About Element Power
Element Power is a company based in Portland (United States) founded in 2008 by Mike O Neill was acquired by Statkraft in October 2018.. Element Power has raised $183 million across 3 funding rounds from investors including Statkraft, Capital Power and Hudson Clean Energy Partners. Element Power operates in a competitive market with competitors including Octopus Energy, NextEra Energy, Duke Energy, Cypress Creek Renewables and EDP Renewables, among others.
- Headquarter Portland, United States
- Founders Mike O Neill
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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Funding Insights of Element Power
Element Power has successfully raised a total of $183M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(28 Mar 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Debt – Conventional - Element Power | Valuation |
investors |
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| Feb, 2012 | Amount | Series D - Element Power | Valuation |
investors |
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| Mar, 2011 | Amount | Debt – Conventional - Element Power | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Element Power
Element Power has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Statkraft, Capital Power and Hudson Clean Energy Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sustainable investments are managed by this investment firm.
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Founded Year | Domain | Location | |
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Renewable energy production services are provided by Statkraft.
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Founded Year | Domain | Location | |
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Provider of power generation facilities of energy sources
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Element Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Element Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Element Power Comparisons
Competitors of Element Power
Element Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Octopus Energy, NextEra Energy, Duke Energy, Cypress Creek Renewables and EDP Renewables, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Utility bill management platform is provided for tracking and billing.
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| domain | founded_year | HQ Location |
Developer of energy solutions
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| domain | founded_year | HQ Location |
Renewable electricity is produced and distributed across multiple states.
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| domain | founded_year | HQ Location |
Solar farms are owned, developed, and financed in the USA.
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| domain | founded_year | HQ Location |
Generation of wind power
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| domain | founded_year | HQ Location |
Provider of electricity and natural gas through solar energy
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Element Power
Frequently Asked Questions about Element Power
When was Element Power founded?
Element Power was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is Element Power located?
Element Power is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Who is the current CEO of Element Power?
Mike O Neill is the current CEO of Element Power. They have also founded this company.
Is Element Power a funded company?
Element Power is a funded company, having raised a total of $183M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $34.88M, raised on Mar 28, 2011.
What does Element Power do?
Element Power was founded in 2008 and is headquartered in Portland, United States. Operations are centered on the renewable energy sector as an independent power producer. Wind and solar projects are developed, acquired, built, owned, and operated through a managed portfolio. More than 3.4 GW of modules have been sold to date, with activities spanning wind and solar power generation.
Who are the top competitors of Element Power?
Element Power's top competitors include Octopus Energy, NextEra Energy and EDP Renewables.
Who are Element Power's investors?
Element Power has 3 investors. Key investors include Statkraft, Capital Power, and Hudson Clean Energy Partners.
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