120Water Named to Elemental Excelerator’s Cohort X
Elemental Backs 19 New Companies that Address the IPCC’s Climate Change 2021 report
Posted on September 29, 2021 120Water
Indianapolis, IN, Honolulu & East Palo Alto, Calif. (September 29, 2021) – Elemental Excelerator, the global nonprofit that designed the accelerator model for climate technologies, today announced the 19 companies selected for Cohort X, and 120Water was selected to the cohort. This is Elemental’s tenth group of investments, taking its portfolio to 136 companies and 20 exits.
Cohort X companies will receive between $200,000 and $500,000 to deploy and scale their technologies to address real-world challenges like net-zero infrastructure, climate mitigation, clean air and water, and several other categories. Seven of the 19 companies are the first to receive funding for global technology deployment through Elemental’s newly launched Global Track.
“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.”
“We are passionate about supporting the water industry to make clean drinking water available to all communities,” said Megan Glover, Co-founder and CEO at 120Water. “Clean drinking water has a huge impact on public health, especially for children, so our work in the water industry is really about protecting vulnerable populations and ensuring we leave our communities safer and healthier for future generations.”
Here are the companies categorized by issue area:
Electrify and decarbonize everything
We already have many of the tools we need to push fossil fuels out of the system and reduce emissions at a rapid pace. Rapid decarbonization through electrification can eliminate 70-80% of emissions by 2035 with the technologies we have today. It’s simply a matter of enabling and orchestrating their widespread deployment. These companies help us do just that.
- Dimensional Energy
The bipartisan infrastructure bill that passed in August and complementary budget resolution making its way through Congress now presents an opportunity for the U.S. to build an innovation economy and meet its climate targets. Elemental is backing entrepreneurs who are creating good jobs of the future, while decarbonizing our economy.
Build regenerative land and food systems
Heatwaves, drought, and extreme weather are increasing in frequency and intensity. Preserving our soils, forests, and ecosystems is vital to sequestering carbon and feeding a growing population. These companies are helping to enhance food security, revitalize land stewardship, and support communities by working with nature to provide a habitable planet for all.
- Climate Robotics
- Maui Nui Venison
- Vibrant Planet
Design out waste
While food is the most common form of waste worldwide and annual plastic waste is estimated to be equal to the weight of the entire human population, e-waste is the fastest-growing portion of global waste each year. It’s clear that we must shift from a flawed linear economy (make, take, dispose) to one that is more circular, and these companies are redesigning waste management systems, establishing platforms for reuse, and evolving single-use products into closed-loop solutions.
- The Better Packaging Co.
- Nth Cycle
- WEEE Centre
Clean air, clean water is about human health
At the intersection of climate change and equity lies human health. COVID-19 has underscored the need for innovation across all systems that impact human health, including water and wastewater infrastructure and indoor air quality.
- enVerid Systems
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, visit elementalexcelerator.com.
120Water is the end-to-end solution used by water professionals across the country to manage critical lead and drinking water programs. Comprised of secure cloud-based software, services and point of use kits, 120Water’s solution provides tailored workflows for complying with lead and water quality programs that protect public health. Their team of water, policy and technology experts have supported over 7,000 sampling events across the country, partnering with water systems and government agencies such as Citizens Energy Group, the City of Providence, the City of Asheville, and Chicago Public Schools to protect public health and provide clean drinking water to all communities. To learn more, visit 120Water.com or follow them on Twitter @120_Water.