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Elemental Impact

Nonprofit investing platform funding climate tech

Overview

Elemental Impact is a nonprofit investing platform that mobilizes catalytic capital to support a portfolio of 160+ companies across energy, agriculture, transportation, industry, and nature-based solutions. It works by partnering with funders to deploy funds, while also offering expert services, workforce development, and policy engagement to help projects attract more private investment. It differentiates itself by coordinating philanthropy, government, and private investors through a network of funds, with a focus on climate benefits and local job creation rather than just financial returns. Its goal is to deliver lasting economic and climate benefits by reducing emissions affordably, creating jobs, and scaling technology-enabled solutions in communities.

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About Elemental Impact

Simplify's Rating
Why Elemental Impact is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Honolulu, HI

Founded

2012

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What believers are saying

  • DCII opened on May 27, 2026, targeting up to ten startups through 2027.
  • Elemental says 40 funders back 160 companies, creating 18,100 jobs.
  • EQT Foundation added €500,000 in 2026 to scale first-of-a-kind climate infrastructure financing.

What critics are saying

  • DCII depends on four hyperscalers; one sponsor withdrawal weakens project demand quickly.
  • Elemental's 2026 survey found 90% of portfolio companies changed plans after U.S. policy shifts.
  • If data-center pilots fail, Elemental loses its strongest venture-to-industrial deployment story.

What makes Elemental Impact unique

  • Elemental Impact pairs catalytic capital with deployment support, not just venture checks.
  • Its June 2026 DCII embeds Amazon, Google, Meta, and Microsoft as pilot customers.
  • Since 2009, Elemental claims $11.8 billion follow-on capital from $105 million invested.

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Benefits

  • Paid Vacation
  • Hybrid Work Options
  • Professional Development Budget

Company News

EIN Presswire
Aug 18th, 2026
Ampaire closes $19M Series B led by DiamondStream to scale hybrid-electric aviation

Ampaire has closed a $19 million Series B funding round led by DiamondStream Partners, bringing the company's total funding to $68 million, including approximately $25 million in non-dilutive grants and contracts. The round included strategic participation from Alaska Airlines and International Airlines Group. The California-based company develops hybrid-electric propulsion systems for aircraft. It operates the world's largest fleet of flying full-scale hybrid-electric aircraft and has completed more than 38,000 hybrid-electric miles of test flights. Ampaire will use the proceeds to accelerate commercial deployment, expand flight operations under the FAA eIPP programme, produce additional Eco Caravan units, advance regulatory progress, and increase manufacturing capabilities. The company's Eco Caravan has demonstrated approximately 54-57% lower total fuel burn than legacy turboprop-powered configurations.

Axios
Jul 9th, 2026
Hephae raises $17.8M to drill geothermal wells in rocks over 210°C

Hephae Energy Technology, a high-temperature geothermal drilling startup, has closed a $17.8 million Series A funding round, bringing its total raised to $24.7 million. The round was co-led by Susquehanna Sustainable Investments and Underground Ventures. The Spring, Texas-based company has developed drilling systems that can operate at temperatures up to 210°C, protecting computing components from heat that typically fries standard equipment above 175°C. Hephae rents its systems to developers at temperature-based day rates. The startup, founded in 2021, counts Fervo and Mazama as customers. It plans to use the funding to build a dozen drilling systems and develop technology capable of operating above 300°C. Hephae claims its systems can save up to $1 million per well through improved efficiency.

The Healthcare Technology Report
Jun 11th, 2026
Microsoft, Google, Amazon, and Meta back new data center climate initiative.

Microsoft, Google, Amazon, and Meta back new data center climate initiative. Published. June 11, 2026 Some of the world's biggest tech companies are turning data centers into testing grounds for cleaner infrastructure. Microsoft, Google, Amazon, and Meta are partnering with nonprofit investment firm Elemental Impact to help climate startups pilot technologies such as advanced cooling, energy storage, low-carbon building materials, and other tools that could reduce the environmental strain of AI growth. The initiative also gives startups access to major potential customers as tech companies face growing pressure over the energy and water demands of the AI boom. As first reported by Axios, Elemental Impact will invest between $500,000 and $5 million in up to 10 startups through 2027 to support these data center pilot projects. While the tech giants are not formally committing direct investment dollars at this stage, they provided funding to launch the effort and will pay annual membership fees. The initiative also draws multi-year grant funding from philanthropic organizations, including the Bill Gates-backed Breakthrough Energy and Lukas Walton's Builders Vision Philanthropy. The initiative is meant to help promising climate technologies move from early pilots into real customer environments. Startups will be selected through a request for proposals focused on cleaner materials such as green cement and steel, alternatives to copper wiring, energy storage, and new cooling methods. Microsoft Chief Sustainability Officer Melanie Nakagawa said many promising technologies "struggle to move from the pilot to large-scale deployment." The program comes as data center growth faces increased scrutiny over electricity demand, water use, and local infrastructure impacts. Organizers are focusing on technologies that could help data centers use energy and water more efficiently while giving startups access to major potential customers. Dawn Lippert, CEO and Founder of Elemental Impact, said the initiative is "not funding data center expansion itself," but is working with entrepreneurs to shape how that expansion happens. Elemental Impact may expand the initiative beyond its initial 2027 timeline if the early pilots successfully scale.

AI Magazine
Jun 4th, 2026
Elemental Impact rallies big tech for data centre innovation.

Elemental Impact rallies big tech for data centre innovation. June 04, 2026 Backed by Microsoft, Google, Meta and Amazon, Elemental Impact launches the Data Center Innovation Initiative to accelerate digital innovation AI workloads are creating infrastructure demands that could reshape how the technology sector approaches energy, cooling and construction. The computational requirements of machine learning models are forcing operators to expand capacity while managing mounting concerns around power consumption and emissions. A new funding initiative aims to use this expansion as a testbed for emerging technologies. Elemental Impact has launched the Data Center Innovation Initiative (DCII) with backing from Amazon, Google, Meta and Microsoft, alongside organisations including Breakthrough Energy Discovery, Builders Vision Philanthropy, Salesforce and the Stolte Family Foundation. The programme focuses on moving startup technologies from development into operational environments where AI workloads are running. AI infrastructure creates funding opportunity. According to Elemental Impact, the DCII will invest between US$500,000 and US$5m in up to ten startups through 2027. The initiative targets technologies linked to energy systems, cooling, electrical infrastructure and construction materials. The organisation positions data centres as proving grounds for innovations that could later transfer into manufacturing, utilities and local energy networks. AI's compute intensity is accelerating the timeline for testing these solutions. "We see this historic buildout of data centres as a way to pull forward important innovations that we've been investing in for many years - across energy, materials and water," says Dawn Lippert, CEO and Founder of Elemental Impact. "By collaborating with Amazon, Google, Meta and Microsoft, we can help accelerate how these entrepreneurs are deploying, commercialising technologies that reduce emissions and deliver more positive impact for communities, including affordable, reliable energy." Machine learning demands test solutions. Elemental Impact says participating companies will help identify priority areas, contribute to due diligence processes and support deployment opportunities for selected technologies. These projects will be tested in existing data centres or at dedicated demonstration sites. Several technical areas are in focus of this initiative. Energy storage systems are designed to support cleaner electricity supply. Advanced electrical infrastructure aims to improve operational resilience. Industrial cooling systems target reductions in water and energy consumption. Low-carbon construction materials also form part of the programme. Tech companies address operational challenges. Melanie Nakagawa, CVP and Chief Sustainability Officer at Microsoft, says the company views sustainable data centre design as a technology adoption opportunity. "Sustainable data centre design represents one of the fastest-growing opportunities for new technology adoption today," Melanie says. "That's why Microsoft has joined with Elemental Impact to convene industry leaders and innovators across the ecosystem in pursuit of promising technologies to reduce emissions." "Our focus is on helping scale solutions to deliver reliable, clean power and sustainable materials, while improving efficiency and resiliency in the communities where we operate." According to Elemental Impact, documenting project results forms a core part of the initiative. The organisation aims to create evidence for operators considering future adoption, particularly for technologies that still face deployment risk. Industry collaboration shapes sustainability approach. The programme could show how major technology companies are treating sustainability challenges as shared infrastructure issues rather than competitive advantages. Google frames the initiative as part of its climate and energy strategy. "At Google, we've long believed that no one can solve climate change alone and that true leadership is built through partnership," says Kate Brandt, Chief Sustainability Officer at Google. "This initiative with Elemental Impact complements our third decade of climate action and builds on our long-term track record of helping to accelerate and create markets for clean energy and sustainability solutions." "We are proud to work with these collaborators to pilot and scale the next generation of energy and material technologies, supporting our shared ambition to build a more resilient and sustainable future for everyone." Kara Hurst, Chief Sustainability Officer at Amazon, points to operational lessons from the company's data centre estate as part of the collaboration. "Amazon has shown leadership in energy and water efficiency across our data centre infrastructure for two decades and the Data Center Innovation Initiative lets us put that operational expertise to work alongside entrepreneurs solving challenges in carbon-free energy, advanced cooling and lower-carbon materials," Kara says. AI buildout enables wider deployment. The DCII centres on data centres with Elemental Impact positioning the initiative as part of a wider industrial transition. Technologies validated through AI infrastructure could eventually support schools, hospitals and local energy systems. The organisation will work with participating companies on workforce development and local stakeholder engagement during deployment. Elemental Impact says that 98% of companies in its current portfolio report community partnerships as important to project success. Nat Sahlstrom, VP of Energy and Sustainability at Meta, says AI infrastructure creates unique conditions for testing. "Data centres are uniquely positioned to serve as catalysts for clean energy and sustainable building materials," Nat says. "What excites us about the DCII is the focus on advancing emerging technology projects, building on Meta's commitment to designing, building and operating sustainable and innovative data centres." "By sharing what we learn together, we can support entrepreneurs to scale faster and move these innovations to real-world impact." Executives. * Dawn Lippert Founder and CEO * Kara H. Hurst Vice President, CSO, Worldwide Sustainability * Kate Brandt Member Board of Trustees * Melanie Nakagawa Chief Sustainability Officer * Nat Sahlstrom VP of Energy and Sustainability Company Portals

EQT Group
Apr 2nd, 2026
EQT Foundation grants $565,000 to Elemental Impact to scale first-of-a-kind climate infrastructure financing

EQT Foundation has granted €500,000 to Elemental Impact, a nonprofit investor, to scale a catalytic financing model for first-of-a-kind climate infrastructure projects. The grant supports Elemental's FOAK financing programme, which addresses the capital gap between venture funding and project finance. Elemental targets projects requiring $2–5 million in development-stage capital through innovative instruments like the Development SAFE, created with Wilson Sonsini. These investments have mobilised 10 times the initial funding from utilities, government and strategic investors. Since 2009, Elemental has invested over $105 million and catalysed approximately $11.5 billion in follow-on capital across clean energy, materials, agriculture and industrial decarbonisation sectors. The foundation's support will strengthen Elemental's capacity to deploy catalytic capital and advance larger FOAK projects, helping bridge the gap between climate technology innovation and commercial deployment.

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