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Partner Profile: GE Ventures

August 25, 2015

· 2 min read
Elemental Excelerator

Why EEx:

“We believe that it’s impossible for any organization to have all the best ideas, and we strive to collaborate with partners to solve problems. We are excited to partner with the Energy Excelerator who shares our passion around solving tough issues in the energy space.” – Colleen Calhoun, Senior Executive Director of Energy at GE Ventures

Why GE Ventures:

“GE Ventures is a perfect partner because our view of the future is very similar. We both see energy, water, transportation, security, and our economy as sets of interconnected systems – and that’s the approach we both take in building our portfolios.” – Dawn Lippert, Director of Energy Excelerator

GE Ventures Profile:

Corporate venture arm of General Electric | geventures.com | @ge_ventures

Number of investments: 72 companies (32 in energy)
Industry: software, advanced manufacturing, energy and healthcare

The partnership:

A seat on Energy Excelerator’s Strategic Advisory board: GE Ventures joins the U.S. Navy, U.S. Department of Energy, Blackstone Charitable Foundation, DENSO, Hawaiian Electric Industries, State of Hawaii, and Mathworks to help identify the most pressing challenges within our energy system and seek innovation to help solve them.

First look at Energy Excelerator’s innovation pipeline: As Rick Robertson, Senior Director of Power and Water said on a panel today, partnering with Energy Excelerator is something later-stage investors can do to get an idea of what’s coming down the road for them.

Project partners with EEx cohort companies: Shortly after Stem was accepted into Energy Excelerator’s 2014 Demonstration Track to prove out their intended business model, they closed their Series B where GE Ventures was one of their investors.

Read about it in Pacific Business News and GE Venture’s blog.