Founded in 2011, Greentown Labs is the largest cleantech incubator in the U.S., noted the release. The new partnership allows Veolia professionals to share their advice and experiences with entrepreneurs at the facility. Veolia Research & Innovation Director, North America, Yann Moreau will serve on Greentown Labs’ advisory board.
Cleantech and energy-focused startups can use Greentown Labs to move from prototyping products and services to pilot testing and first customers, stated the release. Its 33,000 square feet include a prototyping lab, machine shop and 3D printer. More than 40 member companies are present on-site.
"There is a lot of excitement right now with hardware incubators and accelerators," said Laurent Auguste, Veolia’s senior evp innovation & markets, said in the release. "As these entrepreneurs know, new tools are making it possible to make dramatic and exciting innovations in the energy space. We are excited to match our expertise with their fresh perspectives to better resource the world with smart energy services and technologies."
Veolia provides environmentally friendly "Green Steam" to the downtown Boston/Cambridge area with a network of district energy steam pipes, reported the release. The technology reduced the Boston area’s green house gas emissions by 475,000 tons per year.
"Corporations like Veolia are very important partners for Greentown Labs, not only because of the financial support they offer, but also through the resources, knowledge, expertise and investments in member companies they bring to the table. They provide the nourishment that helps our companies grow," shared Emily Reichert, CEO of Greentown Labs, in the release.
"Veolia brings a very unique skillset to the entrepreneurs at Greentown Labs with their work running district energy systems and reducing carbon emissions for the Boston area," continued Reichert in the release. "Veolia’s local expertise with the area’s municipal and commercial customers gives our cleantech entrepreneurs access to a wealth of energy experience."