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Devens

Natick green energy firm raises $380M to accelerate manufacturing

Natick-based Electric Hydrogen (EH2), a company manufacturing equipment to create hydrogen from water using renewable electricity, has raised $380 million in series C financing, which it will use to accelerate manufacturing to meet customer demand.

Ascend Elements to move HQ from Westborough to Devens after outgrowing home

Ascend Elements is planning to move its headquarters and research-and-development facility from Westborough to Devens in September 2024.

Electric Hydrogen to provide 100MW electrolyzer system for Texas hydrogen project

Natick-based Electric Hydrogen will soon be putting its Devens gigafactory to use, as it has entered an agreement to provide a 100-megawatt electrolyzer system to New Fortress Energy in Texas.

Devens fusion research firm buys 12 acres next to $2B campus for potential expansion

Commonwealth Fusion Systems of Devens purchased a 12-acre development site adjacent to its manufacturing and development facility.
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Growing Devens agriculture company names new CFO

Devens-based Little Leaf Farms named William Hogan as its new executive vice president and CFO.

MassDevelopment expands clean energy financing program to include new construction

MassDevelopment has expanded its Property Assessed Clean Energy Massachusetts program, once available only to existing buildings, to include new construction projects.

FDA signs off on Bristol Myers Squibb’s latest Devens biomanufacturing venture

The global pharmaceutical company has received U.S. Food and Drug Administration approval for commercial cell therapy manufacturing in Devens.

Devens fusion company awarded slice of $46M DOE milestone program

Commonwealth Fusion Systems is one of eight companies nationwide to receive funding as part of an effort to produce a pilot-scale demonstration of fusion energy generation within a decade.
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Central Mass. life science companies receive $3.7M in state tax breaks

Five life science companies with significant operations in Central Mass. were among the 43 firms across Massachusetts chosen to split $24.4 million in tax incentive awards.

🔒Q&A: The Great Exchange in Devens finds new use for businesses’ discards

The Devens Eco-Efficiency Center is a nonprofit providing programs to help companies make more efficient choices, such as by creating The Great Exchange, a marketplace for the reuse of materials destined for the trash.
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