PORTLAND, Oregon, September 29, 2021 —
Elemental Excelerator, the global nonprofit that designed the accelerator model for climate technologies, names EnergyRM to Cohort X. EnergyRM is honored to be 1 of 19 teams selected out of nearly 600 applicants. This is Elemental’s tenth group of investments, taking its portfolio to 136 companies and 20 exits.
“We’re thrilled to join Elemental’s Cohort X. Elemental is squarely aligned with EnergyRM’s mission and values and brings comprehensive expertise in the climate tech space,” said Jason Gregory, EnergyRM Co-Founder and CEO. “One of the things that drew us to Elemental is their strong network of corporate partners which include commercial real estate portfolios, energy solutions companies, and utilities.”
As one of the companies named to Cohort X, EnergyRM will receive funding to accelerate our mission to decarbonize the commercial built environment. Elemental’s approach to investing in startups is unique. An important part of its due diligence process is gathering community wisdom from nonprofits, community-based organizations, and government agencies before making funding decisions.
“What we realized is that while technology has half the solution, the community brings the other half. If we invest with this knowledge, we will be able to decarbonize faster, center equitable solutions, and be better investors,” said Dawn Lippert, Elemental founder and CEO. “Our goal is to back the companies that address climate change today and over the next 10 years, giving policymakers and corporations the confidence to act on climate now.”
EnergyRM is a clean energy fintech company that solves the split incentive in commercial buildings. Building owners rarely invest in energy efficiency in buildings where tenants pay for their energy use. The consequence is that commercial buildings routinely overconsume energy by 30% or more. EnergyRM’s platform gives owners and investors the software and financial structure needed to solve the split incentive, generate revenues from large-scale energy efficiency investment, and rapidly decarbonize the built environment.
About Elemental Excelerator
Elemental Excelerator is on a mission to redesign the systems at the root of climate change. Elemental fills two gaps that are fundamental to addressing climate change with the urgency required by funding first-of-a-kind projects for climate technologies in real communities and embedding equity and access into everything climate-related. Since launching in 2009, Elemental has invested in over 130 growth-stage companies and celebrated more than 20 exits, funded more than 70 technology projects, and built a platform for scaling equitable, market-driven solutions to climate change.
For more information, please visit elementalexcelerator.com.