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

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.

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

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

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

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

Private, educational, charitable Native Hawaiian trust

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

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

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.

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

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.

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

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

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

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.

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

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.

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

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.

American Savings Bank is Hawaii's third-largest financial institution and is a subsidiary of Hawaiian Electric Industries.

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.

Ulupono is a Hawaii-focused impact investing firm.

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

The Connecticut Center for Applied Separations Technologies (CCAST) is not for profit organization at the University of Connecticut who is dedicated to supporting the development, demonstration, and deployment of advanced and innovative separation technologies.

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.

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.

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

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.

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

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