Elemental Impact

What a year of impact! Thanks to our 40+ funders, 2024 marked a turning point for first-of-a-kind climate tech projects. Our portfolio companies are proving that game-changing solutions can scale when you combine catalytic capital, project expertise, and community partnership. Learn more: https://shorturl.at/GG1iU Just look at these milestones: 🌡️ Fervo Energy launched the largest enhanced geothermal project in history at Cape Station, Utah - creating the first geothermal apprenticeship program that could help power 2M+ homes 🔋 Nth Cycle opened their first commercial refining facility in Fairfield, Ohio, becoming the first domestic source of premium nickel MHP - critical for U.S. battery manufacturing ✈️ Dimensional Energy partnered with Seneca Holdings to develop their first commercial SAF facility in New York, set to produce 58,400 barrels of sustainable aviation fuel annually With $4.7B in project opportunities across our pipeline, we're just getting started. Want to join us in scaling climate solutions? Let's connect. Dawn Lippert, Avra van der Zee, Kim Karris, Camille Bangug, Christina Angelides, Amir Chireh Mehr, Mark Chambers

🏗️ ✨ Announcing the winners of the 2024 “Build Better Innovation Challenge!” Microsoft, Capgemini, and Bouygues Group have selected SIX winners who have designed groundbreaking solutions tackling emissions from steel, concrete, and other essential construction materials. This year’s competition highlights the increasing demand for these materials being driven by the construction of new AI data centers. This Challenge is just one way we’re addressing the $150B ‘Scale Gap.’ As our VP of Partnerships Mark Chambers puts it: “Elemental is excited to rally our corporate partners as they open critical pilot, investment, and commercialization doors for these innovators to step through, accelerate their growth, and scale their impact.” 👏 Congratulations to: 🏆 C-Crete Technologies 🏆 Carbon Upcycling Technologies 🏆 Néolithe 🏆 Woodoo 🏆 FROOT 🏆 Made of Air Learn more about these game-changing solutions and the challenge 👉 https://hubs.li/Q02_LNFV0

🚀 “We’re seeing firsthand how AI can embolden technologies and innovations essential to building materials. We’re thrilled to create more opportunities connecting these promising solutions to the capital and customers they need to scale.” - Avra van der Zee, Chief Operating Officer at Elemental Impact This Microsoft Source article explores AI's transformative potential for sustainability, highlighting our "Build Better Innovation Challenge" and how emerging technologies can accelerate the transition for hard-to-decarbonize industries like construction.

🏗️ ✨ Announcing the winners of the 2024 “Build Better Innovation Challenge!” Microsoft, Capgemini, and Bouygues Group have selected SIX winners who have designed groundbreaking solutions tackling emissions from steel, concrete, and other essential construction materials. This year’s competition highlights the increasing demand for these materials being driven by the construction of new AI data centers. This Challenge is just one way we’re addressing the $150B ‘Scale Gap.’ As our VP of Partnerships Mark Chambers puts it: “Elemental is excited to rally our corporate partners as they open critical pilot, investment, and commercialization doors for these innovators to step through, accelerate their growth, and scale their impact.” 👏 Congratulations to: 🏆 C-Crete Technologies 🏆 Carbon Upcycling Technologies 🏆 Néolithe 🏆 Woodoo 🏆 FROOT 🏆 Made of Air Learn more about these game-changing solutions and the challenge 👉 https://hubs.li/Q02_LNFV0

🌟Exciting News: We're investing $18.6M in 16 climate technology entrepreneurs creating local jobs and impact across America and around the world. For 15 years, Elemental has been working to bridge the critical funding gap between innovation and widespread deployment. Today, we're proud to announce our latest investments that will create jobs in communities from Texas to Tennessee. These entrepreneurs, selected from over 700 we vetted, are: 🏗️ Reinventing American manufacturing 🚢 Building resilient supply chains 🤝 Strengthening rural and tribal communities 🌳 Scaling regenerative food systems But capital is just the beginning. Our comprehensive support includes project development expertise, policy work, and community engagement—everything needed to deliver first-of-a-kind (FOAK), early-stage commercial deployments. This announcement represents the next chapter in our mission to tackle the $150B "Scale Gap" - through catalytic capital, project expertise, and community engagement. Together with our portfolio of 160+ companies that has created over 10,000 jobs, we're proving that entrepreneurs can deliver both environmental and economic benefits where they matter most—in local communities. This work is only possible through the support of our audacious philanthropic and government funders. Thank you for leading the way! Learn more about our newest investments: https://hubs.li/Q02_hhmX0 Artyc Aspiring Materials Fleet Robotics Foray Bioscience Found Energy Inevitable Klim MetOx International Noon Energy Plantible Seabound SIMPLi SuperCircle Symbium Verdi Xplorobot

Did you know, only 22.3% of e-waste was recycled in 2022, according to the UN Global E-waste Monitor? This is concerning because manually dismantling electronics poses serious health risks to workers and generates significant waste that pollutes communities. That’s why we’re excited to share that our portfolio company, Molg, has secured a $5M DOE grant to address this pressing issue with their groundbreaking microfactory technology. Why does this matter? This grant will help Molg improve the affordability and efficiency of battery recycling to secure its supply chain for sustainable electronics products, while prioritizing worker safety. Even better, they’re collaborating with Virginia Commonwealth University and Rewriting the Code to drive workforce development and new career opportunities. Innovative solutions, safer practices, and new job opportunities—a win for everyone!

🌟 Who’s Transforming Industries and driving economic opportunity in our portfolio this quarter? We’re proud to share how our portfolio companies are revolutionizing sustainability across industries by creating jobs, cutting costs, and building a cleaner future: 🏆Time Magazine Recognizes American Innovation 1️⃣ Tim Latimer, CEO of Fervo Energy, named to TIME100 Next 2024 - demonstrating how U.S. geothermal technology leadership creates economic opportunities while solving energy challenges. 🚀Technology that Delivers Real Benefits 2️⃣ Liminal raises $10M led by LG Technology Ventures advancing battery manufacturing quality control solutions. 3️⃣ Molg's $5.5M seed funding brings circular manufacturing innovation for more sustainable electronics production. 4️⃣ Terviva partners with Chevron Renewable Energy Group to scale its pongamia tree operations, focusing on the crop’s potential as a low-input, high-yield biofuel feedstock for renewable energy applications. 5️⃣ CarbonCure Technologies surpasses 500,000 metric tons CO₂ saved by injecting captured carbon into concrete, demonstrating scalable carbon reduction solutions for the construction industry. 🌊A Partnership Scaling Solutions for Economic Growth 6️⃣ Ebb Carbon has partnered with Microsoft in a pioneering agreement to deliver 350,000 tons of marine-based carbon dioxide removal over the next decade, using ocean alkalinity enhancement to reduce emissions and combat ocean acidification. Our portfolio companies aren't just building scaling proven technology solutions - they're reshaping industries to create a more sustainable future. We’re supporting by connecting innovators with communities and investors to create tangible benefits: lower utility bills, job creation, and cleaner, safer American communities. Follow their journeys as they continue to break barriers and drive impact.

Thank you Christina Angelides for all of your hard work, daring to dream big, and ability to turn big dreams into strategic realities—all with a personality that inspires everyone to say, 'Sure, let’s figure it out!' Our whole team at Elemental is cheering you on for this much deserved award!

Extraordinary leaders don't just drive change—they inspire it. We’re proud to celebrate our Managing Director of Policy, Christina Angelides, as she receives the U.S. Department of Energy (DOE)'s 2024 Clean Energy Education & Empowerment (C3E) Award for Policy & Advocacy! Since founding our Policy Lab in 2020, Christina has reshaped our approach to policy and community engagement in climate innovation, paving the way for our $100M Greenhouse Gas Reduction Fund to bring clean energy to those who need it most. Anyone who has partnered with Christina knows her exceptional intelligence is matched only by her genuine warmth and dedication to creating positive change. Congratulations, Christina! Here’s to many more years of your transformative leadership at Elemental!

What if we could solve energy scarcity for 600 million people while accelerating the clean energy transition? We’re excited to announce a groundbreaking merger between SHYFT Power Solutions and SteamaCo to transform Africa's power infrastructure and taking on the challenge of delivering reliable access to electricity. This merger will also: * Expand energy access for millions * Create substantial employment opportunities * Accelerate clean energy adoption * Drive innovation in power distribution We're incredibly proud to see SHYFT Power Solutions reach this milestone. Here's to a brighter, more electrified future