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Elemental Excelerator to invest US$43m in climate technologies

by WAYA Staff - Mar 21, 2023
Elemental Excelerator to invest US$43m in climate technologies

Elemental Excelerator, the non-profit investor in climate-tech startups including BlocPower and ChargerHelp, has announced investing US$43 million in climate technologies.

The first allocated US$13 million will be for its coming program in October.

The remaining US$33 million will be invested in three to six scale-up projects.

The investor says that the startup-run projects must present solutions for greenhouse gas cuts and has a positive community impact.

Elemental added that it is targeting broad projects, not only technology, but it can cover electric vehicles, energy storage, recycling tech, cement decarbonization, seaweed cultivation, and composting. 

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.

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