"I believe we need to diversify the perspectives within the climate industry to create equitable, holistic, people-centered solutions." 🌟 Meet Osvaldo Garcia, Urban Fellow for the New York City Economic Development Corporation, an alumni to our EDICT internship program & one of the Faces of Clean Energy! 🌟 His dedication is paving the way towards a greener world for under-represented communities. Explore his impactful journey and discover how he's making a difference.
Elemental Excelerator
Renewables & Environment
Honolulu, HI 27,035 followers
We are on a mission to redesign systems at the root of our climate crisis.
About us
Elemental is a nonprofit investor in climate technology for social impact. We bring more than a decade of experience across the climate sector, with an active and maturing portfolio of more than 150+ companies. Elemental fills two gaps fundamental to addressing climate change: funding projects for climate technologies in communities, and embedding equity and access into climate solutions. We invest in transformative technologies to create a system change for a more resilient, sustainable future.
- Website
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http://elementalexcelerator.com
External link for Elemental Excelerator
- Industry
- Renewables & Environment
- Company size
- 51-200 employees
- Headquarters
- Honolulu, HI
- Type
- Nonprofit
- Founded
- 2012
- Specialties
- Startups, Clean Energy, Transportation, Agriculture, Cybersecurity, Water, Energy storage, Energy efficiency, and Energy
Locations
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Primary
1099 Alakea Street
Suite 1250
Honolulu, HI 96813, US
Employees at Elemental Excelerator
Updates
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Projects like this are what Elemental is all about—creating communities that are cleaner, healthier, safer, and more affordable. 🌟 We are thrilled to be part of this incredible project with the Palmdale Water District and portfolio company Capture6 as they launch "Project Monarch"! This new initiative will provide residents with new water supplies and help California achieve its goals of 100% renewable energy and carbon neutrality by 2045.
Carbon-capture projects launch in Los Angeles County as CO₂ levels reach global records
latimes.com
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🏕️ We're going to camp, Camp Cleantech! Join us and other top leaders in the climate tech space. 🌟 Don't forget to sign up for our session "Square Partnerships Model: Deploying Climate Technology with Community in Mind.” Get hands-on with our Square Partnership Model and learn how to deploy climate tech that truly benefits communities. We'll share frameworks, tools, case studies, and lessons learned, along with insights from our portfolio companies and community partners! Secure your spot today: https://bit.ly/4cKjtNX
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📢 We're hiring a Director of Media & Content! Are you a strategic communicator with a passion for climate tech and social equity? Ready to craft compelling narratives and lead high-impact media campaigns? Join our diverse and dynamic team at Elemental Excelerator and help us drive transformative change. Apply today: https://bit.ly/3W3X60w
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Our portfolio companies have done some AMAZING things during the month of June - here's a roundup! 🎉🌟 Have you followed any exciting moments in climate innovation this month? Let us know in the comments! 🌍✨ New Innovations & Partnerships! 🚀 * Boston Consulting Group (BCG) announced a new agreement to purchase sustainable aviation fuel certificates (SAFc) for fuel made using renewable energy and CO2, with Elemental portfolio company Twelve. * SparkMeter partnered with Honeywell Smart Energy and Thermal Solutions to gain near real-time insights for better grid health, financial decisions, and integration of solar panels, wind turbines, energy storage systems, and EVs. * Arizona Water Co. is partnering with Microvi Biotech Inc. to install advanced nitrate and arsenic treatment systems, ensuring groundwater meets U.S. EPA’s Safe Drinking Water Act standards. Growth! 🌱 * Mast Reforestation, Climate Robotics, and Ebb Carbon were announced as semi-finalists for the U.S. Department of Energy (DOE)'s Carbon Dioxide Removal Purchase Pilot Prize. New Release! 📚 * Elemental portfolio founder Donnel Baird Donnel was featured in the new book "What's Possible: Investing Now for Prosperous, Sustainable Neighborhoods" – offering practical solutions for workforce development, clean energy, resilience, and equity. Honors! 🏅 * Evan Naiʻaomana Castro of portoflio company Shifted Energy was announced in Pacific Business News’ 2024 40 Under 40 list. * Mansi Jain, Founder of DigitalPaani, won 2024 Cartier Women’s Initiative Fellowship.
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"At Elemental, OKRs help organize everyone’s thinking on challenging, multifaceted systems problems, and they’ve become the key thread through our team meetings and our board meetings." - Avra van der Zee, COO at Elemental Excelerator Discover how implementing OKRs can effectively tackle complex issues and drive meaningful change at your organization. We use the OKR framework to quantify our impact goals and ensure we are making significant progress. Thank you to WhatMatters for creating this incredible tool. We are honored to have our story featured!
Bridging Strategy and Impact with OKRs
whatmatters.com
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🏆Congratulations to the winners of the Resilient New Orleans Innovation Challenge! As our VP of Partnerships, Mark Chambers said, "the Resilient New Orleans Innovation Challenge underscores the importance of co-creating climate solutions with impacted communities. At Elemental, we are merging the worlds of climate tech and public finance to accelerate community-driven solutions with greater local impact. This challenge is an exciting opportunity to partner more deeply with the city of New Orleans alongside an organization that has a deep-rooted history of serving the local community." Meet the winners 🎉 • Gro Enterprises implements and manufactures carbon-negative, high-performance building materials sourced from industrial hemp 🏠🌿 • Gradient makes high-efficiency air conditioning and heating equipment that can be installed by anyone ❄️🔥 • Frontline Gig is an AI-driven workforce development platform that connects 10 million blue-collar workers to the green economy 🤖🛠️ • RainStick is developing water and energy innovation technology for the home, allowing people to thrive using only 13 gallons of water per person daily. Their first technology is a shower appliance that saves 80% water and up to 80% energy 🚿💧⚡ Join us in celebrating these four companies as they drive resilience and sustainability in New Orleans and beyond! 🌍 Learn more: https://bit.ly/3VIIwdd
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Elemental Excelerator reposted this
Chief Growth Officer, Elemental, Founding Board Member, Earthshot Ventures, Climate Advisor, Emerson Collective
More than a year ago we decided to explore ways we could support founders through the Scale Gap - aka the ‘missing middle’ or that period of growth between venture and commercial scale. We’d noticed that it’s a uniquely challenging stage for climate tech, and with the collapse of SVB there was an even more acute lack of funders in the space. So, we launched an Infrastructure Prize with access to financiers-in-residence and other experts, collaborated with Robert O'Connor and Wilson Sonsini Goodrich & Rosati to create a flexible investment tool called the Development-SAFE (an iteration of Y Combinator’s well-known SAFE), started funding Scale Up projects in this space with audacious philanthropic partners (like The Rockefeller Foundation, Waverley Street Foundation and others), and partnered with Parham Peiroo Boston Consulting Group (BCG) and BCG X to research and convene stakeholders. I’m so excited to share one of the products we created to bring more clarity and collaboration to the field - our newly released report: Traversing the Climate Technology Scale Gap. We talked to over 100 investors, corporates, and others to figure out what exactly was missing from the current landscape. Turns out we have most of what we need, with a few adjustments. Check out our findings, and reach out if this resonates: https://lnkd.in/g6gMXhep. One of our main takeaways is that we need partnership across asset classes and stakeholders. More to come on this part, we’ve got some ideas for this too 🤓! Dawn Lippert Avra van der Zee Danya Hakeem Saritha Peruri Natalie Volpe Veronica Chau Raju Sarma Jonah Goldman Jason Salfi Matt LeDucq Tim Latimer Daniella Henry Scott Zimmermann Alexander Bashian Thomas Belazis Alexandria McBride John Moon Elemental Excelerator Earthshot Ventures Emerson Collective
Closing the $150B Funding Gap With ‘Old Tools’ and ‘New Friends’ - Elemental Excelerator
https://elementalexcelerator.com
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✨ We're hiring a Senior Manager of IT Strategy and Operations! ✨ Are you a strategic thinker passionate about leveraging technology to scale climate solutions and drive community impact? Join Elemental and lead our tech strategy to shape a sustainable future. Apply now: https://bit.ly/4bdzlHt
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Elemental Excelerator reposted this
Over the last year, we have deployed 8 low-friction, synthetic development loans, the “Development SAFE,” to projects with significant climate and community impact. It’s like a reverse convertible note: an equity instrument that converts to debt at the CEO’s option once the project is fully funded and underway. Today ImpactAlpha is out with a story shining a light on this new tool, which we developed with Robert O'Connor of Wilson Sonsini Goodrich & Rosati. Amy Cortese dug in with Avra van der Zee to understand the backstory and why we created the D-SAFE. I like this part— “‘That’s the capital that’s very high risk, but very catalytic, because without it, projects don’t happen,’ Jason Salfi of Dimensional Energy, a New York-based startup that upcycles captured carbon into chemicals and aviation fuel, told ImpactAlpha. Dimensional is among the first climate tech startups to use a new development-specific instrument to scale the gap and get commercial plants off the ground. The Development-SAFE, a twist on the “simple agreement for equity” widely used in Silicon Valley, was created by Elemental Excelerator and law firm Wilson Sonsini to address the specific needs of startups developing their first pilot plants or commercial facilities.” Dimensional used the D-SAFE to unlock 20x more project funding from Seneca Holdings and others to finance its sustainable aviation fuel plant in upstate NY. And we’ve deployed D-SAFEs to accelerate FOAKs and project development for Fervo Energy with Tim Latimer, Forum Mobility with Matt LeDucq, Capture6 with Ethan Cohen-Cole, and more Elemental portfolio companies. Our goal is to have the dollars recycle back to us as soon as the projects get larger financing so that we can re-deploy capital for impact. We’re grateful for attorneys and CEOs who innovate alongside us to help climate technologies close the $150B Scale Gap for climate financing, a number uncovered in our new white paper out today with BCG. Onward!
How D-SAFES can help climate tech startups get projects off the ground
https://impactalpha.com