Funding Opportunities

GGRF Projects

~$3M to $10M in funding and tailored support to help scale a commercialized technology in the United States.

Submit a Phase 1 Application

Why GGRF Projects

Elemental will draw on its history of direct investing into climate companies and place-based projects nationwide across energy, transportation, buildings, water, agriculture, and industry, and plans to deploy equity, debt, and hybrid investments into projects that reduce GHG emissions and support local community benefits. This funding will prioritize projects that scale climate solutions in particular for low-income and other historically underserved communities. The GGRF fund will enable Elemental to apply its approach to more projects and enable significant progress toward its goal of reducing emissions by 500M tons CO2E by 2030 through its direct investments in projects and communities – unlocking orders of magnitude additional reductions as technologies scale.

Project Funding

~$3M to $10M

for companies that are ready for scale and poised to deliver benefits to local communities.

Investments can be made via equity, debt or hybrid structures, such as: project debt or equity, corporate debt or equity, credit enhancements, loan guarantees, or hybrid securities.

For more information, download our GGRF project information packet.

Download

GGRF Project Requirements

Projects, activities, and technologies must meet the following eligibility requirements

Reduces or avoids greenhouse gas emissions (including carbon dioxide, hydrofluorocarbons, methane, nitrous oxide, perfluorocarbons, and sulfur hexafluoride) consistent with the climate goals of the United States 
Reduces or avoids emissions of other air pollutants 
Delivers additional benefits to American communities
Would not otherwise have been financed 
Mobilizes private capital  
Supports only commercial technologies, as defined as, technologies that have been deployed for commercial purposes at least three times for a period of at least five years each in the United States for the same general purpose as the project, activity, or technology.
Is compliant with applicable legislation, including Build America, Buy America, the Davis-Bacon Act and others

The Process

Step 1: Phase 1 Application

Interested applicants will submit information on their company and solution and provide initial project proposal(s) and qualifications

Submit a Phase 1 application

Step 2: Initial Review

Elemental will review initial company and project information for investment fit. If a prospective fit, Elemental may ask for a follow-up conversation to assess fit and compliance with all GGRF requirements

Step 3: Phase 2 Application

Select applicants will be invited to submit a full project proposal, an RFP, with details on the company, project and investment opportunity

Step 4: Deep Diligence

Elemental will collaborate with companies to fully diligence the project and investment opportunity. We will spend time getting to know the company’s customers, investors, community partners, and the various stakeholders of the project.