We are on a mission to create a 100% clean energy system. We invest in companies that increase energy resiliency, enable the integration of climate technology into legacy systems, drive down the cost of climate tech, build a clean energy workforce, and ensure that the benefits are equitably distributed.

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Can we democratize access to CLEAN ENERGY?

We Invest In:

  • Energy technology at the nexus of other sectors 
  • Robotics, artificial intelligence, machine learning
  • Fintech
  • Resilience
  • Hydrogen
  • HVAC
  • Democratization of energy
  • Asset management tools that easily integrate with and optimize current systems
  • Manufacturing, commercials and industrial energy solutions
  • Electrification of everything
  • Cybersecurity 
  • Infrastructure

Our Energy Portfolio

Energy Portfolio Map

We take a systems approach to innovation

Energy x Policy

In 2018, we partnered with Rhodium Group to release Transcending Oil. The analysis and report refreshed the data used to design policy to address climate change in Hawaiʻi. Since itʻs release it has been cited in new climate legislation and regulation, and served as a model for jurisdictions.

Transcending Oil

Energy x Resilience

We invest in companies like Jupiter Intelligence who is building climate analytics and risk management tools for utilities and other companies, and help to break down regulatory barriers for companies like Shifted Energy who is deploying fleets of grid-interactive water heaters.


Energy x Equity and Access

Those who could benefit most from clean energy and lower utility bills have traditionally been excluded from accessed those solutions. We invest in and break down market barriers for companies like Allume who is design clean energy systems for multi-family homes, BlocPower who is pairing machine learning and structure finance to green inner cities, and Solstice who is deploying community solar across the U.S.

A Platform For Global Impact

We have built a platform for startups primed for commercial growth to collaborate with corporates, philanthropists, VCs, policymakers, and community organizations to achieve global impact. Meet some of our closest partners in this sector. 

In 2013, the U.S. Navy made a $30 million commitment to our program, and in 2017, they doubled down and made another $30M+ commitment.

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.

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.

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.

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 Partners is the venture investment and innovation arm of National Grid plc.

Pacific Gas and Electric Company is one of the largest combined natural gas and electric energy companies in the United States.

Cummins Inc., headquartered in Columbus, IN, is an independent global leader in powertrains for industrial power systems. Recognizing the pace of innovation and the evolution occurring in today’s energy markets, Cummins Growth Office is working closely with Elemental Excelerator to identify and partner with startups developing innovative energy solutions to complement and expand the Cummins product and service portfolio.

NextEra Energy, Inc. is a Fortune 200 energy company with about 45,900 megawatts of generating capacity throughout the United States and Canada. It is the largest electric utility holding company by market capitalization, and together with its affiliated entities, it is the world's largest generator of renewable energy from the wind and sun.

Portland General Electric, is a public utility based in Portland, Oregon. For more than 130 years, PGE has been powering customers’ lives, delivering energy that is safe, reliable and affordable. Today, customers expect more. They also want their energy to be clean and secure. PGE is committed to helping customers and the communities they serve achieve a clean energy future.

Chubu Electric Power is the third largest electric power utility in Japan.

EDF is a global, integrated energy company, one of the world's largest electricity producers, with 90% of its electricity carbon free.

GS is comprised of GS Holdings and various subsidiaries and affiliates including GS Energy, GS Caltex, GS Retail, GS SHOP, GS EPS, GS Global, GS E&R, GS Sports and GS E&C. GS is the 7th largest business group in Korea in terms of assets.

Acario is the Silicon Valley based Corporate Venture and Open Innovation arm of Tokyo Gas, the largest gas utility in Japan. Upon the deregulation of the electricity and gas markets in Japan, Acario was created to explore and invest in emerging technologies in the new energy and sustainability sectors. Their current investment focus areas include mobility solutions, renewables and energy storage, next-generation grid infrastructure and services, and sustainability.

HomeServe USA is an independent provider of home repair service solutions since 2003. HomeServe serves more than 4 million homeowners in the U.S. and Canada and offers services with more than 700 municipal, utility and association partners in the US. And Canada.

Schneider Electric provides energy and automation digital solutions for efficiency and sustainability.

Kilroy owns and manages innovative, sustainable properties located in vibrant business epicenters.

How Do I Get Involved?

For Startups

Apply for $200,000 - $500,000 in funding and resources to help companies reach commercial scale.

How to Apply


Learn more about how we work with partners to invest in and acquire startups, pilot new technology, and roll-out commercial-scale projects.

Partner Program

For Everyone Else

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Our Latest Work