Image courtesy of Lincoln Brown

A Westborough-based clean energy company will relocate its headquarters to a new building at King Street Properties’ Pathways Devens campus.

The 101,000-square-foot lease at 39 Jackson Road gives Ascend Elements an opportunity to expand in the future, the company said. The Pathways location, which is currently under construction, will serve as its world headquarters and tech center beginning in September 2024.

Ascend Elements also is building a $1 billion manufacturing facility in Kentucky and recently signed a $1 billion contract to supply the electric vehicle market.

After developing technology by Worcester Polytechnic Institute researchers, the company has received $680 million in venture capital and federal grant funding in recent years.

Clean energy companies have become a potent source of tenant demand in Greater Boston, as both private investors and the federal government pour funding into the sector to reduce dependence on greenhouse gas-producing fossil fuels.

The clean energy sector leased nearly 1 million square feet in Greater Boston since early 2022, according to Hunneman research released in July.

“We look forward to having space to expand and a facility that will meet our current and future needs,” Ascend Elements CEO Mike O’Kronley said in a statement.

This transaction marks the full lease-up of the first phase of King Street’s Pathway Devens development, which will include five buildings totaling 750,000 square feet upon completion. 

Previous leases were signed by Commonwealth Fusion Systems, Electric Hydrogen and biotech cleanroom provider Azzur Group.

Colliers’ John Carroll III and Kevin Brawley represented Ascend Elements in the lease transaction. CBRE’s Brian McKenzie and Alex Plaistead represented King Street Properties.