Fellows mentioned in this story: Dawn Lippert
From The Rockefeller Foundation:
The Rockefeller Foundation announced today a $1 million grant to Elemental Excelerator, a leading nonprofit investor in climate technology for deep community impact. Together, The Rockefeller Foundation and Elemental will help fill both the financing and knowledge gap for entrepreneurs bringing critical decarbonization technologies from demonstration to commercial scale in frontline communities in the U.S.
Through this grant, Elemental seeks to demonstrate how philanthropy can help drive an impact that unlocks 10x the investment through follow-on funding from green banks, community development financial institutions, and other private lenders. By deploying a series of catalytic projects in key regions across the country, Elemental will create a bridge for companies seeking to qualify for financing through the EPA’s unprecedented Greenhouse Gas Reduction Fund and other sources of climate finance.
“Elemental innovates at the edge of the market, deploying new financial products and services to de-risk technology,” said Dawn Lippert, Elemental Excelerator Founder & CEO. “This collaboration with The Rockefeller Foundation will enable us to fund more projects that reduce emissions and prioritize benefits for low-wealth, rural and energy transition communities.”
Continue reading at rockefellerfoundation.org.
Houston Chronicle — The nonprofit has given out $258,000 to date, but the organization’s recent festival and its $1.8 million fundraising efforts means more help is on the way.