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 GreenTech

OhmConnect

Series D in 2022
OhmConnect, Inc. is a technology company based in Oakland, California, that focuses on transforming household energy savings into monetary compensation. Established in 2013, it operates as a software-based power plant, encouraging users to reduce their electricity consumption during peak demand periods. Instead of activating traditional fossil fuel power plants, OhmConnect compensates users for their energy reductions, which can be sold into energy markets as additional generation. The company integrates with users' smart devices, such as Wi-Fi thermostats and electric vehicles, to automate energy savings and provide real-time analytics on energy usage. Users earn points for participating in energy reduction events, which can be redeemed for cash. Through its innovative approach, OhmConnect aims to promote environmental sustainability while helping users save on their electricity bills.

Fervo Energy

Series B in 2021
Fervo Energy is a next-generation geothermal developer generating clean power in new places. Fervo Energy commercializes proprietary technology to own, develop, and operate geothermal assets as the dispatchable foundation to a 100% clean energy future.

BlocPower

Series A in 2021
BlocPower is an energy technology startup based in Los Angeles, California, focused on developing sustainable solutions for buildings. The company provides solar power and energy efficiency products aimed at reducing energy costs for churches, schools, small businesses, non-profits, and homeowners. By leveraging data, thermodynamic models, and advanced technology, BlocPower upgrades buildings to make them healthier, greener, and smarter, while also tackling carbon emissions. The company collaborates with various stakeholders, including governments, utilities, building owners, lenders, contractors, and equipment providers, to electrify buildings and promote energy savings, particularly in financially underserved communities. Through its initiatives, BlocPower aims to contribute to the creation of environmentally friendly and healthy urban spaces.

BlocPower

Series A in 2021
BlocPower is an energy technology startup based in Los Angeles, California, focused on developing sustainable solutions for buildings. The company provides solar power and energy efficiency products aimed at reducing energy costs for churches, schools, small businesses, non-profits, and homeowners. By leveraging data, thermodynamic models, and advanced technology, BlocPower upgrades buildings to make them healthier, greener, and smarter, while also tackling carbon emissions. The company collaborates with various stakeholders, including governments, utilities, building owners, lenders, contractors, and equipment providers, to electrify buildings and promote energy savings, particularly in financially underserved communities. Through its initiatives, BlocPower aims to contribute to the creation of environmentally friendly and healthy urban spaces.

OhmConnect

Series C in 2020
OhmConnect, Inc. is a technology company based in Oakland, California, that focuses on transforming household energy savings into monetary compensation. Established in 2013, it operates as a software-based power plant, encouraging users to reduce their electricity consumption during peak demand periods. Instead of activating traditional fossil fuel power plants, OhmConnect compensates users for their energy reductions, which can be sold into energy markets as additional generation. The company integrates with users' smart devices, such as Wi-Fi thermostats and electric vehicles, to automate energy savings and provide real-time analytics on energy usage. Users earn points for participating in energy reduction events, which can be redeemed for cash. Through its innovative approach, OhmConnect aims to promote environmental sustainability while helping users save on their electricity bills.

BlocPower

Venture Round in 2020
BlocPower is an energy technology startup based in Los Angeles, California, focused on developing sustainable solutions for buildings. The company provides solar power and energy efficiency products aimed at reducing energy costs for churches, schools, small businesses, non-profits, and homeowners. By leveraging data, thermodynamic models, and advanced technology, BlocPower upgrades buildings to make them healthier, greener, and smarter, while also tackling carbon emissions. The company collaborates with various stakeholders, including governments, utilities, building owners, lenders, contractors, and equipment providers, to electrify buildings and promote energy savings, particularly in financially underserved communities. Through its initiatives, BlocPower aims to contribute to the creation of environmentally friendly and healthy urban spaces.

Leap

Series A in 2020
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

Terviva

Series D in 2019
Terviva is an agricultural company focused on developing and commercializing pongamia, a crop suitable for underproductive agricultural land. Founded in 2010 and based in Oakland, California, Terviva utilizes patented pongamia genetics and advanced propagation techniques to cultivate trees that produce seeds for oil, which can be converted into biofuels and chemicals. The company also generates high-protein de-oiled pongamia seed cake appropriate for animal feed and biomass pods for bio-power production. By offering sustainable food and fuel solutions, Terviva aims to support farmers in their efforts to provide for communities while promoting environmental stewardship.

Zero Mass Water

Venture Round in 2018
Zero Mass Water, Inc. specializes in developing and manufacturing solar-powered equipment that extracts potable water from the atmosphere. The company's flagship product, the SOURCE array, consists of hydropanels that harness solar energy to produce clean drinking water from sunlight and air. These innovative panels are capable of generating pure, mineralized water even in arid conditions, making them suitable for various applications, including industrial, commercial, residential, and community use. Founded in 2014, Zero Mass Water is headquartered in Tempe, Arizona, and aims to provide sustainable water solutions to address global water scarcity challenges.

Solstice

Grant in 2018
Solstice Power Technologies, Inc. develops customer management software for solar power companies. It provides an online platform for solar marketplace that offers subscriber aggregation and management services to solar developers, utilities, and other providers of shared solar energy. Solstice Power Technologies, Inc. was formerly known as Solstice Initiative, Inc. The company was founded in 2014 and is based in Cambridge, Massachusetts.

Solar Analytics

Series B in 2018
Solar Analytics Pty Ltd is a greentech company based in Redfern, Australia, founded in 2012, with a focus on developing solar and energy monitoring devices. The company offers the Solar Smart Monitor, which connects to solar energy systems via the electricity meter board to track performance in real time, measure household energy consumption, and diagnose faults for effective repairs. Additionally, Solar Analytics provides an online dashboard that delivers personalized analysis of solar power system performance, including detailed monthly reports on energy generation and consumption patterns. The platform enhances the efficiency of solar photovoltaic systems by facilitating immediate fault detection and optimizing performance, benefiting residential and small commercial customers, energy distributors, and solar installers. The company has also established strategic partnerships to further its impact in the renewable energy sector.

Chargetrip

Seed Round in 2018
Chargetrip B.V. designs and develops software platform for electric vehicle (EV) drivers and the EV industry. It reduces range anxiety with stations and route planning. The company’s EV Route Planning tool provides planning algorithm using revolutionary graph database technology and its EV Metrics tool secures EV data-warehouse, which includes charging station data, POI (Point of Interest) data, user journey data, and charge-station penetration data. Chargetrip B.V. was founded in 2016 and is based in Amsterdam, the Netherlands with additional offices in Norway and Switzerland.

Solar Analytics

Grant in 2017
Solar Analytics Pty Ltd is a greentech company based in Redfern, Australia, founded in 2012, with a focus on developing solar and energy monitoring devices. The company offers the Solar Smart Monitor, which connects to solar energy systems via the electricity meter board to track performance in real time, measure household energy consumption, and diagnose faults for effective repairs. Additionally, Solar Analytics provides an online dashboard that delivers personalized analysis of solar power system performance, including detailed monthly reports on energy generation and consumption patterns. The platform enhances the efficiency of solar photovoltaic systems by facilitating immediate fault detection and optimizing performance, benefiting residential and small commercial customers, energy distributors, and solar installers. The company has also established strategic partnerships to further its impact in the renewable energy sector.

Nnergix

Grant in 2017
Nnergix collects weather and energy data from multiple sources from the industry in order to feed owned machine learning based algorithms to run several analytic solutions with the main goal to help any player in the field to be more efficient during operations and reduce costs.

Twelve

Grant in 2017
Twelve, formerly known as Opus 12, is a Berkeley, California-based company that specializes in recycling carbon dioxide emissions into valuable chemicals and fuels. Founded in 2015, the company has developed innovative technology that can be integrated with any source of CO₂ emissions. By utilizing only water and electricity as inputs, Twelve transforms captured carbon dioxide into essential products such as methane, ethylene, and ethanol. The firm aims to provide a cost-competitive alternative to petroleum-derived chemicals and fuels, thereby addressing carbon emissions while simultaneously creating economically viable solutions.

HST

Grant in 2017
HST Solar Farms Inc. is a technology company based in Los Angeles, California, focused on enhancing access to clean energy through its innovative web-based Power Purchase Agreement (PPA) platform. Since its establishment in 2012, HST has developed solutions that enable clean energy developers to assess feasibility and market their projects, while providing energy buyers with opportunities to procure energy at rates more competitive than traditional grid prices. The company's platforms, View and Cue, facilitate seamless transactions between global clean energy buyers and sellers, supporting over 400 GW of projects across 100 countries. HST is dedicated to driving a clean energy future and has received recognition for its contributions, including the 2016 Singularity University Global Grand Challenge Award in Energy. Through strategic partnerships and technological advancements, HST aims to make a significant impact on the accessibility of clean energy worldwide.

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.

eMotorWerks

Grant in 2017
eMotorWerks specializes in electric vehicle charging technologies, particularly through its JuiceNet platform, which organizes charging stations into Virtual Power Plants that provide demand flexibility services to utilities and grid operators. The company operates over 8,000 charging stations and has access to more than 50,000 partner stations, along with a connection to an extensive base of 500,000 electric vehicles via its IoT charge adapters. eMotorWerks aims to control the entire electric vehicle charging load with innovative driver engagement tools and a recurring revenue business model. Its JuiceBox chargers are designed for high-performance electric vehicles, offering faster charging capabilities without the need for costly installations. With contracts with the largest California utilities, eMotorWerks has established itself as a leading aggregator of electric vehicle charging load.

Ceres AI

Grant in 2017
Ceres Imaging, Inc. is an aerial spectral imagery and analytics company based in Oakland, California, focused on enhancing agricultural productivity through advanced technology. Established in 2013, the company employs proprietary sensors and machine learning models to deliver detailed, university-validated imagery and insights to farmers and agribusinesses in the United States and Australia. This technology allows users to detect issues related to pests, diseases, and nutrient deficiencies before they become visible, thereby facilitating timely interventions. Ceres Imaging's solutions aim to optimize crop management, irrigation practices, and resource use, ultimately supporting farmers in improving yield and advancing climate resilience in their operations.

Go Electric

Grant in 2017
Go Electric Inc. is a green technology company focused on developing energy solutions for facilities and utilities. Founded in 2011 and headquartered in Anderson, Indiana, with additional offices in Brooklyn and Honolulu, the company specializes in customer side of the meter energy systems. Its key product, AutoLYNC, is a microgrid and uninterruptible power system that synchronizes and optimizes multiple AC and DC power sources, providing reliable electrical power at the correct frequency, phase, and voltage. By integrating renewable energy, advanced batteries, and generators, Go Electric aims to reduce energy costs, enhance grid stability, and ensure energy security for various applications, including government, military, and industrial sectors in New York City.

Opus One Solutions

Grant in 2017
Opus One Solutions Energy Corporation is a software engineering company that specializes in innovative energy management solutions. Founded in 2011 and headquartered in Richmond Hill, Canada, with additional offices in Massachusetts and New York, the company has developed GridOS, a pioneering real-time operating system designed for smart grid applications. GridOS integrates various energy resources, including generation, storage, and demand, with information systems such as sensors and analytics to enhance grid management. The platform supports distributed energy resource management, microgrid operations, and transactive energy functionalities, allowing utilities to optimize energy planning and operations. By leveraging intelligent algorithms for real-time analytics, Opus One Solutions aims to improve grid reliability, efficiency, and sustainability, ultimately facilitating the transition to a cleaner energy future.

T-REX

Grant in 2016
T-REX Group, Inc. develops an enterprise Software-as-a-Service platform tailored for the finance, renewables, and technology sectors. The platform, known as T-REX Analytics, provides tools for analyzing acquisitions and sales of solar assets, structuring renewable energy-backed deals, and managing ongoing portfolios. It enables users to assess production and credit risk parameters impacting cash flows, such as power production and operating expenses. The analytics capabilities allow for the structuring of customized debt tranches, the creation of capital structures for securitization, and the valuation of cash flows based on user-defined assumptions. By enhancing transparency and efficiency in complex asset classes, T-REX aims to unlock significant investment opportunities, making it easier for industry participants to invest in, securitize, and manage portfolios of diverse assets. Founded in 2012, T-REX is headquartered in New York, with additional offices in San Francisco and Tel Aviv.

Carbon Lighthouse

Seed Round in 2016
Carbon Lighthouse, LLC specializes in providing energy solutions aimed at reducing utility costs and carbon emissions for commercial real estate, educational institutions, hospitality, and industrial sectors across the United States. Founded in 2010 and headquartered in San Francisco, the company focuses on implementing energy efficiency measures such as optimizing heating, ventilation, and air conditioning systems, and improving equipment performance through the installation of energy-saving technologies. Additionally, Carbon Lighthouse offers onsite renewable energy solutions, including solar photovoltaic systems, and provides consulting services that assist clients in navigating energy sourcing strategies and regulatory requirements. By addressing hidden inefficiencies within buildings, Carbon Lighthouse helps property owners and managers enhance comfort, increase net operating income, and achieve sustainability objectives, ultimately contributing to the fight against climate change.

Edisun Microgrids

Seed Round in 2016
Edisun Heliostats develops low cost concentrated solar power with built-in storage using rocks as a storage medium. The company was incorporated in 2013 and is based in Pasadena, California.

GOmeter

Seed Round in 2016
Most water meters do not provide real-time monitoring or much insight into the water use of a facility; they are designed to clock in on a monthly basis for billing. GOmeter turns traditional water meters into smart water meters by using a low-cost, camera-based system combined with a sophisticated data-crunching backend. GOmeter allows residents, businesses, and cities to monitor water usage without going through the more intrusive and costly process of installing smart meters. The GOmeter device transmits time-stamped pictures of user’s water meter displays, creating an automated extraction of user data. With only 24 hours of monitoring, GOmeter can sift through a facility’s water data and identify, in nearly real-time, any costly and wasteful water patterns such as high usage spikes, pipe leaks, and appliance malfunctions.

Bidgely

Series B in 2015
Bidgely, Inc. is a technology company specializing in energy disaggregation solutions for utility providers serving residential customers globally. Founded in 2011 and headquartered in Mountain View, California, with an additional office in Bengaluru, India, Bidgely offers a cloud-based platform called HomeBeat that provides detailed appliance-level energy consumption data without the need for plug-level monitors. Its UtilityAI Platform leverages machine learning algorithms to analyze energy usage patterns, delivering insights that enhance customer engagement and promote energy efficiency. By itemizing energy data to the individual appliance level, Bidgely aims to transform how utilities interact with their customers and help households save energy on a large scale.

BrightBox Technologies

Seed Round in 2015
BrightBox Technologies, a Bay Area based start-up, develops and markets advanced HVAC controls to large commercial buildings to improve performance and comfort while significantly reducing operating costs. While most other energy efficiency software companies are focusing on monitoring and/or fault detection in buildings, the BrightBox platform provides actual control and real-time, ongoing system optimization, along with diagnostics and verification of results. They partner with local HVAC controls contractors to provide a complete solution to their customers.

Rebound Technologies

Seed Round in 2015
Rebound Technologies, Inc. manufactures and supplies embedded thermal energy storage systems for commercial freezer environments and off-grid cooling environments. It offers IcePoint, a low temperature refrigeration cooling equipment for supermarkets; and SunChill, an off-grid refrigeration solution that enables increased agricultural productivity by removing field heat from crops immediately following harvest, and provides continued product cooling at local markets and central processing facilities. The company’s products are used by retail stores and farmers in the United States. Rebound Technologies, Inc. was founded in 2012 and is headquartered in Commerce City, Colorado.

Spider9

Grant in 2015
Spider9 is a clean technology startup that provides renewable energy storage solutions and software control systems. It develops residential and small commercial solutions, commercial and industrial solutions, utility and large commercial solutions, and control solutions. The company’s products include Spider Vault: a product line designed to meet home, small business, and community energy storage needs that can be used to reduce utility demand charges, increase solar self-consumption, provide backup power, and take an entire home or facility off-grid; Spider Rack Pro: a modular energy storage unit used for emergency backup power, electricity bill reduction, electrical islanding, renewable microgrid operation, and more; Spider Vault Max: a solution that integrates Spider Rack Pro energy storage units into a standard shipping container modified to include all mechanical support structures, HVAC, fire suppression, lighting, and safety controls; and OSE: a system that allows energy storage systems to build operation protocol from data drawn from demand response software, building management systems, and utility signals as well as to serve as a site controller for microgrids and other energy networks. Spider9 was founded in 2011 and is based in Michigan, United States.

Geli

Seed Round in 2014
Geli, or Growing Energy Labs, Inc., focuses on providing software and business solutions for the design, automation, and management of energy storage systems. The company offers a comprehensive suite of products that facilitates an interconnected ecosystem for project developers, original equipment manufacturers, financiers, and project operators. Geli's hardware-agnostic software platform streamlines the energy storage development process, helping clients to efficiently implement advanced energy projects while minimizing their environmental impact.

Oroeco

Seed Round in 2014
Oroeco Inc. is a company based in San Francisco, California, founded in 2011, that provides a service aimed at rewarding individuals and their networks for taking action against climate change. The company offers an information management platform that consolidates personal spending and investment data, utilizing environmental life-cycle assessment data to calculate the climate impacts of products and services in terms of carbon dioxide equivalent. Oroeco's software allows users to track the carbon value associated with their everyday purchases and lifestyle choices, enabling them to understand how their actions align with their values. The platform also provides personalized suggestions for making more sustainable decisions and encourages friendly competition among users to promote greater engagement in climate-positive behaviors. By using Oroeco, individuals can effectively reduce their carbon footprint while motivating their community to adopt sustainable practices.
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