Today, we’re sharing with you our 2018 Impact Report. 63 portfolio companies, 44 demonstration projects, and a new $30 million commitment from the U.S. Office of Naval Research. The majority of the funding will go directly to fund startups, up to $1 million per company.

Today, we’re sharing with you our 2018 Impact Report. 63 portfolio companies, 44 demonstration projects, and a new $30 million commitment from the U.S. Office of Naval Research. The majority of the funding will go directly to fund startups, up to $1 million per company.

How we work

Each year, we find 15-20 companies that best fit our mission and fund each company up to $1 million to improve systems that impact people’s lives: energy, water, agriculture, and transportation.

63

Portfolio companies

44

Demonstration projects

$22M

Awarded to companies

The Latest

2018 Impact Report

Inside this report, you’ll find 1) stories from our portfolio companies and partners, 2) a dose of data quantifying our place-based approach to innovation, 3) lessons we've learned over the past five years, and 4) answers to three fundamental questions we use to navigate our work

TerViva planted 50 acres of pongamia, a crop that produces biofuel and cattle feed, on fallow agricultural land.

TerViva

Naveen started TerViva to develop new trees that grow sustainably on abandoned land, using less water and fertilizer than other crops, and creating multiple revenue streams for farmers.

Agriculture

WaterSmart has engaged over 700 residents across Oahu and Hawaii Island in improving water-use efficiency and utility customer engagement.

WaterSmart

WaterSmart provides personalized water use information directly to customers, helping people take quick actions that reduce water bills 3-5%.

Water

Stem deployed 1 MW of distributed energy storage with 25 schools, nonprofits, and businesses in Hawaii.

Stem

Stem combines powerful learning software with energy storage to automate energy savings for schools, nonprofits, and businesses.

Grid

Just Innovation

How are PastureMap, Pono Home, and Sighten leveraging EEx funding to accelerate access to clean technology in some of California’s low-to-moderate income neighborhoods?

At scale, Opus 12’s technology can turn trash to treasure by incorporating novel electrode materials into a commercially-available electrochemical reactor.

Opus 12

Opus 12 co-founders, Etosha, Kendra, and Nicholas, bonded over their mutual interest in reducing greenhouse gas emissions and teamed up to develop their research on carbon dioxide utilization into an economically viable process

Fuels

Shifted Energy connected more than 300 water heaters to Oahu’s electric grid to store excess solar and wind.

Shifted Energy

Olin Lagon is a serial entrepreneur who founded Shifted Energy to turn electric water heaters into batteries that can store excess renewable energy.

Grid

Geli is currently working with 20+ Hawaii installers to model and right-size solar-plus-storage systems.

Geli

Design-to-automation software for the rapid deployment of energy storage

Grid

Transcending Oil

On Earth Day, we released new data on Hawaii's path to clean energy, called Transcending Oil. It tells the story of how Hawaii can transition to clean energy faster than we thought, 84% by 2030.

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Funding

Our Funding Makes Us Unique

Our partners offer some of the most exciting investment and test-bed opportunities in the world.

In 2013, the U.S. Navy made a $30 million commitment to our program.

Coming out of the Hawaii Clean Energy Initiative, a model for states pursuing an aggressive transition to renewable energy, the U.S. Department of Energy set aside funding for innovation. This became the seed funding for Elemental Excelerator.

Since our roots in the Hawaii Clean Energy Initiative, we have worked closely with the State Energy Office to support innovation-friendly policies.

Hawaiian Electric Industries was our first Global Partner. Together we have partnered on nearly a dozen demonstration projects.

Vector is New Zealand’s largest distributor of electricity and gas. They challenge and reinvent the way communities and businesses are powered and connected.

Tokyo Electric Power Company Holdings, Inc. (TEPCO) is the largest public utility in Japan, and the 4th largest utility in the world.

With FPH’s commitment to never invest in another coal plant, they are positioning themselves as the clean energy leader of the Philippines.

GE counts most of the world’s utilities as their client and wants Elemental Excelerator to provide insight into the new technologies and projects that are actively being deployed.

SK Gas is looking for technologies that bring innovation to the energy sector and has high interest in service solutions that are built around enhancing engagement with end customers.

Elemental Excelerator is partnering with HCF in looking at innovative ways to increase water efficiency, transparency, and supply.

National Grid is an international energy company headquartered in the United Kingdom, with U.S. operations as well. They operate both regulated and competitive businesses, and are working to embed the culture of innovation into everything they do.