ACTION New England - News

Richi Social Entrepreneurs and ACTION Announce Partnership

December 1, 2017

Richi Social Entrepreneurs (RSE) is an initiative of the Richi Childhood Cancer Foundation whose mission is to accelerate the success of life sciences, healthcare and cleantech startups from around the world by connecting them with key players and introducing them to the many assets available within the Boston innovation ecosystem. To accomplish this, RSE runs a three-week immersion bootcamp in Boston in which startups have the opportunity to embrace best practices from the Massachusetts ecosystem, connecting and interacting with potential clients, investors, strategic partners, and local top-notch industry experts who will lead them to potential business synergies. In 2018, RSE and ACTION are teaming up to present the October edition of the Boston Immersion Program, to provide and enhanced experience for the international entrepreneurs.

Founding ACTION Member, North Shore InnoVentures, Talks About Incubating Life Sciences & Cleantech Startups in Beverly, MA

November 15, 2017


Watch the Interview ©2017 BevCam

It's not just happening in the Hub. The biotech industry is centered in Massachusetts, and beyond Cambridge and Boston, the North Shore supports a strong life sciences cluster that offers rich technical and business resources to help life science and cleantech startups thrive, thanks in large part to North Shore InnoVentures (NSIV), a technology business incubator located in the Cummings Center in Beverly, MA. There are over 50 life sciences businesses located at the Cummings Center alone. In a recent local access television interview, Martha Farmer, President & CEO at NSIV, and Trish Fleming, Director of Mentoring, describe technology business incubation and the value of strong community support that assist early-stage companies in becoming profitable businesses.

ACTION to Showcase Regional Incubator Ecosystem to International Entrepreneurs

September 29, 2017

ACTION will present a morning-long session, with UMass Lowell's Innovation Hub and M2D2 incubators, to ten startup companies from Spain, Chile, the UK and Austria that have been chosen to participate in the Richi Social Entrepreneurs' (RSE) Boston Immersion Program, to introduce them to incubator facilities and rich regional assets available that support cleantech and healthtech innovations. During the three week Boston Immersion Program in November, RSE will provide positive impact startups with an immersion experience into Boston's (and beyond) innovation ecosystem.

New Website Links Core Facilities Within University of Massachusetts System

August 29, 2017


For several years, ACTION has been an industry partner with UMass Lowell's Core Research Facilities (CRF), providing discounted fees to startups for highly specialized equipment use on campus. The CRF is a valuable resource for technology companies, providing them with access to faculty and direct access to training and self-use of specialized instruments, in addition to research testing services.

SUP46 in Stockholm, Sweden

July 12, 2017

On a recent trip to Stockholm, Sweden, ACTION's Executive Director, Joan Popolo, had the opportunity to visit SUP46 business incubator. Magnus Rehn, a management consultant and business coach focused primarily on cleantech and sustainability at STING (Stockholm Innovation and Growth), kindly provided a tour of the incubator located in central Stockholm. STING has offices in three locations in Stockholm, one of which is SUP46, and supports both incubator and accelerator programs. SUP46 currently lists over 60 member companies.

THINGS, located at a separate Stockholm location in a four-story, 2,000 square meter building provides co-working space for 30-40 start-ups working on innovative hardware-based technologies, including IoT, wearables, medtech, 3D scanning/printing and smart grid technologies. THINGS members have access to prototyping and testing capabilities and partnerships with some of the most successful and innovative export companies in Sweden. Stockholm Makerspace is co-located in the building with THINGS.

STING’s HQ is located in one of the world’s leading IT clusters, Kista Science City, in Stockholm, located between central Stockholm and Arlanda airport. Internationally, the region is often compared to Silicon Valley, Bangalore, India and the Multimedia Supercorridor in Malaysia.

Thanks to Magnus for his hospitality!

Three ACTION Member Companies Announce Exits

May 15, 2017

It's not often that company exits are reported from incubators, given the relatively long timeline necessary for technology startups to build, grow, and commercialize their companies. Recently, two acquisitions and one IPO have been announced from companies that had been resident in and graduated from our ACTION members' incubators.

Director, Toby Stapleton of University of Massachusetts, Dartmouth's Center for Innovation and Entrepreneurship (CIE) is pleased to announce that Ocean Server Technologies, a former CIE Tech Venture Company (TVC), has been acquired by L3 Technologies. Ocean Server began at the CIE and graduated in September 2016. Read More.

Aquabotix, another former TVC company, went public on the Australian Securities Exchange, selling out its initial public offering of stock in one day and raising money for the company's expansion in Fall River, MA. This makes Aquabotix the only publicly-traded company making underwater drones. Read More.

In March, Arctic Sand Technologies, a graduate of North Shore InnoVentures, announced its acquisition by Peregrine Semiconductor. Arctic Sand’s technology delivers industry-leading power conversion efficiency so that platforms for a variety of applications can be made thinner. Read More.

We congratulate these companies and our member incubators for helping to support their growth and success!

Three Massachusetts-based ACTION Members Poised for Expansion

January 10, 2017

This year brings exciting developments as three ACTION members expand their operations. North Shore InnoVentures (NSIV), UMass Lowell and Innovation Hub (iHub), and Greentown Labs all have exciting news to report!

Pierce Atwood Congratulates Via Science on Securing TEPCO Investment

December 8, 2016

Cambridge, Mass. – December 8, 2016 – Congratulations to Pierce Atwood client Via Science, Inc. on securing a minority investment by Japan’s largest electric power supplier, Tokyo Electric Power Company Holdings, Inc. (TEPCO). TEPCO’s strategic investment includes capital, as well as sharing subject matter expertise and data to improve the reliability and operating efficiencies of power suppliers and their customers through advanced software analytics applications.

Colin Gounden, CEO of Via Science, in an announcement regarding the investment, stated, “Analytics is critical to improving the operational efficiency of energy companies today and allowing them to stay ahead of regulatory and technological disruptions. TEPCO’s investment is a validation of Via Science’s leadership in causal analytics for applications such as identifying critical infrastructure that is at high risk for power outages, years in advance. We are truly honored to be their first venture investment in machine learning and analytics.”

ACTION Welcomes UMass Lowell Innovation Hub as a New Member

November 1, 2016

We are pleased to welcome UMass Lowell Innovation Hub as our newest business incubator member. For several years, ACTION has been an industry partner with UMass Lowell's Core Research Facilities, providing discounted fees to startups for highly specialized equipment use on campus. Now, Innovation Hub will be able to offer its startup companies the many benefits available through ACTION. Located in downtown Lowell's Hamilton Canal District, iHub provides access to dedicated office and desks, co-working spaces, meeting and event locations, a prototyping and fabrication lab, support services and much more. In addition, Innovation Hub's partnership with WorkBar, provides iHub members access to any of their co-working locations at no additional charge. Innovation Hub brings access to UMass Lowell's faculty and research resources, as well as collaboration with mentors and sponsors to share with other ACTION members. UMass Lowell's expertise in the areas of advanced materials, printed electronics, plastics and robotics will greatly enhance the resources available throughout the ACTION network. We look forward to working together!

UMass Dartmouth renames the ATMC: the Center for Innovation and Entrepreneurship

Oct 23, 2015

FALL RIVER - The ATMC, an arm of UMass Dartmouth, has been renamed the Center for Innovation and Entrepreneurship. Operating since 2001, the CIE will double its tenant base: It has 18 companies in the building now, working on everything from underwater drones, electric bikes and helicopters with double rotors to a lab that tests used roof shingles or broken bottles as pavement material.

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Department of Commerce's Under Secretary Eric L. Hirschhorn Discusses Export Controls with Incubators

October 16, 2015

On Friday, October 16th, ACTION member Greentown Labs hosted a day-long event with Department of Commerce, Bureau of Industry and Security’s (BIS) Under Secretary Eric L. Hirschhorn. The day included the Under Secretary meeting with hardware startups, presentation of a webinar on US export control regulations, and one-on-one meetings with various state agencies that offer export assistance to companies.

ACTION Hosts International Incubator Visitor from Trinidad and Tobago

October 15, 2015

ACTION was pleased to host Candace Brathwaite, an educator and entrepreneur from Trinidad and Tobago, on her US visit to the Institute for Energy and Sustainability (IES) in Worcester, MA, and Greentown Labs in Somerville, MA. Ms. Brathwaite, a graduate of Babson College’s Franklin W. Olin Graduate School of Business, trains and a coaches students at the Arthur Lok Jack Graduate School of Business at the University of the West Indies in Trinidad and Tobago to equip them with the necessary skills and knowledge to become entrepreneurs.

ACTION Welcomes Posternak Blankstein & Lund LLP as a Network Sponsor

September 23, 2015

Fall River, Mass (September 23, 2015)–The Association of Cleantech Incubators of New England (ACTION) has announced that the law firm of Posternak Blankstein & Lund LLP is a new Network Sponsor. ACTION’s mission is to accelerate the success of early-stage cleantech entrepreneurs supported by its membership of 12 cleantech incubators throughout New England and three international incubators located in the United Kingdom, Italy, and Canada.

Posternak’s Cleantech practice group helps companies in the cleantech sector reach such goals as developing or licensing transformational technology, investing in clean tech start-ups, constructing or retrofitting green buildings, registering trademarks for eco-friendly products, siting and permitting, or financing large-scale deployment projects.

American Patent Agency Joins ACTION as a New Supporting Sponsor

September 2, 2015

Fall River, Mass (September 2, 2015) – The Association of Cleantech Incubators of New England (ACTION) has announced that American Patent Agency is a new supporting sponsor. ACTION’s mission is to accelerate the success of early-stage cleantech entrepreneurs supported by its membership of 12 cleantech incubators throughout New England and three international incubators located in the United Kingdom, Italy, and Canada.

ACTION teams with ChemCeption to Provide Services to Entrepreneurs

September 1, 2015

ACTION and ChemCeption, the nation's only chemical technologies incubator located in South Charleston, West Virginia, have entered into a collaborative agreement with the goal of strengthening business, commercialization and technological partnerships between their incubators and startup communities.

IES Welcomes New Executive Director

July 28, 2015

The Institute for Energy and Sustainability is pleased to welcome its new Executive Director, Joseph Bush, PhD. As a graduate of WPI, Dr. Bush is happy to return to Worcester and is eager to lead IES in its mission to support and expand the clean technology and sustainable energy economy in central Massachusetts.

Dr. Bush brings an innovative perspective to IES. He is the former Associate Director at the Center for Sustainable Energy at City University of New York. During his tenure there, the Center underwent a massive growth phase in which he helped redefine its role and scope in terms of the services it provides to the institution’s students, faculty, and constituents. As Dr. Bush explains, “IES is undergoing a similar period of redefinition, in which we seek to provide the best possible resources for growing the green economy in Worcester.” In August 2014, he was also the entrepreneurial lead of a team participating in NSF I-Corps training, a “business boot camp” for scientists and engineers that many are attempting to replicate. Having participated in various entrepreneurial research projects, Dr. Bush comes to us with a firm understanding of the challenges innovators face as they attempt to commercialize their research.

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ACTION Welcomes Law Firm Pierce Atwood LLP as a Supporting Sponsor

July 9, 2015

Fall River, Mass (July 9, 2015) – The Association of Cleantech Incubators of New England (ACTION) has announced that the law firm of Pierce Atwood LLP is a new supporting sponsor. ACTION’s mission is to accelerate the success of early-stage cleantech entrepreneurs supported by its membership of 12 cleantech incubators throughout New England and three international incubators located in the United Kingdom, Italy, and Canada.

“Pierce Atwood has an experienced energy and environmental practice working with clients that are pioneering new sustainable technologies,” said ACTION Interim Executive Director, Joan Popolo. “We are proud to have them on our team, and look forward to the support and guidance they will provide our member incubators and their resident entrepreneurs.”

ACTION Presents Session at the 2015 National Business Incubation Association Annual Conference in Denver, CO

May 18, 2015

ACTION's session presentation was well received at this year's NBIA conference, which overall attracted more than 600 incubation and entrepreneurial support professionals to Denver, CO in late April. Twenty seven percent of the attendees came from outside the US. With a growing interest both domestically and internationally in forming regional incubator networks, ACTION's model was of interest to many. The Power of Regional Networks:Advancing Product Commercialization through New England’s Incubator Network, used the example of its manufacturing initiative to demonstrate how ACTION brings together the diverse capabilities and infrastructure of its members to serve the product development and commercialization needs of entrepreneurs. Incubator managers Keith MacKenzie of UMass Dartmouth's Advanced Manufacturing Center and Kristine Schuman of TechPlace in Brunswick, ME co-presented the session with Joan Popolo, ACTION's Interim Executive Director. In addition, members Connecticut Center for Advanced Technologies (E. Hartford, CT), Greentown Labs (Somerville, MA) and Chestnut Innovation Center (Amesbury, MA) contributed slides which described their respective manufacturing program capabilities.

Waters Rise in the Merrimack, Floating All Boats

November 11, 2014

Old Manufacturing, New Manufacturing and the Power of the River

An energetic group of innovative companies, manufacturers, businesspeople, local government and Chamber of Commerce employees gathered at the newly established business ecosystem, Chestnut Innovation Center (CIC), in Amesbury, MA in late October. They came for a panel discussion, CAD It Up! Working with a Design Engineer for Product Manufacturability, hosted by ACTION, the Association of Cleantech Incubators of New England, and the first in a series of manufacturing educational programs for entrepreneurs on topics related to the product commercialization process. The panelists were James Bleck of Bleck Design in Chelmsford, MA, James DiBurro of Round Rock Consulting in Bradford, MA and Daniel Rocconi of Bixby International, Inc. in Newburyport, MA. Bixby International was founded more than 135 years ago in Haverhill, MA as a footwear manufacturer, and a contributor to the region’s footwear manufacturing history. The Merrimack Valley is as rich in manufacturing resources today as it was in the past, ready to assist growing companies with overcoming the challenges of product realization.

Newburyport Cleantech Center moving to Amesbury, rebrands as Chestnut Innovation Center

June 12, 2014

CleanTech Grows in Amesbury

Amesbury Mayor Ken Gray and Newburyport CleanTech Center President Bob O’Brien today announced that the NCTC is locating its new Innovation Center in the former ARC Technologies building on Chestnut Street in Amesbury.

“Amesbury seemed like a perfect fit when we were looking for places to expand,” O’Brien said. “The City is making a commitment to attracting new businesses and job growth. At the same time, it has embraced ‘green community’ status and is making environmental awareness a community priority. That combination makes Amesbury the right place for us to locate our new facility.

Read the Press Release (PDF)

 

From Eviction To Expansion: How Greentown Labs Is Cleaning Up Tech And Going Global

June 11, 2014


Greentown Labs hosted a DEMO Day in October 2013, where entrepreneurs had the opportunity to present in front of investors and politicians. (Photo credit Greentown Labs)

Kerry Flynn, Forbes.com

In 2007, Sam White hoped to assist rural Indian farmers by providing affordable cold storage, so he founded Promethean Power Systems. Four years later, he unexpectedly bridged another gap, more close to home. What began simply as a quest to cut real estate costs became the creation of Greentown Labs, an incubator dedicated to cleantech startups.

From repeated evictions in the up-and-coming innovation hubs of the greater Boston area, White, with the help of three cofounders, established a resource-providing community that has since grown to occupy a 33,000-square-foot facility and serve 46 companies.

Read the Article at Forbes.com (HTML)

 

abiHUB buys co-working space, rebrands as Alpha Loft

June 12, 2014


Keynote speaker Dries Buytaert, founder of Drupal speaks during the Alpha Loft's (formerly abiHub) Party at Arms Park in Manchester on Thursday. (Thomas Roy/Union Leader)

MANCHESTER — The recently rebranded abiHUB is undergoing an expansion that comes with yet another new moniker for the entrepreneurship center and business incubator.

At the annual Party at Arms fundraiser Thursday night in Arms Park, Mark Kaplan, the chief executive officer of abiHUB, and board chair Kyle York announced the organization has purchased the assets of Portsmouth co-working space Alpha Loft, hiring its founder and owner Joshua Cyr.

The joint organization will be called Alpha Loft.

Unlike abiHUB, Kaplan said, the name will be easier to pronounce. It will also better convey the organization’s purpose.

“Alpha represents strength and starting, as the first letter of the Greek alphabet and Loft isn’t only a place,” Cyr said. “It makes us think of our New Hampshire startups really taking off.”

Read the Article at unionleader.com (HTML)

 

ACTION's Italian Partner, Progetto Manifattura, Visits ACTION's Incubators.

June 12, 2014

The heart of American cleantech is on the U.S. East Coast. There ACTION was born, a network of business incubators that includes a production hub in Trentino, Italy.

ACTION member New Hampshire Innovation Commercialization Center (NH-ICC) merges with abi Innovation Hub to become abi Hub

January 29, 2014


Kyle York of Dyn, right, Marc Sedam of UNH, left, and CEO Mark Kaplan gather at the merger between the abi Innovation Hub and the New Hampshire Innovation Commercialization Center. (DAVID LANE/UNION LEADER)

MANCHESTER — Two nonprofit groups are joining forces to expand entrepreneurship in the Granite State, aiming to unite regional efforts to build companies that can grow to become major employers in New Hampshire.

The New Hampshire Innovation Commercialization Center, better known as the NH-ICC, with locations in Portsmouth and Durham; and the abi Innovation Hub, based in Manchester, announced their merger on Wednesday at the abi's headquarters on Elm Street.

The new entity — to be known as the abi HUB — will promote "innovation, commercialization and acceleration," the group said.

Read the Article at unionleader.com (HTML)

 

How Brunswick Landing is Accelerating an Innovative and Renewable Future | GreenEnergyMaine.com

January 06, 2014

On December 19 2013, the Environmental and Energy Technology Council of Maine (E2Tech) hosted a forum event at Brunswick Landing called, "Accelerating an Innovative & Renewable Future". The panel was moderated by Gary Higginbottom of the Hydrogen Energy Center (left). Green Energy Maine was there and brings you this report.

Read the Article at greenenergymaine.com (HTML)

 

Newburyport Clean Tech Center Seeks Executive Director

November 20, 2013

The NCTC is looking for a part-time Executive Director to work with the Board of Directors in further developing and implementing a comprehensive and sustainable plan to achieve the Center’s annual and long-range objectives. We are looking for an experienced professional who enjoys the dynamics of an innovative and dynamic organization and its associated industry. We are seeking an entrepreneurial, talented, ambitious and natural leader who is committed to collaboration, innovation, action and success.

Read the Position Description (PDF)

Quincy Center for Innovation fills incubator gap south of Boston

Oct 30th, 2013

Office space geared toward the needs of startups has grown steadily in recent years in communities around Greater Boston — with the notable exception of areas south of the city.

But that's changing now, with the opening this month of the Quincy Center for Innovation.

Read Article

MRRA wins $2M grant for TechPlace Business Accelerator

Oct 22, 2013

BRUNSWICK, Maine — A building at the former Brunswick Naval Air Station will become a business incubator and technology accelerator for advanced manufacturing companies, thanks to a $2 million grant from the federal government announced Tuesday.

The Midcoast Regional Redevelopment Authority, along with Coastal Counties Workforce Inc., will receive a $2 million Make it in America Challenge grant to create TechPlace, the advanced manufacturing incubator, and to provide workforce training to support the businesses that will occupy it. MRRA is one of only 10 organizations throughout the country to receive such a grant.

Irish professionals visit local CleanTech Center

July 17, 2013

Newburyport Daily News

NEWBURYPORT — Technology professionals from Dublin, Ireland, yesterday toured start-up companies in the CleanTech Center, and plans were made to develop economic partnerships.

Representatives of the overseas group, known as Green Way, met with the Association of Cleantech Incubators (ACTION) of New England. The local clean-tech center is a member of ACTION.

Écotech Québec (Montréal) and ACTION (New England) unite to push the cleantech sector to its full potential

June 18, 2013

 

Montréal, QC, and Fall River, MA - June 18, 2013: Écotech Québec and ACTION (Association of Cleantech Incubators of New England) announced today a formal collaboration to encourage business and research partnerships between the cleantech sectors of the New England region (United States), and Québec (Canada).

Cleantech developers, cleantech end-users and research institutions affiliated with both organizations will benefit from an expanded network to facilitate development and commercialization of cleantech.

Read the Press Release (PDF)

 

ACTION is hiring an Executive Director!

June 4, 2013

 

Application Period extended to June 17th

After more than 3 years from concept to growth, development, and providing tangible benefits to our Members and their emerging companies, in collaboration with our Partners, our Association is poised to make another investment in the Cleantech economy.

ACTION is seeking a flexible and action‐oriented team player to lead our collective day‐to‐day efforts in close cooperation with our Programs Director. The selected candidate will effectively multi‐task across various internal and external activities, and programs in support of ACTION’s mission, taking a strong and visible leadership role, with volunteer, intern and active member support… 

Action Executive Director Position (PDF)

 

Practice Makes Perfect (Pitch)

May 21, 2013

Read Linda Plano’s blog post about the ACTION pitch coaching workshop presented by Plano & Simple on April 29th held at ACTION member incubator, Greentown Labs, in Boston.

Dublin and New England clean-tech clusters join forces to help companies innovate

May 15, 2013

siliconrepublic.com

Dublin’s clean-tech cluster the Green Way is forging a new partnership with ACTION, a network of clean-tech incubators in the New England region of the US. The aim of the alliance is to speed up the commercialisation of clean technologies and to help companies in both regions tap into expertise.

The Governor of Massachusetts Deval Patrick, who is in Ireland this week to attend events such as the eHealth conference in Dublin, will be witnessing the signing of a memorandum of understanding between the Green Way and ACTION today.

Last year, the Green Way forged a similar alliance with San Jose's Environmental Business Cluster in Silicon Valley.
 

ACTION (New England) and The Green Way (Dublin) Join Forces

May 14, 2013

Boston, MA and Dublin, Ireland, May 14, 2013: ACTION (Association of CleanTech Incubators of New England) and The Green Way, Dublin’s Cleantech Cluster, announce a major partnership to accelerate the commercialization and globalization of clean technologies and innovations. The main beneficiaries of this partnership will be cleantech incubators and their client companies, academic institutions and government organizations located in both clusters, who are seeking strategic business alliances and joint research projects, and who are interested in sourcing cutting-edge technologies, commercialization opportunities and related competencies not available in their own locality.

“The historic connection between the New England region and Ireland makes this partnership a natural”, said Michael Ryan, president of ACTION. “Ireland’s close proximity to New England creates a great beachhead for Irish companies and entrepreneurs while offering the same benefit to US-based companies interested in European markets.”

NSIV Hosts Delegation of Incubator Leaders

April 12, 2013

By John Colbourn of NSIV

It was our honor to be selected by The National Business Incubation Association (NBIA) as a showcase during their 27th International Conference this week in Boston. This city is renowned for innovation. It was a great testament to North Shore Innoventures – our mentors, sponsors and entrepreneurs – that NBIA saw the value in making the 22 mile trip to Beverly.

More

Clean Energy Alliance’s New England Members Hosting Supply Chain Exchange

Golden, CO, March 29, 2013

Networking Event for Electrochemical Systems

Clean Energy Alliance members involved in the Northeast Electrochemical Energy Storage Cluster (NEESC), along with the Northeast Energy Commerce Association, will be hosting the 2013 Supply Chain Exchange in Westborough, Massachusetts, on April 3, 2013. This networking event is designed to connect the hydrogen, fuel cell, and other electrochemical systems manufacturers in the Northeast with regional suppliers to accelerate business growth and innovation. This event will include dynamic

The Vesume Group Sponsors ACTION - Sees Clean Technology as Area for Growth

Monday, December 10, 2012

December 10, 2012 (Fall River, MA) - The Vesume Group, a leading staffing and recruiting firm, has agreed to become a corporate sponsor of the Association of Cleantech Incubators of New England (ACTION). The collaboration will assist the incubators’ tenants in finding key talent and develop staffing plans designed to accelerate their growth.

The Vesume Group, a certified women-owned business, specializes in the staffing needs of small and medium-sized businesses. They offer a highly innovative and collaborative service to these companies to help them make quality hires and manage their recruitment costs, including video resumes, personality assessments and skills assessments. “Clean technology is a natural fit for The Vesume Group,” said Jori Blumsack of Vesume, “Our experience in partnering with emerging technology companies will benefit all of the companies in the ACTION network.”

Pelletco receives ACTION award and locates to the Newburyport CleanTech Center

September 26, 2012

Plans Market Expansion for Innovative BioMass Fuel Source

September 26, 2012 (Fall River, MA; Orono, ME; and Newburyport, MA) – ACTION, the Association of Cleantech Incubators of New England, awarded Pelletco space in one of its 13 incubators across New England. Pelletco is using the award to expand its operations to the Newburyport CleanTech Center. Pelletco received the award as a semi-finalist in the Cleantech Open, Northeast region. Pelletco provides locally sourced and sustainable alternative energy solutions utilizing patented biomass fuel technology. Their advanced pellet technology burns substantially cleaner than traditional petroleum, propane, electrical and even wood pellets. “With businesses and institutions in the Northeast spending over $9B each year on oil heat, we hope to replace some of that oil usage with local sustainable biomass, especially in Northern Massachusetts and Southern New Hampshire,” said James Knight, president of Pelletco. “Newburyport is an ideal location for us to expand our market presence.”