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The California Clean Energy Fund (CalCEF) is the state’s pioneering, non-profit, early-stage clean energy impact investor. Our purpose since our inception in 2004 has been to ignite investment, support entrepreneurs and remove the barriers to advancing the clean energy economy. We do this through a strong complement of programs and partnerships across the entrepreneur, investor and technology solution landscape that comprises the clean energy ecosystem.
CalCEF has been awarded the California Sustainable Energy Entrepreneur Development (CalSEED) contract by the California Energy Commission. The purpose of the CalSEED initiative is to support the early-stage development of promising new energy concepts that will provide benefits to electric ratepayers in Investor-Owned Utility service territories. CalSEED will provide $24MM in early stage, startup funding across an estimated 100 entrepreneurs (Series A and Series B) over the next five years. A major component of CalSEED will be development of the Equity program, with the objective of substantially exceeding state objectives of investment awards to underrepresented constituencies.