Element Partners

Element Partners, established in 1995 and based in Pennsylvania, specializes in investing in established high-growth companies within the energy and clean technology sectors. The firm targets businesses that offer innovative solutions to global energy, resource, and environmental challenges. Element Partners aims to foster long-term partnerships with dedicated business leaders who have developed pioneering companies. With a history of managing over $1.2 billion in capital commitments across six investment partnerships, the firm has a significant track record in supporting the growth of energy, industrial, and environmental enterprises. Over its more than fourteen years of experience, Element has invested in over 100 clean technology companies, positioning itself as one of the early and most experienced investors in the alternative energy and clean technology space.

Raj Atluru

Managing Director

Michael Bevan

General Partner

Douglas Brown

Operating Partner and Senior Advisor

Sam Gabbita

Principal

David Lincoln

Founder and General Partner

Macy W. Summers

Operating Partner

41 past transactions

WPT Enterprises

Acquisition in 2021
WPT Enterprises, Inc., is the creator of the World Poker Tour (WPT) – the premier name in internationally televised gaming and entertainment with brand presence in land-based tournaments, television, online and mobile. Leading innovation in the sport of poker since 2002, WPT ignited the global poker boom with the creation of a unique television show based on a series of high-stakes poker tournaments. WPT has broadcast globally in more than 150 countries and territories, and is currently producing its 14th season, which will air on FSN in the United States. Season XIV of WPT is sponsored by ClubWPT.com, a unique online membership site that offers inside access to the WPT, as well as a sweepstakes-based poker club available in 35 states across the United States. ClubWPT.com also sponsors Season II of the WPT Alpha8 series of super-high roller poker tournaments which is currently in production and which will air on FOX Sports 1 in the United States. WPT participates in strategic brand license, partnership, and sponsorship opportunities. WPT Enterprises, Inc. is a subsidiary of Ourgame International Holdings, Ltd.

Circle Pharma

Series A in 2017
Circle Pharma, Inc. is an early-stage biotechnology company based in South San Francisco, California, specializing in the development of cell permeable macrocyclic peptide therapeutics. Founded in 2012 by Professors Matt Jacobson and Scott Lokey, the company utilizes proprietary computational design algorithms alongside innovative synthetic chemistry to target significant clinical challenges. Circle Pharma employs an iterative design process that creates large virtual libraries of diverse macrocycle scaffolds, chosen for their inherent permeability. This approach allows the company to develop potent and specific therapeutics aimed at important clinical targets. David J. Earp serves as the company's leader, guiding its mission to advance peptide-based therapies.

Leff Electric

Venture Round in 2015
Leff Electric is a wholesale company providing electrical products and services.

AquaVenture Holdings

Venture Round in 2015
AquaVenture Holdings is a water purification company that specializes in the service industry. Through its Quench and Seven Seas Water businesses, AVH provides water solutions, utilizing state-of-the-art purification and desalination technologies. It was founded in 2006 and headquartered in Tampa, Florida.

AquaVenture Holdings

Venture Round in 2014
AquaVenture Holdings is a water purification company that specializes in the service industry. Through its Quench and Seven Seas Water businesses, AVH provides water solutions, utilizing state-of-the-art purification and desalination technologies. It was founded in 2006 and headquartered in Tampa, Florida.

Quench

Venture Round in 2014
Quench USA, Inc. specializes in providing Water-as-a-Service solutions through its innovative bottleless filtered water coolers and other related products, such as ice machines and sparkling water dispensers. The company employs advanced filtration and sanitization technologies, including carbon filtration, reverse osmosis, and UV treatment, to purify existing water supplies, ensuring a reliable source of clean and great-tasting water for its customers. Quench serves a diverse range of end-markets, including government, education, healthcare, manufacturing, retail, and hospitality, with a significant presence among large commercial clients, including many Fortune 500 companies. Headquartered near Philadelphia, Quench operates as an independent entity under AquaVenture Holdings, focusing on reducing environmental impact by eliminating the need for bulky plastic water jugs.

Turbine Air Systems

Venture Round in 2013
Turbine Air Systems designs and manufactures modular cooling and energy systems for the power generation industry, the district, commercial and industrial process cooling industries, and the industrial sector. The company specializes in high-efficiency standard product designs optimized for low life cycle cost performance. Their product capabilities include chilled water systems, air-cooled systems, clean heat and power on-site energy systems, and industrial waste heat solutions.

Hayward Gordon

Venture Round in 2013
Hayward Gordon is a pump, mixer, strainer and engineered systems manufacturer that specializes in wastewater treatment pumps.

Edeniq

Venture Round in 2012
Edeniq Inc. is a biotechnology company specializing in the conversion of cellulosic biomass into industrial sugars and cellulosic ethanol. Founded in 2006 and headquartered in Visalia, California, the company has developed innovative technologies, including the Cellunator, a device that enhances starch extraction from corn, and the Intellulose platform, which allows for the production of cellulosic ethanol from corn kernel fiber. Edeniq's solutions are designed for easy integration into existing ethanol production facilities without requiring significant capital investment. The company licenses its technologies to bio-refineries in the United States and Brazil, helping them improve efficiency and increase the yield of valuable biofuels and biochemicals.

Environmental Drilling Solutions

Private Equity Round in 2012
Environmental Drilling Solutions provides solids control services using its proprietary, patent-pending mobile and skid-mounted equipment. EDS also provides rig vacuum systems, storage tanks, pressure washers, and other related equipment and services.

Soleras Advanced Coatings

Private Equity Round in 2012
Soleras Advanced Coatings BVBA manufactures sputter equipment and material targets for specific sputter applications. Its products include sputtering components; sputter hardware that include horizontal and vertical cathodes, magnetrons, magnet bars, and industrial electronic components; planar and rotatable ceramic and metallic sputter targets; and other sputter targets. The company also provides value creation simulations, audits, pre-projects for upgrade solutions, and technical assistance services; and after-sales services, such as commissioning, end block revisions, spare parts, and recycling of backing tubes. It offers its products for various applications, such as manufacturing energy efficient low-E glass, electrochromic and smart glass, thin film photovoltaic panels, and displays used in touch screen phones and tablet computers. The company serves customers in glass coating, photovoltaic, flat panel display, transparent conductive coating, decorative coating, tribological coating, and optical coating markets. Soleras Advanced Coatings BVBA was formerly known as Soleras Ltd. and changed its name to Soleras Advanced Coatings BVBA on April 1, 2012. The company was founded in 1968 and is based in Deinze, Belgium. It has locations in Biddeford, Maine; Spring Green, Wisconsin; Jiangyin, China; and Taipei, Taiwan.

Quench

Venture Round in 2011
Quench USA, Inc. specializes in providing Water-as-a-Service solutions through its innovative bottleless filtered water coolers and other related products, such as ice machines and sparkling water dispensers. The company employs advanced filtration and sanitization technologies, including carbon filtration, reverse osmosis, and UV treatment, to purify existing water supplies, ensuring a reliable source of clean and great-tasting water for its customers. Quench serves a diverse range of end-markets, including government, education, healthcare, manufacturing, retail, and hospitality, with a significant presence among large commercial clients, including many Fortune 500 companies. Headquartered near Philadelphia, Quench operates as an independent entity under AquaVenture Holdings, focusing on reducing environmental impact by eliminating the need for bulky plastic water jugs.

Agility Fuel Solutions

Private Equity Round in 2011
Agility Fuel Solutions LLC is a leading global manufacturer specializing in alternative fuel storage and delivery systems, as well as composite cylinders designed for medium- and heavy-duty commercial vehicles. Founded in 1996 and headquartered in Costa Mesa, California, the company caters to original equipment manufacturers, dealers, and fleet operators. With manufacturing facilities located in North America, South America, India, and Europe, Agility Fuel Solutions focuses on natural gas fuel systems and composite CNG cylinders. The company, which was formerly known as Agility Fuel Systems, Inc., rebranded in October 2016 and operates as a subsidiary of Hexagon Composites ASA.

Edeniq

Series B in 2010
Edeniq Inc. is a biotechnology company specializing in the conversion of cellulosic biomass into industrial sugars and cellulosic ethanol. Founded in 2006 and headquartered in Visalia, California, the company has developed innovative technologies, including the Cellunator, a device that enhances starch extraction from corn, and the Intellulose platform, which allows for the production of cellulosic ethanol from corn kernel fiber. Edeniq's solutions are designed for easy integration into existing ethanol production facilities without requiring significant capital investment. The company licenses its technologies to bio-refineries in the United States and Brazil, helping them improve efficiency and increase the yield of valuable biofuels and biochemicals.

Biofuelbox

Venture Round in 2009
BioFuelBox Corporation, an alternative energy company, provides modular bio-refineries for converting waste materials into biodiesel. It focuses on processing various materials, such as brown grease, wastewater scum/sludge, used cooking oil, waste fish oil, animal fats and tallow, and algae paste, as well as municipal fats, oil, and greases. BioFuelBox Corporation serves industries and municipalities. The company was incorporated in 2006 and is headquartered in San Jose, California with a plant location in Idaho.

TPI Composites

Series B in 2009
TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, Africa, and India. The company was formerly known as LCSI Holding, Inc. and changed its name to TPI Composites, Inc. in 2008. TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona.

Turbine Air Systems

Private Equity Round in 2009
Turbine Air Systems designs and manufactures modular cooling and energy systems for the power generation industry, the district, commercial and industrial process cooling industries, and the industrial sector. The company specializes in high-efficiency standard product designs optimized for low life cycle cost performance. Their product capabilities include chilled water systems, air-cooled systems, clean heat and power on-site energy systems, and industrial waste heat solutions.

CoalTek

Series D in 2009
CoalTek's technology reduces moisture content in a broad range of coals, optimizing plant efficiency and delivering environmental integrity. The CoalTek process was developed, tested, and proven over eight years by Dr. Jerry Weinberg, the company's co-founder, along with chief geologist Neil Ginther. CoalTek opened its first commercial processing facility in Calvert City, Kentucky in 2006. The plant's initial capacity of 120,000 tons/yr will be expanded in the future, and there are also plans to build additional facilities, to meet the growing demand for clean coal.

Electro-Petroleum

Series A in 2008
Electro-Petroleum, Inc. provides heavy oil recovery solutions. It offers Electrically Enhanced Oil Recovery, a process that enables the recovery of heavy oil by applying electric currents to hydrocarbons in the ground. The company is based in Villanova, Pennsylvania.

Quench

Series A in 2008
Quench USA, Inc. specializes in providing Water-as-a-Service solutions through its innovative bottleless filtered water coolers and other related products, such as ice machines and sparkling water dispensers. The company employs advanced filtration and sanitization technologies, including carbon filtration, reverse osmosis, and UV treatment, to purify existing water supplies, ensuring a reliable source of clean and great-tasting water for its customers. Quench serves a diverse range of end-markets, including government, education, healthcare, manufacturing, retail, and hospitality, with a significant presence among large commercial clients, including many Fortune 500 companies. Headquartered near Philadelphia, Quench operates as an independent entity under AquaVenture Holdings, focusing on reducing environmental impact by eliminating the need for bulky plastic water jugs.

DynaPump

Series C in 2008
DynaPump, Inc. manufactures, sells and services surface mounted artificial lift systems for the oil and gas industry to optimize the production of oil and gas wells. The company was founded in 1992 and began commercial sale of products in 1999. DynaPump has sold over 400 units in various markets including North America, South America and the Middle East. DynaPump supports its product through company–owned service centers within the United States and utilizes local distributors to sell and service the product in international markets.

EcoSMART Technologies

Venture Round in 2008
EcoSMART Technologies, Inc. manufactures pesticide solutions and pet care products based on natural ingredients. The company offers a range of pest control products, including ant and roach killers; bed bug killers and repellents; flea and tick control products, repellents, and sprays; flying insect killers, granules, and repellents; garden fungicides; garden insect killers; home pest control products; lawn insect killers; mosquito and tick control products; mosquito foggers; spider blasters; wasp and hornet killers; and weed and grass killers. It also provides pet care products, including conditioners, detanglers, shampoos, flea and tick controls, repellents, and sprays for residential and commercial markets. It offers its products online, as well as through retail stores. The company was founded in 1992 and is headquartered in Atlanta, Georgia. EcoSMART Technologies, Inc. operates as a subsidiary of Kittrich Corporation.

Wasatch Wind

Series B in 2008
Wasatch Wind, founded in Utah in 2002, specializes in the development of wind energy projects aimed at harnessing natural resources for alternative energy generation. Initially established as Wind Tower Composites, LLC, the company focused on creating lightweight, taller, and modular wind turbine towers for large-scale utility applications. Following a strategic shift in design to incorporate steel constructions and damper technologies, it was rebranded as Wind Tower Systems, LLC. With the support of the Department of Energy and the California Energy Commission, Wasatch Wind secured significant funding to advance research, development, and the testing of its innovative wind turbine tower designs. The company concentrates on identifying optimal locations for wind energy production, designing efficient systems, and facilitating the installation of wind turbine technology, thereby enabling clients to produce renewable energy effectively.

Ecore

Series A in 2008
Based in Lancaster, PA, ECORE has made a thriving business out of finding creative ways to reduce, reuse and recycle since 1989. Their company operated as Dodge-Regupol, Inc. until 2008 and is North America's largest user of scrap tire rubber. Each year, they recycle 80 million pounds of scrap tire rubber, helping conserve more than 1 million barrels of oil in the process to convert pliable treads into durable products for the construction, consumer, commercial, industrial and sports and leisure markets. Their corporate tradition is rooted in doing what's right long-term for the environment while at the same time striving in all parts of their business to exceed their customers' expectations and make their experience with their organization, and portfolio of brands, a positive one.

Edeniq

Series A in 2008
Edeniq Inc. is a biotechnology company specializing in the conversion of cellulosic biomass into industrial sugars and cellulosic ethanol. Founded in 2006 and headquartered in Visalia, California, the company has developed innovative technologies, including the Cellunator, a device that enhances starch extraction from corn, and the Intellulose platform, which allows for the production of cellulosic ethanol from corn kernel fiber. Edeniq's solutions are designed for easy integration into existing ethanol production facilities without requiring significant capital investment. The company licenses its technologies to bio-refineries in the United States and Brazil, helping them improve efficiency and increase the yield of valuable biofuels and biochemicals.

Apex Construction

Series B in 2008
At APEX, Their differentiation lies in their company's philosophy and their collective decision to take a more earth-friendly path to providing their customers with a smarter solution to building a more sustainable dwelling. Their conscious choice to use only 100% post-industrial/pre-consumer EPS to create their energy-efficient blocks was not a mistake. Their vision of providing occupants of their structures with greater protection against fire, high winds, earthquakes, infestation, and mold has been realized. As you journey through their site, they encourage you to compare their product to others, and they invite you to share your feedback, as they continually listen to their customers in order to provide a superior product.

Seven Seas Water

Venture Round in 2008
Seven Seas Water Corporation specializes in outsourced water and wastewater treatment services for a diverse range of clients including governmental, municipal, industrial, property developers, and hospitality sectors in the United States and internationally. Founded in 1996 and headquartered in Tampa, Florida, the company provides a comprehensive suite of solutions, including desalination, advanced water treatment, and wastewater management, typically through a build-own-operate model. This approach allows Seven Seas Water to cover capital costs and manage all aspects of facility operation, ensuring clients receive a reliable water supply at a fixed rate. The company also maintains a fleet of mobile reverse osmosis units for rapid deployment in emergency situations. With a strong management team boasting over 350 years of combined experience, Seven Seas Water has established successful public-private partnerships in the Caribbean and continues to expand its presence across the Americas.

PPT Reasearch

Series B in 2008
PPT developed proprietary chemistry and process technology that enables cost-effective slurry management for the solar, semiconductor, and optical industries. The Company's initial focus is outsourcing slurry management used to slice silicon ingots into wafers for use in photovoltaic cells, integrated circuits, and fiber optics.

Imergy Power Systems

Series B in 2008
Imergy Power Systems, Inc. is a cleantech company focused on developing and manufacturing electrical energy storage systems. Based in Fremont, California, the company offers an Energy Storage Platform (ESP) that helps reduce energy costs, optimize renewable power generation, and enhance overall power reliability. Imergy's products are designed to provide individuals and businesses with cost-effective solutions for energy storage, enabling them to stabilize the grid and maximize the potential of renewable energy sources. One of its notable innovations is the L-Cell, a novel battery technology aimed at long-term energy storage, including applications for space exploration. Imergy Power Systems aims to deliver flexible and environmentally friendly energy storage solutions that mitigate the physical hazards and environmental toxicity associated with traditional batteries.

Fat Spaniel Technologies

Series B in 2008
Founded in 2003, Fat Spaniel Technologies is the leading independent provider of critical monitoring and reporting services for the renewable energy industry. Today, the company's solutions are utilized by solar power producers, financiers, system integrators, and OEMs, and growing a growing number of wind power companies. Fat Spaniel solutions help optimize energy output, reduce operations and maintenance costs, contain risk, and increase return on investment for renewable energy power plant projects.

Biofuelbox

Series A in 2007
BioFuelBox Corporation, an alternative energy company, provides modular bio-refineries for converting waste materials into biodiesel. It focuses on processing various materials, such as brown grease, wastewater scum/sludge, used cooking oil, waste fish oil, animal fats and tallow, and algae paste, as well as municipal fats, oil, and greases. BioFuelBox Corporation serves industries and municipalities. The company was incorporated in 2006 and is headquartered in San Jose, California with a plant location in Idaho.

Think Global

Series B in 2007
Think Global has been developing and producing urban mobility solutions since the early 1990s. Major investments made during the Ford ownership period contributed to an important infrastructural upgrade. New investors are now grooming Think as The Car Company of the 21st Century."

DynaPump

Series C in 2007
DynaPump, Inc. manufactures, sells and services surface mounted artificial lift systems for the oil and gas industry to optimize the production of oil and gas wells. The company was founded in 1992 and began commercial sale of products in 1999. DynaPump has sold over 400 units in various markets including North America, South America and the Middle East. DynaPump supports its product through company–owned service centers within the United States and utilizes local distributors to sell and service the product in international markets.

Petra Systems

Series A in 2007
Petra Solar is a technology company, pioneering "smart solar" which couples distributed solar energy generation with smart grid technology, with their own smart grid communication infrastructure and platform. Petra Solar's smart energy systems are being deployed in both the largest distributed solar electric project and the largest rooftop project in the world today.

Fat Spaniel Technologies

Series A in 2006
Founded in 2003, Fat Spaniel Technologies is the leading independent provider of critical monitoring and reporting services for the renewable energy industry. Today, the company's solutions are utilized by solar power producers, financiers, system integrators, and OEMs, and growing a growing number of wind power companies. Fat Spaniel solutions help optimize energy output, reduce operations and maintenance costs, contain risk, and increase return on investment for renewable energy power plant projects.

Imergy Power Systems

Series A in 2006
Imergy Power Systems, Inc. is a cleantech company focused on developing and manufacturing electrical energy storage systems. Based in Fremont, California, the company offers an Energy Storage Platform (ESP) that helps reduce energy costs, optimize renewable power generation, and enhance overall power reliability. Imergy's products are designed to provide individuals and businesses with cost-effective solutions for energy storage, enabling them to stabilize the grid and maximize the potential of renewable energy sources. One of its notable innovations is the L-Cell, a novel battery technology aimed at long-term energy storage, including applications for space exploration. Imergy Power Systems aims to deliver flexible and environmentally friendly energy storage solutions that mitigate the physical hazards and environmental toxicity associated with traditional batteries.

BMG Controls

Venture Round in 2006
BMG Controls, Inc., doing business as, BMG Seltec provides operations support software, global position system vehicle tracking, plant control systems, and point of sale solutions to producers of asphalt, aggregates, and ready mixed concrete. The company offers software maintenance, updates and upgrades, and training services. It also provides feasibility assessment, needs analysis, scope documentation, product specification, best practice analysis, project planning and management, site surveys, on-site installation/configuration, plant troubleshooting and tuning, and information technology consulting services. The company serves bulk construction materials industries in North American markets. BMG Controls, Inc. has strategic partnership with Rice Lake Weighing Systems. BMG Controls, Inc. was founded in 1989 and is headquartered in Livermore, California with an additional office in Columbus, Ohio.

Miartech

Series A in 2006
Miartech(Shanghai),Inc. develops, manufactures, and distributes Interne of Things technology products for use in smart grids, smart cities, building energy efficiency, smart homes, clean energy access, street light management, photovoltaic, and ecological agricultural applications. Its products and services include intelligent building and energy saving systems, power line carrier communication (PLC) chips and modules, chip module customization, and software development services. The company was founded in 2004 and is based in Shanghai, China.

FuelQuest

Private Equity Round in 2003
FuelQuest is an e-Marketplace that provides logistics and service solutions, on-demand fuel supply chain management, and taxation solutions for commercial, private and public sector fleets, petroleum retailers, marketers; and producers. It offers a Software-as-a-Service fuel management solution that automates various aspects of fuel management processes, including demand forecasting, fulfillment, inventory management, sales and purchase order management, financial management, and environmental compliance. FuelQuest was founded by Richard C. Cilento and Jr. in 1999; and is headquartered in Houston, Texas.
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