Meet our 7th cohort! 
20 companies and 12 projects across three geographies – Hawaii, California, and Asia Pacific – and four sectors – energy, water, mobility, and circular economy. More on our blog.

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, food & agriculture, and mobility.


Portfolio companies


Demonstration projects


Awarded to companies

The Latest

20 New Companies

We are thrilled to welcome 20 new companies into the EEx portfolio, including our first ever Equity & Access cohort. 

Shared electric mobility


Scoot operates networks of thousands of shared electric vehicles in San Francisco and Barcelona, serving tens of thousands of monthly riders who have collectively logged over five million electric miles.


Machine learning and structured finance to green inner cities


BlocPower is using machine learning and structured finance to green inner cities. 


Making drinking water from sunlight and air

Zero Mass Water

Zero Mass Water has one purpose: to perfect water for every person in every place. Its technology extracts water vapor from the air to make, mineralize, and deliver drinking water to your tap.


The battery electric bus for the masses


Proterra was started in 2004 to provide clean and affordable public transportation options for everyone. The company designs and manufactures the world's most technically advanced battery electric buses.


Electric commercial aircraft 


Ampaire was founded to develop high-performance, zero-emission aircrafts. The company's first product is an electric powertrain to replace common turboprop engines in 9- to 19-passenger airplanes.


Upcycling hard-to-recycle plastic waste


Miranda Wang and Jeanny Yao founded BioCellection to turn plastic waste with negative value into useful products for sustainable supply chains. 



CarbonCure is pioneering CO2 utilization technologies for the cement and concrete sector. 

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

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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.

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.

Private, educational, charitable Native Hawaiian trust

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

PTT, a Fortune 500 and a member of World DJSI, is a fully integrated energy and petrochemical company in Thailand, with global footprints.

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.