Impact Report

January 2020


We accelerate solutions to climate change and deploy those solutions in the communities that need them the most. Each year, we publish an Impact Report assessing our progress toward our mission. This year's report is a story of climate solutions gaining momentum in boardrooms, neighborhoods, and classrooms around the world.


$790 million of follow-on funding


70% of our companies have raised another round after joining the Elemental


In 2019, we helped CarbonCure deploy with a department of transportation for the first time. Each mile of their carbon-infused concrete pavement has the potential to reduce CO2 emissions by 500,000 pounds.


From 1 city to 300: we helped to pass a resolution requiring new city builds to consider carbon-infused concrete. It was first adopted by the Honolulu City Council and then U.S. Conference of Mayors — a gathering of 300+ mayors from across the United States.


“If we are serious about addressing climate change, we have to improve access to innovative technologies and bring along creative business models that provide economic benefits in communities that are disproportionately impacted by pollution and face reduced economic opportunities.” - Sara Chandler | Director of Innovation, Equity & Access

Meet our startups.

We are taking a systems approach to building a multi-stage portfolio.



Yerdle | The Recommerce Engine for a Circular Economy

Mahalo to Our Partners & Funders

Mitsui & Co.

Future Energy Ventures is the venture capital investment and collaboration platform of E.ON, with €250 million invested capital in its portfolio. It invests in digital and digitally enabled technologies and business models that have the potential to redefine the future energy landscape. Typically focusing on digital, scalable and asset-light companies seeking Series A and beyond funding, Future Energy Ventures seeks to capitalise on the investment opportunities presented by the transition to this new energy future and maximise scaling opportunities for its portfolio.

Aliaxis is a leader in advanced piping systems for building, infrastructure, industrial and agriculture applications; providing sustainable and innovative solutions that make clean water, sanitation and energy accessible to communities across the globe. Aliaxis Ventures invests in and partners with innovative and collaborative companies active in solving water-related challenges.

The Ford Motor Company is an American multinational automobile manufacturer headquartered in Dearborn, Michigan. Ford makes a positive impact on millions of people by empowering employees and protecting human rights in the supply chain. The company also believes it has a role to play in protecting the planet by reducing the emissions from its vehicles, operating world-class facilities and helping its suppliers reduce their impact on the world around us.

The Schmidt Family Foundation, established by Wendy and Eric Schmidt in 2006, brings philanthropic resources to some of this century’s greatest challenges across the globe. Applying new knowledge and innovation is our model for problem solving and for advancing original research in science, energy and the sustainability of the world’s biosphere.

In June 2020, Amazon announced The Climate Pledge Fund to support the development of sustainable and decarbonizing technologies and services.

United Airlines is flying toward a more sustainable future.

Ara Ake is New Zealand’s national new energy development centre, leading and facilitating the development of low-emissions energy innovation.

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

Kurita Group, headquartered in Japan, is a global water and environment company. Kurita provides comprehensive solutions by integrating its capabilities in water treatment chemicals, water treatment facilities, and maintenance services.

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

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.

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.

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

HTDC aims to accelerate the growth of Hawaii's technology industry by providing capital, building infrastructure and developing talent to foster innovation.

Servco Pacific Inc. is Hawaii's largest privately held company.

Conservation International is working to build a healthier, more prosperous, and more productive planet through science, policy, and partnerships with countries, communities, and companies. Over the years, they have helped support 1,200 protected areas and interventions across 77 countries, protecting more than 601 million hectares of land, marine, and coastal areas.

Emerson Collective is a social change organization that is working to renew some of society’s most calcified systems.

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.

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.

Equinor Energy Ventures is a corporate venture fund that invests in clean energy startups. The fund was established in February 2016 as part of Equinor’s business within New Energy Solutions, reflecting the company’s aspirations to expand its oil and gas portfolio to renewable energy and low-carbon solutions. 

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

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

Severn Trent is a UK-based water and wastewater company in the FTSE 100 (100 largest companies in the UK). The Severn Trent Water Authority was created as one of 10 state-run regional water utilities in 1973, and became a private company when the UK privatized its water sector in 1989. Today, the company serves 4.3 million homes and businesses in the Midland region.

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.

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.

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.

Ulupono is a Hawaii-focused impact investing firm.

Hawai'i Energy empowers island families and businesses to make smarter energy choices.

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

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