletco is a great example of how we can partner with tenant companies to add value and generate new opportunities.” The NCTC will provide Pelletco with a physical presence in their new markets and will leverage their network of like-minded companies to expand their sales.
ACTION, in partnership with the Fraunhofer CSE ULaunch program, has provided fully subsidized incubation awards to 18 of the 2012 Cleantech Open, Northeast region semi-finalist teams. This will enable them to accelerate the growth of their businesses. The offer includes work space at more than 13 locations around New England, and access to business resources for cleantech entrepreneurs. “It is great that we are in a position to assist these companies,” said Michael Ryan, president of ACTION. “Each of them represents leading innovation in the clean technology industry.”
The ACTION-Pelletco-Newburyport CleanTech Center collaboration is a clear example of the thriving clean technology ecosystem throughout New England. This ecosystem is connecting entrepreneurs with incubators having unique capabilities and geographic proximity throughout the region.
The Association of Cleantech Incubators of New England (ACTION) is New England’s leading network of cleantech incubators sharing the common goals of accelerating the growth and success of early-stage companies, strengthening the regional cleantech cluster, and creating more green jobs in New England.
Their network of incubators provides diverse resources and a highly- supportive hub in which entrepreneurs, business leaders, government agencies, community leaders, investors, universities, and other interested organizations can collaborate toward the successful commercialization of enterprises that will build a prosperous green economy, improve the quality of our lives and sustain the health of our environment. Visit www.actionnewengland.org
Pelletco offers locally sourced and sustainable alternative energy utilizing patented biomass fuel technology that is cleaner burning, more efficient, and more cost effective than traditional alternatives. Instead of the traditional practice of using only the inner, solid wood portions of the tree for wood biomass fuel products, Pelletco utilizes 100% of the tree including bark, fines, pins, and other residue so that there are no waste products produced. Pelletco’s focus is on replacing oil heating systems with biomass, especially for non-profits such as colleges, schools, and hospitals. Visit: www.pelletco.com