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.

Lauren Tonokawa

MD of Communications

Past deals in Electric Grid

OhmConnect

Series D in 2022
OhmConnect, Inc. is a software company based in Oakland, California, that incentivizes users to reduce their household energy consumption during peak demand hours. By participating in energy reduction events, users can receive monetary compensation instead of relying on fossil fuel power plants. OhmConnect connects with users' smart devices, such as Wi-Fi thermostats and electric vehicles, to automate energy savings and provide real-time monitoring of energy usage. Users are informed when to reduce their electricity consumption and can earn points for their participation, which can be redeemed for cash. Additionally, OhmConnect offers wireless smart plugs that allow users to remotely control appliances like refrigerators and air conditioners. Since its incorporation in 2013, OhmConnect has positioned itself as a sustainable alternative to traditional energy generation, promoting a cleaner energy future.

BlocPower

Series A in 2021
BlocPower is an energy technology startup based in Los Angeles, California, focused on providing solar power and energy efficiency solutions. The company aims to reduce energy bills for a diverse clientele, including churches, schools, small businesses, non-profits, and homeowners. By upgrading buildings to be smarter and more environmentally friendly, BlocPower addresses climate challenges while improving the overall health and efficiency of these spaces. The company's platform connects various stakeholders, such as governments, utilities, building owners, lenders, contractors, and providers of smart equipment, to facilitate the development of greener, healthier buildings.

OhmConnect

Series C in 2020
OhmConnect, Inc. is a software company based in Oakland, California, that incentivizes users to reduce their household energy consumption during peak demand hours. By participating in energy reduction events, users can receive monetary compensation instead of relying on fossil fuel power plants. OhmConnect connects with users' smart devices, such as Wi-Fi thermostats and electric vehicles, to automate energy savings and provide real-time monitoring of energy usage. Users are informed when to reduce their electricity consumption and can earn points for their participation, which can be redeemed for cash. Additionally, OhmConnect offers wireless smart plugs that allow users to remotely control appliances like refrigerators and air conditioners. Since its incorporation in 2013, OhmConnect has positioned itself as a sustainable alternative to traditional energy generation, promoting a cleaner energy future.

BlocPower

Venture Round in 2020
BlocPower is an energy technology startup based in Los Angeles, California, focused on providing solar power and energy efficiency solutions. The company aims to reduce energy bills for a diverse clientele, including churches, schools, small businesses, non-profits, and homeowners. By upgrading buildings to be smarter and more environmentally friendly, BlocPower addresses climate challenges while improving the overall health and efficiency of these spaces. The company's platform connects various stakeholders, such as governments, utilities, building owners, lenders, contractors, and providers of smart equipment, to facilitate the development of greener, healthier buildings.

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.
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.

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.

eMotorWerks

Grant in 2017
eMotorWerks is the creator of JuiceNet - a market-leading IoT platform that organizes distributed networks of electric vehicle charging stations into multi-megawatt Virtual Power Plants providing critical demand flexibility services to utilities and grid operators. The company’s mission is to attain control of 100% of EV charging load using its innovative driver engagement tools and a disruptive business model based on recurring revenues and third-party project financing. With 8,000+ of its own charging stations in operation, access to 50,000+ stations from its partners, and access to the entire installed base of 500,000 EVs through its innovative IoT charge adapters and relationships with leading OEMs, eMotorWerks is the largest aggregator of EV charging load today and has contracts with all three largest California utilities to provide energy services from that capacity.

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.

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.

Allume Energy

Pre Seed Round in 2017
Allume Energy Pty. Ltd. is a renewable energy technology company based in Melbourne, Australia, specializing in providing solar-powered electricity to apartment residents. Founded in 2015, the company focuses on solar energy systems designed for multi-unit dwellings, facilitating grid sharing and offering solar as a service to Australian communities. In addition to selling and installing solar energy systems, Allume Energy provides a real-time application that allows users to track their electricity usage.

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.

Go Electric

Grant in 2017
Go Electric is a green-tech early stage company, developing customer side of the meter energy solutions and services that serve facilities and utilities. Its energy products and services accelerate a renewable energy future by integrating renewable energy, advanced batteries, and generators to reduce energy costs, assure energy security, and enhance grid stability. Go Electric is based in Anderson, I.N.

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.

Bidgely

Series B in 2015
Bidgely, Inc. is a technology company specializing in energy analytics and utility solutions. Founded in 2011 and headquartered in Mountain View, California, with an additional office in Bengaluru, India, Bidgely offers innovative products such as HomeBeat, a cloud-based software that disaggregates energy consumption data at the appliance level. The company's UtilityAI Platform generates customer insights based on actual energy usage patterns, enabling utilities to enhance energy efficiency and consumer engagement. By providing these advanced analytics, Bidgely aims to deliver its technology to residential customers worldwide, contributing to significant energy savings and improved understanding of energy consumption behaviors.

FreeWire

Seed Round in 2015
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers based in San Leandro, California. Established in 2014, the company specializes in smart battery systems that provide mobile and distributed power solutions. Its product line includes the Mobi Charger v0, capable of charging at speeds of up to 5kW, the Mobi Charger v1, which offers charging as a service with attendant support, and the Mobi Charger v2, a semi-autonomous unit that provides dual level 2 and single level 3 charging options. FreeWire's systems deliver clean and quiet power on-site, effectively replacing or supplementing diesel generators for various remote power applications. By offering flexible and easily deployable charging solutions, FreeWire enables its customers to electrify operations previously reliant on fossil fuels while avoiding the complexity and costs associated with traditional infrastructure upgrades. The company is supported by venture capital and partnerships with global corporations.

ConnectDER

Grant in 2015
ConnectDER LLC specializes in designing and manufacturing solutions that facilitate the connection of grid-ready distributed energy resources, particularly solar photovoltaic systems. The company creates a connection point that installs between residential electric meters and meter sockets, enhancing the integration of renewable energy. Additionally, ConnectDER offers a cloud-based platform that allows fleet operators to access metering and operational data, as well as manage the commissioning and decommissioning of ConnectDER units, including firmware updates. Founded in 2011 and based in Philadelphia, Pennsylvania, ConnectDER was previously known as Infinite Invention LLC before rebranding in 2015. The company aims to provide effective solutions to complex challenges in the power and water sectors.

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.

Stem

Series B in 2015
Stem brings and optimizes energy consumption to business through its distributed storage technology. Since 2009, Stem has been analyzing how various types of businesses use electricity and how they are charged for it. The company uses this information to design a solution that protects companies from unnecessarily high electricity costs without requiring any changes to the way they run their businesses. Stem combines big data, predictive analytics and energy storage to reduce electric costs for businesses and in aggregate, deliver services to the grid.

WattIQ

Seed Round in 2014
IBIS Networks, Inc. provides energy management solutions for the enterprise sector. The company offers Ibis Plug Load Management System that include InteliSockets that are the energy meters and control points, which plugs in between equipment and the wall sockets; InteliGateways that handles various communications between InteliSockets and InteliNetwork; and InteliNetwork, a cloud-based reporting and control dashboard that provides advanced data visualization, scheduling, and configuration capabilities. It serves schools and higher education, hospitality, and office building markets. The company was incorporated in 2013 and is based in Honolulu, Hawaii with additional offices in California and Washington.

WattIQ

Seed Round in 2013
IBIS Networks, Inc. provides energy management solutions for the enterprise sector. The company offers Ibis Plug Load Management System that include InteliSockets that are the energy meters and control points, which plugs in between equipment and the wall sockets; InteliGateways that handles various communications between InteliSockets and InteliNetwork; and InteliNetwork, a cloud-based reporting and control dashboard that provides advanced data visualization, scheduling, and configuration capabilities. It serves schools and higher education, hospitality, and office building markets. The company was incorporated in 2013 and is based in Honolulu, Hawaii with additional offices in California and Washington.