GGRF Projects
~$3M to $10M in funding and tailored support to help scale a commercialized technology in the United States.
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.
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
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 applicationStep 2: Initial Review
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
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
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.
Step 5: Deal Paperwork
Step 5: Deal Paperwork
Elemental will work with selected companies to ink the deal paperwork, and conduct any remaining due diligence.
Step 6: Program Onboarding
Step 6: Program Onboarding
Following acceptance, companies will become acquainted with Elemental’s team, systems and services.