MITEI launched a new membership class for energy startups in 2018 to bring them into MITEI's ecosystem and enable them to meet research and development challenges. Through the membership, energy startups gain access to MIT labs, scientists, and engineers to help accelerate their development and commercialization of environmentally friendly energy systems. Commonwealth Fusion Systems was the first startup member, signing a three-year agreement to work with MITEI to make magnetic fusion power commercially feasible, and more energy startups will join the program in the future.

1. MITEI LAUNCHES
MEMBERSHIP MODEL
FOR ENERGY STARTUPS
Art Samberg

2. INTRODUCTION
 Retired equity investor Arthur (Art) J. Samberg is an owner of family office Hawkes
Financial, LLC. Outside of finance, Art Samberg sits on the MIT Energy Initiative
(MITEI) Board of Advisors.
MITEI is a hub of energy-based research and education. The initiative’s mission is to
create no-carbon or low-carbon solutions that efficiently meet the world’s energy
needs.
In 2018, MITEI opened a new membership class for energy startups. The class
brings energy startups into MITEI’s ecosystem, enabling them to meet the research
and development challenges they face.
Through the class, MITEI’s existing members share their knowledge with energy
startups, helping them accelerate the development and commercialization of
environmentally friendly energy systems. Membership in MITEI comes with access
to MIT labs, scientists, and engineers, enabling startups to combine their tools with
top talent at MIT.
Commonwealth Fusion Systems was the first startup member of MITEI. The
company signed a three-year membership agreement with MITEI to make magnetic
fusion power commercially feasible. More energy startups will be inducted in the
future.