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Meet Our Global Partners

February 2, 2017

· 7 min read
Elemental Excelerator

Over the past 4 years, we’ve built a board of Global Partners from both the public and private sector. The partners have been strategically selected for their industry leadership and ability to help us achieve our mission.


The Department of Defense (DoD) Office of Naval Research (ONR) recognizes the paramount importance of scientific research to future naval power and the preservation of national security. As the anchor funder of our program, ONR is interested in the rapid commercialization of clean energy technologies that the Navy can procure to improve reliability and resiliency.
Forbes: Hawaii Gets $30M From Navy To Fund Clean Tech Startups

The Department of Energy (DOE) is dedicated to ensuring America’s security and prosperity by addressing its energy, environmental, and nuclear challenges through transformative science and technology solutions. The DOE’s goals include transforming the nation’s energy system, securing U.S. leadership in clean energy technologies, maintaining science and engineering as a cornerstone of our economic prosperity, and enhancing nuclear security. DOE sponsors more research in the physical sciences that any other U.S. federal agency. Part of the Elemental Excelerator’s roots can be found in the collaboration between the State of Hawaii and the DOE in the Hawaii Clean Energy Initiative, a model for state energy policies pursuing an aggressive transition to renewable energy.

The Hawaii State Energy Office (HSEO) is a division of the State’s Department of Business, Economic Development and Tourism (DBEDT). HSEO is committed to developing and deploying high impact solutions that will maximize Hawaii’s renewable energy resources, and improve efficiency and transportation standards. HSEO supports the ecosystem in a variety of ways, such as bringing VERGE Hawaii to the islands. Each year the conference showcases Hawaii’s energy leadership by convening important voices in clean energy.


Hawaiian Electric Industries (HEI) is the parent of the three largest utilities in the Hawaiian Islands – Hawaiian Electric Company, Inc., Hawaii Electric Light Company, Inc. and Maui Electric Company, Ltd. – and one of Hawaii’s largest financial institutions, American Savings Bank. HEI was Elemental Excelerator’s first global partner, sponsoring Elemental Excelerator’s co-working space in the heart of downtown Honolulu.
Elemental Excelerator partners with Hawaiian Electric parent to create space for startups

VECTOR (New Zealand)
Vector is New Zealand’s largest distributor of electricity and gas. The company owns and manages a unique portfolio of businesses, which consists of electricity distribution, data and communications provider, gas transmission and distribution, smart metering and data management, natural gas and LPG, fiber-optic networks, and solar and energy storage solutions. Vector sees Hawaii as the Silicon Valley of energy and is most interested in technologies that bring different types of innovation together into one platform and technologies that increase engagement with their end clients.
New Zealand Joins the EEx Innovation Ecosystem

Tokyo Electric Power Company Holdings, Inc. (TEPCO) is the largest public utility in Japan, and the 4th largest utility in the world. After the market was deregulated in Japan, TEPCO faced a rapidly changing market and significant disruption to their business model. In response, TEPCO formed an Innovation Task Force to evaluate technology solutions for their grid and explore new business ventures. They are collaborating with Elemental Excelerator and its portfolio companies to assist them in their transformation, learn more about energy innovation in Hawaii, and build a pipeline of promising startups.
Japan’s Largest Electric Utility Partners With Elemental Excelerator

First Philippine Holdings Corporation (FPH) is a management and investment company with interests in power generation and distribution, as well as strategic initiatives in manufacturing and property development. Its power generation subsidiary, First Gen Corporation, is a renewable energy producer with various power plants that utilize geothermal, hydro, and natural gas. With FPH’s commitment to never invest in another coal plant, they are positioning themselves as the renewables leader of the Philippines across all clean energy verticals and are looking to share their geothermal expertise with the world.

SK GAS (South Korea)
SK Gas is part of SK Group, the third-largest conglomerate in Korea. SK Gas also owns and manages a portfolio of businesses, including power generation, renewable energy development, and property development. SK Gas is looking for technologies that bring innovation to the energy sector and has high interest in service solutions (e.g., energy storage systems, energy efficiency, etc.) that are built around enhancing engagement with end customers.


GE Ventures is a global leader in energy innovation and investments, with 27 active energy venture investments (as of August 2016). They are committed to identifying, scaling, and accelerating ideas that will make the world work better and provide entrepreneurs and startups access to GE’s technical expertise, capital, and opportunities for commercialization through GE’s global network of businesses, customers, and partners. GE counts most of the world’s utilities as their client and wants Elemental Excelerator to provide insight into the technologies and projects that are actively being deployed.
Sustainable Energy is the game and Hawaii’s Elemental Excelerator is the name

DENSO Corp., headquartered in Japan, is the second largest auto part technology company in the world. With DENSO’s recent launch of a venture capital arm in Silicon Valley, they partnered with Elemental Excelerator to give themselves an instant presence in the energy and transportation scene and insight into the next phases of the Hawaii Clean Energy Initiative focusing on transportation.
Partner Profile: DENSO


The Blackstone Charitable Foundation is the 3rd largest private equity firm in the world. Through its investment expertise across several asset classes and geographies, Blackstone has a unique perspective on the global economy and a heightened understanding of how entrepreneurial activity is often the crucial catalyst in the growth of successful businesses, industries, and communities. Elemental Excelerator is proud to have been selected by Blackstone as a partner in supporting energy-related startups. They understand that the business of buying and selling large companies is only sustainable with a healthy ecosystem of strong small companies supporting them.
Partner Profile: Blackstone Charitable Foundation

The Hawaii Community Foundation (HCF) partners with and convenes experts, donors, and nonprofits to raise the level and effectiveness of philanthropy in Hawaii. HCF creates partnerships by bringing funders together with nonprofit, community, and government leaders, and shares knowledge gained through its work investments. Fresh water has always been a concern for an island in the middle of the Pacific with finite water resources, and Elemental Excelerator is proud to partner with HCF in looking at innovative ways to increase water efficiency, transparency, and supply.


MathWorks is the leading developer of mathematical computing software for engineers and scientists.

Amazon Web Services is an American electronic commerce and cloud computing company with headquarters in Seattle, Washington. They provide a highly reliable, scalable, low-cost infrastructure platform that powers hundreds of thousand of businesses in 190 countries around the world.

If you’re interested in partnership opportunities, contact us at hello@elementalexcelerator.com. If you’re interested in staying up-to-date on all things Elemental Excelerator, sign up for our monthly newsletter.