Elemental Impact

Elemental Impact, established in 2009 and located in Honolulu, Hawaii, is an impact investment firm dedicated to fostering positive change through strategic investments. The firm focuses on supporting companies in the energy, mobility, agriculture, circular economy, and water sectors. Elemental Impact aims to improve systems that significantly affect people's lives and has actively invested in numerous startups to facilitate this mission. By providing financial backing and resources, Elemental Impact contributes to the growth of innovative solutions that address critical global challenges.

Mike Curtis

Managing Director, Finance

Danya Hakeem

Managing Director Portfolio

Danielle Harris

Managing Director, Engagement and Innovation

Kimberly Morris

Senior Director of Innovation

Mitch Rubin

Director of Innovation

Joshua Stanbro

Deputy Director, Policy Lab

Past deals in Hawaii

Blue Planet Energy

Seed Round in 2019
Blue Planet Energy Systems, LLC, founded in 2015 and based in Honolulu, Hawaii, specializes in developing pre-packaged energy storage systems designed for residential and commercial solar photovoltaic applications. The company aims to enhance energy independence and promote renewable energy adoption by replacing traditional electrical grids with a distributed energy model. Its flagship product, Blue Ion, integrates advanced battery technology with robust safety features and extended lifespan, complemented by sophisticated software controls to facilitate smart microgrids. Blue Planet Energy has established a significant presence in off-grid and grid-edge markets throughout North America, highlighted by its recent involvement in the largest energy resilience initiative in the United States for the American Red Cross, which encompasses over 6MW of solar power and 11 MWh of Blue Ion storage across 110 microgrids in Puerto Rico.

Shifted Energy

Grant in 2017
Shifted Energy, Inc. develops software solutions and controllers that converts electric water heaters into valuable demand response assets, that enables utilities to stabilize its grid while accelerating the integration of renewable energy. It offers Grid Maestro, a virtual power plant for electric water heaters; as well as Tempo, an electric water heater retrofit controller. Its software technology serves utilities, distributed energy aggregators, building managers, homeowners, and renters. The company was founded in 2014 and is based in Honolulu, Hawaii.

Smart Yields

Grant in 2017
Smart Yields Inc. is a technology company based in Honolulu, Hawaii, that develops a mobile and desktop application designed to assist farmers in monitoring and managing their farm environments. Founded in 2015, Smart Yields utilizes integrated sensors to gather data on various environmental conditions, including soil health, water, air, and nutrient levels. The application provides real-time insights into farm conditions, alerts farmers to significant changes, and facilitates data collection for informed decision-making. By connecting farmers with agricultural researchers and leveraging crowd-sourced data, Smart Yields aims to enhance productivity and sustainability in agriculture. The company is committed to empowering farmers and addressing the growing demand for food production, particularly in Hawaii, which aims to double its food output by 2030. Smart Yields has received recognition for its innovative approach and has participated in prominent accelerator programs, underscoring its role in advancing agricultural technology.

In2lytics

Grant in 2017
In2lytics LLC is a data analytics company that specializes in developing software solutions for the electric grid worldwide. Founded in 2016 and based in Honolulu, Hawaii, In2lytics offers a comprehensive platform that integrates various data sources, including SCADA and AMI, to provide analytics and visualization tools. This platform facilitates the ingestion, processing, and real-time querying of time-series data, enabling utilities to gain valuable insights that enhance planning and decision-making. By leveraging its software, clients can improve system availability while reducing operational costs, ultimately supporting more effective and data-driven operational strategies.

Pono Home

Seed Round in 2016
Pono Home specializes in green home consulting services designed for homeowners and renters seeking to enhance sustainability. Founded in 2013, the company provides personalized, in-home assessments that cover various aspects of a residence, including vampire power, lighting, appliances, and water usage. Clients receive a complimentary audit that evaluates key areas such as kitchens, bathrooms, living rooms, and bedrooms, along with an inspection of major appliances for potential improvements. Following the assessment, customers are provided with a detailed report outlining opportunities for enhancing energy efficiency and reducing utility costs. Additionally, Pono Home offers maintenance services that include cleaning refrigerator condenser coils, optimizing dishwasher settings, sealing drafts, and other tasks aimed at promoting environmental responsibility and cost savings. By educating clients and implementing practical changes, Pono Home helps residents lower their carbon footprint and manage their utility expenses effectively.

Shifted Energy

Seed Round in 2015
Shifted Energy, Inc. develops software solutions and controllers that converts electric water heaters into valuable demand response assets, that enables utilities to stabilize its grid while accelerating the integration of renewable energy. It offers Grid Maestro, a virtual power plant for electric water heaters; as well as Tempo, an electric water heater retrofit controller. Its software technology serves utilities, distributed energy aggregators, building managers, homeowners, and renters. The company was founded in 2014 and is based in Honolulu, Hawaii.

Kunoa Cattle Company

Seed Round in 2015
Kunoa Cattle Company, LLC, established in 2014 and located in Kilauea, Hawaii, focuses on large-scale local food production by raising cattle through vertically integrated supply chains. The company aims to provide abundant, fresh, and healthy beef products by utilizing local forages and implementing holistic planned grazing techniques. Their livestock harvest facility is powered by renewable energy, ensuring that consumers receive quality-oriented, pasture-raised, and natural beef. Kunoa Cattle Company emphasizes sustainable practices in its operations, contributing to the local food ecosystem while meeting consumer demand for ethically sourced beef.

WattIQ

Seed Round in 2014
WattIQ, originally founded as Ibis Networks in 2013, specializes in energy management solutions aimed at reducing energy waste from electrical devices. The company addresses the significant financial losses businesses incur from devices that consume power when not in active use. WattIQ's product line includes advanced networked smart plugs designed for scalability and reliability, particularly in higher education and K-12 institutions. Recent expansions of their offerings focus on asset utilization and condition monitoring, allowing businesses to leverage energy consumption data to optimize resource sharing, minimize unnecessary equipment purchases, identify operational bottlenecks, and lower their carbon footprint. With a commitment to enhancing asset management and sustainability, WattIQ empowers organizations to make informed decisions regarding energy use and procurement. The company operates from its headquarters in Honolulu, Hawaii, with additional locations in California and Washington.

WattIQ

Seed Round in 2013
WattIQ, originally founded as Ibis Networks in 2013, specializes in energy management solutions aimed at reducing energy waste from electrical devices. The company addresses the significant financial losses businesses incur from devices that consume power when not in active use. WattIQ's product line includes advanced networked smart plugs designed for scalability and reliability, particularly in higher education and K-12 institutions. Recent expansions of their offerings focus on asset utilization and condition monitoring, allowing businesses to leverage energy consumption data to optimize resource sharing, minimize unnecessary equipment purchases, identify operational bottlenecks, and lower their carbon footprint. With a commitment to enhancing asset management and sustainability, WattIQ empowers organizations to make informed decisions regarding energy use and procurement. The company operates from its headquarters in Honolulu, Hawaii, with additional locations in California and Washington.
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