Impact Report

July 2018


Five Years in Five Charts

From our first cohort in 2013 to our sixth in 2018, here's a snapshot of where Elemental Excelerator is today.

Our portfolio companies are growing significantly - and getting acquired.

The total value of our projects has climbed to $35M.

$35 milion total value of EEx projects

Our partners' commercial reach has tripled in 2 years.

2x average growth in commercial potential represented by EEx partners

Our work creates job opportunities.

1000+ jobs supported by EEx portfolio companies

Our pipeline has grown to 1099 companies from around the globe.

Meet our startups.

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


The Earthshot

Transitioning to clean energy is not only a challenge facing utilities and those in the energy industry. It will require collective action from all of us, from entrepreneurs to teachers, from voters to legislators, from Hawaii to each jurisdiction across 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.

Hitachi is a Japanese multinational conglomerate and one of the world's largest manufacturers of power systems and industrial components.

Private, educational, charitable Native Hawaiian trust

BP is a British multinational oil and gas company headquartered in London, England.

Centrica is a British multinational utility company headquartered in the United Kingdom.

Orsted is a multinational power company headquartered in Copenhagen, Denmark.

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.

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

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.

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