Elemental Impact

Founded in 2009, Elemental Impact is a consulting organization dedicated to promoting sustainability and environmental stewardship within businesses. It focuses on initiatives that encourage waste reduction, recycling, and efficient resource use across industries. The company supports businesses in implementing sustainable practices to enhance operational efficiency and environmental responsibility.

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 Utilities

Kelvin

Convertible Note in 2023
Kelvin is an energy management and electrification platform focused on enhancing radiator-heated buildings. The company utilizes its innovative Radiator Labs system, which features smart thermostatic radiator enclosures that are connected to central heating controls. This technology aims to reduce fuel waste, lower building emissions, and improve tenant comfort. Kelvin's hybrid electrification platform allows buildings to electrify 60-80% of their space heating requirements at a fraction of the cost of traditional electrification methods. The system can be programmed to optimize heating sources based on factors such as energy pricing and carbon fines, helping radiator-heated buildings comply with NYC's 2030 emission caps at reduced costs. The effectiveness of Radiator Labs' technology has been validated by NYSERDA, demonstrating an average savings of 25.5% in heating costs. Kelvin's innovations have garnered multiple awards and recognitions, affirming its commitment to sustainable energy solutions in the built environment.

Hohonu

Pre Seed Round in 2023
Hohonu provides a real-time environmental data monitoring system that uses solar-powered, industry-standard sensors to collect water level, temperature, dissolved oxygen, and chlorophyll data, transmitting metrics via cellular or satellite networks. The platform integrates sensors and software to deliver water level data and insights, comparing real-time measurements against defined thresholds to inform actions such as emergency responses, infrastructure planning, and resilience measures for flood risk management and water quality assessment. The system supports site selection, sensor deployments, calibration, maintenance, and data delivery, enabling government agencies, municipalities, researchers, and coastal communities to monitor hydrological conditions, assess water quality, and make informed decisions to mitigate climate-related water events.

Hohonu

Venture Round in 2022
Hohonu provides a real-time environmental data monitoring system that uses solar-powered, industry-standard sensors to collect water level, temperature, dissolved oxygen, and chlorophyll data, transmitting metrics via cellular or satellite networks. The platform integrates sensors and software to deliver water level data and insights, comparing real-time measurements against defined thresholds to inform actions such as emergency responses, infrastructure planning, and resilience measures for flood risk management and water quality assessment. The system supports site selection, sensor deployments, calibration, maintenance, and data delivery, enabling government agencies, municipalities, researchers, and coastal communities to monitor hydrological conditions, assess water quality, and make informed decisions to mitigate climate-related water events.

Nuventura

Venture Round in 2021
Nuventura GmbH, founded in 2017 and based in Berlin, Germany, specializes in the design and development of gas-insulated switchgear (GIS) technology. The company has innovated a solution that replaces sulfur hexafluoride (SF6) with dry air, maintaining the advantages of traditional SF6 switchgear while significantly reducing greenhouse gas emissions. Nuventura's technology is compatible with existing IEC standards, allowing industries to effectively control, protect, and isolate electrical equipment while monitoring the health of the switchgear. This advancement positions Nuventura as a key player in promoting sustainable practices within the global energy sector.

SHYFT Power Solutions

Venture Round in 2021
SHYFT Power Solutions develops an integrated hardware and software platform to monitor, manage, and control distributed energy resources from mobile and cloud interfaces. Its core offering, the SHYFT system, combines a hybrid smart meter and transfer switch to enable IoT-driven energy management that automatically transitions between the grid and backup sources. The company provides software that allows users to monitor, meter, and control power sources across sites, supporting residential, commercial, and industrial deployments. SHYFT focuses on industrial IoT and the orchestration of distributed energy resources to improve energy efficiency, resilience, and cost savings, with initiatives to expand decentralized power systems in markets with unreliable infrastructure.

SENTRY

Venture Round in 2021
SENTRY is a Canadian company that specializes in biological monitoring solutions for the water and wastewater treatment industry. It has developed a bio-electrode sensor technology that provides real-time insights into microbial performance within both anaerobic and aerobic treatment systems. By monitoring microbial metabolic activity, SENTRY's platform enables operators to make immediate adjustments to optimize treatment processes and minimize adverse effects on water system performance. With a focus on enhancing operational efficiency, SENTRY serves a global customer base, addressing the critical needs of water management in various settings.

Cambrian Innovation

Venture Round in 2020
Cambrian Innovation Inc. is a company that specializes in manufacturing advanced wastewater treatment systems. The firm offers innovative technologies, including the EcoVolt Reactor, which utilizes electrically active microbes to recover clean water and energy from wastewater, and the EcoVolt Mini, a compact treatment and water-reuse system designed for smaller facilities. Additionally, Cambrian provides the EcoVolt MBR, a membrane bioreactor that employs membrane filtration and integrated controls to effectively remove contaminants from wastewater, particularly for the food and beverage industries. Founded in 2006 and based in Watertown, Massachusetts, Cambrian Innovation serves various sectors, including food and beverage, textiles, pharmaceuticals, and municipal services. The company’s solutions aim to assist industrial, agricultural, and government customers in reducing costs while enhancing resource management and reuse.

WhereIsMyTransport

Venture Round in 2020
WhereIsMyTransport Ltd is an urban transportation technology company based in London, United Kingdom, with a presence in Cape Town, South Africa. The company specializes in providing comprehensive public transport data for emerging-market megacities, focusing on regions in Africa, Latin America, Southeast Europe, and South and Southeast Asia. By digitalizing network information from various modes of public transport, WhereIsMyTransport ensures data accuracy amidst the dynamic changes of these systems. Their platform offers a data collection framework for mapping both formal and informal transport networks, equipping businesses, municipalities, and citizens with essential information to enhance infrastructure and navigate urban environments effectively. Through its innovative products and data services, WhereIsMyTransport aims to improve the public transport experience for users and support industry stakeholders in their operational needs.

NEER

Pre Seed Round in 2020
NEER is a developer of an integrated real-time water management platform that leverages machine learning to enhance the management of drinking water distribution, sewer, and stormwater collection systems. The platform aims to identify leaks and predict potential failures within these critical infrastructure systems. By combining real-time modeling with predictive asset management technology, NEER enables water utility operators and municipalities to effectively plan and manage their water systems. This proactive approach helps prevent water damage and minimizes the substantial economic costs associated with repairs and maintenance.

Cambrian Innovation

Non Equity Assistance in 2020
Cambrian Innovation Inc. is a company that specializes in manufacturing advanced wastewater treatment systems. The firm offers innovative technologies, including the EcoVolt Reactor, which utilizes electrically active microbes to recover clean water and energy from wastewater, and the EcoVolt Mini, a compact treatment and water-reuse system designed for smaller facilities. Additionally, Cambrian provides the EcoVolt MBR, a membrane bioreactor that employs membrane filtration and integrated controls to effectively remove contaminants from wastewater, particularly for the food and beverage industries. Founded in 2006 and based in Watertown, Massachusetts, Cambrian Innovation serves various sectors, including food and beverage, textiles, pharmaceuticals, and municipal services. The company’s solutions aim to assist industrial, agricultural, and government customers in reducing costs while enhancing resource management and reuse.

Transcend

Non Equity Assistance in 2020
Transcend specializes in software development for automating critical infrastructure design. Its platform generates engineering documentation, enabling businesses to streamline operations, optimize outcomes, and evaluate innovative technologies.

NEER

Non Equity Assistance in 2020
NEER is a developer of an integrated real-time water management platform that leverages machine learning to enhance the management of drinking water distribution, sewer, and stormwater collection systems. The platform aims to identify leaks and predict potential failures within these critical infrastructure systems. By combining real-time modeling with predictive asset management technology, NEER enables water utility operators and municipalities to effectively plan and manage their water systems. This proactive approach helps prevent water damage and minimizes the substantial economic costs associated with repairs and maintenance.

WhereIsMyTransport

Non Equity Assistance in 2020
WhereIsMyTransport Ltd is an urban transportation technology company based in London, United Kingdom, with a presence in Cape Town, South Africa. The company specializes in providing comprehensive public transport data for emerging-market megacities, focusing on regions in Africa, Latin America, Southeast Europe, and South and Southeast Asia. By digitalizing network information from various modes of public transport, WhereIsMyTransport ensures data accuracy amidst the dynamic changes of these systems. Their platform offers a data collection framework for mapping both formal and informal transport networks, equipping businesses, municipalities, and citizens with essential information to enhance infrastructure and navigate urban environments effectively. Through its innovative products and data services, WhereIsMyTransport aims to improve the public transport experience for users and support industry stakeholders in their operational needs.

Amply Power

Venture Round in 2019
Amply Power, Inc. specializes in charging-as-a-service solutions for electric vehicle fleets, facilitating the transition from traditional to electric vehicles for municipal and commercial operations. Founded in 2018 and based in Mountain View, California, the company offers a fully managed charging system that automates all aspects of EV charging, providing a per-electric-mile-driven service to fleet customers. Amply Power also features AMPLIFY, a centralized charge management software that enhances fleet operations by ensuring vehicles are always road-ready while integrating EV chargers, fleets, grid, and vehicle telematics. This approach supports fleet managers in achieving their zero-emission goals as they scale from pilot projects to full production.

Blue Planet Energy Systems

Seed Round in 2019
Blue Planet Energy Systems, founded in 2015, specializes in developing pre-packaged energy storage systems designed for residential and commercial solar photovoltaic installations. Headquartered in Honolulu, Hawaii, the company aims to transition from traditional electrical grids to a distributed model that enables customers to achieve energy independence and promote renewable energy adoption. Their flagship product, Blue Ion, integrates advanced battery technology with sophisticated software controls to create smart, flexible microgrids. These systems are known for their safety features, including no fire risk, and extended lifespan. The company has gained significant traction in off-grid and grid-edge markets across North America, notably completing a large energy resilience project for the American Red Cross in Puerto Rico.

SparkMeter

Venture Round in 2018
SparkMeter develops smart electricity metering systems and grid management software for underserved markets. Its products include residential and commercial meters, along with software solutions that enhance grid efficiency, enable prepaid billing, and facilitate remote monitoring. Founded in 2012, SparkMeter operates from Washington D.C. and Nairobi, Kenya.

Pono Home

Venture Round in 2018
Pono Home is a consulting company focused on helping homeowners and renters create greener and more sustainable living environments. Founded in 2013, Pono Home specializes in personalized, in-home assessments that include evaluations of vampire power, lighting, appliances, and water usage. The company offers a complimentary audit, where various aspects of the home are examined, and major appliances are assessed for potential improvements or upgrades. Clients receive a detailed report outlining opportunities for enhancement, aimed at reducing water and energy consumption while lowering utility costs. Additionally, Pono Home provides maintenance services such as cleaning refrigerator condenser coils, optimizing energy settings in dishwashers, sealing drafts, and even inflating car tires. Through these services, Pono Home seeks to educate residents about sustainable practices while actively helping them implement changes that reduce their carbon footprint and save money.

eMotorWerks

Grant in 2017
eMotorWerks is a technology company specializing in electric vehicle charging solutions, notably through its flagship product, JuiceNet. This Internet of Things platform efficiently manages a network of electric vehicle charging stations, transforming them into multi-megawatt Virtual Power Plants that provide essential demand flexibility services to utilities and grid operators. The company aims to optimize electric vehicle charging by leveraging innovative driver engagement tools and a business model focused on recurring revenue and third-party financing. With over 8,000 charging stations in its own network and access to an additional 50,000 stations through partnerships, eMotorWerks stands as the largest aggregator of electric vehicle charging load. It has established contracts with major California utilities, ensuring its capacity is utilized to provide valuable energy services. Additionally, the company offers advanced charging technologies, such as the JuiceBox, which allows for significantly faster charging and provides consumers with control over their charging schedules and energy sources.

Shifted Energy

Grant in 2017
Shifted Energy develops software and controllers that convert electric water heaters and other household assets into flexible distributed energy resources for demand response. Its platform enables utilities and grid operators to stabilize the grid and accelerate renewable integration by preheating water to absorb excess renewables and delivering fast demand response. The product suite includes Grid Maestro, a virtual power plant for electric water heaters, and Tempo, a retrofit controller for water heaters. The platform can also integrate assets such as pool pumps, home batteries, solar inverters, and electric vehicle charging stations to provide multiple grid services. It serves utilities, distributed energy aggregators, building managers, homeowners, and renters. The company was founded in 2014 and is based in Honolulu, Hawaii.

Go Electric

Grant in 2017
Founded in 2011, Go Electric develops customer-side energy solutions that integrate renewable energy sources, advanced batteries, and generators. Its AutoLYNC technology synchronizes and optimizes multiple power sources to reduce costs, assure security, and enhance grid stability. Serving government, utility, and industrial applications, primarily in the New York City area.

In2lytics

Grant in 2017
In2lytics develops data analytics software for electric grid planning and operation. Its platform captures and stores time‑series data from IoT devices and grid assets, offering data ingestion, preprocessing, indexing, visualization, and information sharing, with real-time querying capabilities. The solution combines SCADA, AMI, irradiance, solar PV, wind, and other data to provide actionable insights for improved reliability, planning, and decision-making. Based in Honolulu, Hawaii, the company was founded in 2016.

Opus One Solutions

Grant in 2017
Opus One Solutions is a software engineering and solutions company advancing the Connected Energy Internet with GridOS, a real-time operating system for the smart grid that integrates generation, storage, and demand with sensors, meters, and analytics to deliver enhanced situational awareness, supervisory control, and optimization of energy systems. The platform helps utilities improve grid reliability, power quality, utilization, and efficiency while supporting the transition to 100% clean energy. Its software enables transactive energy functionality, calculating locational marginal values of distributed energy resources and deploying dynamic topology processing to adapt to real-time switching and reconfiguration of the distribution network, thereby enabling optimized energy planning, operations, and market management and contributing to the development of intelligent, sustainable energy networks.

Kevala

Venture Round in 2016
Founded in 2014, Kevala is a data and analytics company specializing in delivering actionable insights for a robust, sustainable, and safe electric grid. It offers cloud-based software that enables users to find and value new locations for solar, storage, and other energy resources, while quantifying environmental impacts. Trusted by governments, utilities, and industry, Kevala's platform integrates deep subject matter expertise across the entire energy value chain.

Varentec

Venture Round in 2016
Varentec, Inc. is a company that specializes in power electronics equipment aimed at optimizing power delivery for the electric grid. Founded in 2002 and based in Santa Clara, California, Varentec develops innovative solutions, including a grid optimization system and a web-based software platform for device control and data visualization. Its products are designed to enhance energy savings and reduce voltage volatility, contributing to a more resilient and cost-effective electrical distribution system. The company's technology focuses on managing grid-edge devices and transforming power delivery infrastructure, catering to both industrial applications and broader energy needs.

GOmeter

Seed Round in 2016
GOmeter is a technology company that specializes in transforming traditional water meters into smart monitoring systems. By utilizing a low-cost, camera-based device, GOmeter enables residents, businesses, and municipalities to monitor their water usage efficiently without the need for invasive and expensive smart meter installations. The device captures time-stamped images of water meter displays, allowing for automated data extraction. Within just 24 hours of monitoring, the system analyzes water usage patterns and can identify issues such as high consumption spikes, pipe leaks, and appliance malfunctions. This innovation not only enhances water conservation efforts but also helps users mitigate costly water-related problems.

WaterSmart Software

Grant in 2016
WaterSmart Software is a developer of a cloud-based customer engagement and analytics platform tailored for water utilities. The company's solution enhances the intelligence derived from meter data, enabling water providers to improve customer service and operational efficiency. By allowing customers to access detailed information about their water usage, the platform facilitates better communication between utilities and consumers, helping the latter understand the value of water and discover ways to save costs. WaterSmart has demonstrated its effectiveness by enabling water utilities to reduce costs, protect revenue, and increase customer satisfaction by over 25%. The company's innovative approach has garnered recognition, including the World Economic Forum Technology Pioneers Award, highlighting its potential to positively impact both business and society through technological advancements.

UtilityAPI

Seed Round in 2016
UtilityAPI automates the collection of utility bill and usage data from web portals, serving over 300 companies for tasks like quote generation, feasibility analysis, and asset management.

Carbon Lighthouse

Seed Round in 2016
Carbon Lighthouse is a technology company that helps commercial real estate owners decarbonize and reduce energy costs through a combination of energy-efficiency retrofit measures, on-site generation, and strategic consulting. Its Efficiency Production platform and CLUES AI software analyze building data to identify HVAC, lighting, and equipment inefficiencies, enabling targeted improvements and continuous monitoring. The company implements measures such as optimizing heating, ventilation, and air conditioning loops; installing economizers, variable frequency drives, and other energy-saving equipment; and integrating solar photovoltaic systems, along with decision support for energy sourcing and regulatory impact assessments. It serves building owners and managers of small to medium-sized properties across offices, schools, community centers, and other facilities, delivering value by lowering utility bills, reducing carbon emissions, and improving net operating income. Founded in 2010 and based in San Francisco with a regional office in Los Angeles.

Pono Home

Seed Round in 2016
Pono Home is a consulting company focused on helping homeowners and renters create greener and more sustainable living environments. Founded in 2013, Pono Home specializes in personalized, in-home assessments that include evaluations of vampire power, lighting, appliances, and water usage. The company offers a complimentary audit, where various aspects of the home are examined, and major appliances are assessed for potential improvements or upgrades. Clients receive a detailed report outlining opportunities for enhancement, aimed at reducing water and energy consumption while lowering utility costs. Additionally, Pono Home provides maintenance services such as cleaning refrigerator condenser coils, optimizing energy settings in dishwashers, sealing drafts, and even inflating car tires. Through these services, Pono Home seeks to educate residents about sustainable practices while actively helping them implement changes that reduce their carbon footprint and save money.

UtilityAPI

Convertible Note in 2016
UtilityAPI automates the collection of utility bill and usage data from web portals, serving over 300 companies for tasks like quote generation, feasibility analysis, and asset management.

Bidgely

Series B in 2015
Bidgely is a technology company that provides disaggregation-powered utility analytics and customer engagement solutions. Its cloud-based HomeBeat platform disaggregates household energy consumption to the appliance level, enabling utilities to understand usage patterns and tailor energy programs. The UtilityAI Platform delivers customer energy insights based on actual energy habits, supporting energy efficiency initiatives and consumer engagement for utilities serving residential customers worldwide. Bidgely uses machine learning to monitor energy data and identify appliance-level usage, helping utilities manage peak demand and reimagine customer engagement. The company serves utilities globally and is headquartered in Mountain View, California, with an office in Bengaluru, India.

Blue Pillar

Venture Round in 2015
Founded in 2006, Blue Pillar develops software solutions for strengthening critical infrastructure against power outages. Its platform, Aurora, creates a digital energy IoT network for connecting, controlling, and data acquisition of facility mechanical and electrical equipment. Avise Insite provides real-time equipment diagrams for single-site management, while Avise Foresite supports centralized management across multi-facility organizations. Serving industries such as healthcare, government, and data centers, Blue Pillar's solutions offer power-related situational awareness, emergency management, operational efficiencies, and energy savings.

FreeWire

Seed Round in 2015
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

Shifted Energy

Seed Round in 2015
Shifted Energy develops software and controllers that convert electric water heaters and other household assets into flexible distributed energy resources for demand response. Its platform enables utilities and grid operators to stabilize the grid and accelerate renewable integration by preheating water to absorb excess renewables and delivering fast demand response. The product suite includes Grid Maestro, a virtual power plant for electric water heaters, and Tempo, a retrofit controller for water heaters. The platform can also integrate assets such as pool pumps, home batteries, solar inverters, and electric vehicle charging stations to provide multiple grid services. It 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
Founded in 2009, Stem provides energy storage solutions and software for businesses to manage energy costs effectively. It offers Athena, a proprietary software using big data and machine learning to optimize energy usage. Stem also deploys distributed batteries in commercial buildings and sells its solutions to various industries.

Geli

Seed Round in 2014
Geli, or Growing Energy Labs, Inc., specializes in 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 ecosystem for project developers, original equipment manufacturers, financiers, and project operators. Geli's hardware-agnostic software platform streamlines the energy storage development process, allowing clients to efficiently deploy advanced energy projects while minimizing their environmental impact.

FreeWire

Venture Round in 2014
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

WattIQ

Seed Round in 2014
WattIQ specializes in developing plug-load energy management products designed to enhance energy efficiency and reduce costs for large commercial organizations. The company’s offerings include solutions that provide socket-level monitoring and control of electrical devices. By implementing these products, commercial and government enterprises can significantly decrease their plug load energy consumption, contributing to overall energy savings and improved operational efficiency.

Stem

Venture Round in 2013
Founded in 2009, Stem provides energy storage solutions and software for businesses to manage energy costs effectively. It offers Athena, a proprietary software using big data and machine learning to optimize energy usage. Stem also deploys distributed batteries in commercial buildings and sells its solutions to various industries.

WattIQ

Seed Round in 2013
WattIQ specializes in developing plug-load energy management products designed to enhance energy efficiency and reduce costs for large commercial organizations. The company’s offerings include solutions that provide socket-level monitoring and control of electrical devices. By implementing these products, commercial and government enterprises can significantly decrease their plug load energy consumption, contributing to overall energy savings and improved operational efficiency.
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