A new Colorado Center for Renewable Energy Economic Development (CREED) is being established in Golden, Colorado, to help start-up clean energy companies.

CREED is designed to bring together stakeholders and service providers that support the creation and growth of new cleantech companies, contributing to economic development in Colorado.

It is being set up through a collaborative partnership to expand cleantech entrepreneurship in Colorado, the U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) and the State of Colorado.

“CREED will boost growth in the energy sector by bringing together innovation, entrepreneurialism and job-creation,” said TJ Deora, Director of the Governor’s Energy Office.

“CREED provides real value in bringing together expertise in technology, energy markets, and economic development, and the support we receive boosts our efforts to recruit more clean energy investment to Colorado.”

“Leveraging the resources of DOE, NREL, the State of Colorado and industry — all under one roof — simply makes sense,” NREL’s Senior Vice President for Commercialization & Deployment Casey Porto said.

“By making it easier to work with one another and communicate on a regular basis, we will enhance our ability to drive sustainable economic development and job creation. We are already seeing the benefits of this close collaboration in helping identify key areas to focus resources within the Colorado cleantech ecosystem, and in developing new programs to serve the needs of the cleantech entrepreneurs.”

CREED is currently working with more than 25 stakeholders — governmental partners, universities, industry associations, venture capital organizations, and small businesses — in part to improve the access these groups have to technologies developed at NREL and to provide services such as classes and workshops for entrepreneurs.

“The State of Colorado is excited to be a partner in this unique and innovative collaboration, and looks forward to making progress in accelerating economic development for renewable energy in our state,” Dwayne Romero, executive director of the Colorado Office of Economic Development and International Trade, said.

CREED will work to accelerate the commercial deployment of renewable energy and energy efficiency technologies that emerge from NREL’s programs. NREL’s Commercialization and Technology Transfer division will occupy the building along with representatives from CREED member agencies. CREED also has office space available for visiting industry and university collaborators. CREED is in the Denver West Office Park, near NREL’s South Table Mountain campus.

On June 23, CREED will offer its first class for entrepreneurs focusing on the creation of successful cleantech business plans as part of the CREED Entrepreneur Series. This program, focused on educating cleantech entrepreneurs, will incorporate classes, workshops, “pitch practices” and opportunities to meet with potential investors.

NREL is DOE’s primary national laboratory for renewable energy and energy efficiency research and development. NREL is operated for DOE by The Alliance for Sustainable Energy, LLC.

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