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 Electric Grid

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.

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.

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.

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.

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.

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.

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.

SheerWind

Grant in 2017
SheerWind, Inc. is an energy technology company based in Chaska, Minnesota, specializing in the development and licensing of its patented INVELOX wind power generation system. This innovative technology captures, concentrates, and accelerates wind energy, allowing for increased wind speeds and more efficient power generation at reduced costs. SheerWind's solutions address critical challenges within the wind industry, including turbine reliability, intermittency, and environmental impact. The company targets a diverse range of markets, including onshore and offshore utility-scale wind farms, small-wind systems for buildings and off-grid applications, and micro-wind power generation for military, emergency management, and consumer uses. Established in 2010, SheerWind aims to provide sustainable and affordable electrical energy solutions.

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 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.

UtilityAPI

Seed Round in 2016
UtilityAPI, Inc. is a software company based in Oakland, California, that specializes in automating the collection of utility bill and usage data from utility web portals. Founded in 2014, the company aims to facilitate standardized data transactions within the evolving energy economy. Its tools support various applications, including quote generation, feasibility analyses, and asset management, as well as measurement and verification processes. UtilityAPI's solutions enable innovators and property managers to securely share electric utility data, helping hundreds of companies evaluate and validate energy usage and savings effectively.

Heliogen

Seed Round in 2016
Heliogen, Inc. is a clean energy company based in Pasadena, California, focused on utilizing sunlight to produce hydrogen and syngas fuels, aiming to replace fossil fuels across various sectors. Founded in 2013 at Idealab, Heliogen has developed a concentrated solar energy system powered by artificial intelligence, which offers a range of solutions including HelioMax, a closed-loop control system for electricity generation and process heat applications; HelioHeat, which provides carbon-free, ultra-high temperature heat for industries like cement, refining, and mining; and HelioFuel, renewable fuels suitable for transportation, heavy equipment, and household heating. Heliogen's mission is to create technology that can commercially replace fossil fuels in industrial processes with sustainable energy sources.

UtilityAPI

Convertible Note in 2016
UtilityAPI, Inc. is a software company based in Oakland, California, that specializes in automating the collection of utility bill and usage data from utility web portals. Founded in 2014, the company aims to facilitate standardized data transactions within the evolving energy economy. Its tools support various applications, including quote generation, feasibility analyses, and asset management, as well as measurement and verification processes. UtilityAPI's solutions enable innovators and property managers to securely share electric utility data, helping hundreds of companies evaluate and validate energy usage and savings effectively.

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.

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.

Bright Light Systems - BSL

Seed Round in 2015
Bright Light Systems is an American manufacturer focused on light emitting plasma and LED luminaries. The company provides lighting for harsh operating environments such as ports and harbors, rail and intermodal, aerospace, warehouses, airports, highway, and military. It integrates light emitting plasma luminaries with intelligent lighting controls and data management solutions thereby putting customers in control of their energy expenses, fostering green businesses while delivering cost savings and reducing operational expenses. Bright Light Systems was founded in 2010 and is based in Alpharetta, Georgia.

kWh Analytics

Seed Round in 2015
kWh Analytics, Inc. is a leader in solar risk management, offering a comprehensive analytics platform designed for solar investors and operators. The company provides several key services, including Heliostats, which integrates data and benchmarks performance for solar investments, and the Solar Revenue Put, a credit enhancement that guarantees the performance of solar assets, thereby improving lending terms. Additionally, kWh Analytics offers the Solar Lendscape, a catalog of active lenders in the solar industry, along with insights for risk assessment and management. The company leverages a performance database encompassing 20% of the U.S. solar asset class, enabling clients to minimize risk and enhance equity returns on their portfolios. kWh Analytics serves a diverse clientele, including institutional investors, asset management groups, and banking firms. Founded in 2012 and based in San Francisco, California, kWh Analytics is backed by private venture capital and the U.S. Department of Energy.

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.

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.

Stem

Series B in 2015
Stem, Inc. specializes in energy storage solutions and software designed to help businesses manage their energy costs effectively. Founded in 2009 and based in Millbrae, California, the company offers a software platform called Athena, which leverages big data and machine learning to optimize energy usage. Stem's services include a subscription model that provides automated savings, risk protection, and solar energy storage solutions, all without requiring significant operational changes from clients. The company also implements distributed battery systems in commercial and industrial facilities, analyzing electricity usage patterns to protect businesses from excessive costs. Through its innovative approach, Stem aims to enhance energy efficiency while contributing positively to the energy grid.

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.

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.

Amber Kinetics

Seed Round in 2014
Amber Kinetics, Inc. engineers and develops modular flywheel energy storage projects. The company was founded in 2009 and is based in Union City, California.

kWh Analytics

Seed Round in 2013
kWh Analytics, Inc. is a leader in solar risk management, offering a comprehensive analytics platform designed for solar investors and operators. The company provides several key services, including Heliostats, which integrates data and benchmarks performance for solar investments, and the Solar Revenue Put, a credit enhancement that guarantees the performance of solar assets, thereby improving lending terms. Additionally, kWh Analytics offers the Solar Lendscape, a catalog of active lenders in the solar industry, along with insights for risk assessment and management. The company leverages a performance database encompassing 20% of the U.S. solar asset class, enabling clients to minimize risk and enhance equity returns on their portfolios. kWh Analytics serves a diverse clientele, including institutional investors, asset management groups, and banking firms. Founded in 2012 and based in San Francisco, California, kWh Analytics is backed by private venture capital and the U.S. Department of Energy.

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.

PlotWatt

Funding Round in 2010
PlotWatt, Inc. is an energy analytics software company based in Durham, North Carolina, serving customers in the United States, Canada, and New Zealand. Founded in 2008, PlotWatt employs machine-learning algorithms to analyze energy usage data, providing actionable insights that help both residential and commercial clients enhance their energy efficiency and reduce costs. The platform is particularly beneficial for multi-location businesses, offering site-by-site comparative analysis and operational benchmarking to optimize energy management. By delivering tailored recommendations without the need for monitoring individual appliances, PlotWatt's cloud-based solutions empower customers to make informed decisions about their energy consumption, ultimately promoting sustainability and cost savings. The company operates as a subsidiary of American Efficient, Inc.
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