Our business model features meaningful circular
economy & environmental benefits

We are enabling meaningful improvements to the circular economy for batteries
with tremendous environmental benefits
Large-scale Acquisition of Cost-advantaged Feedstock

Element acquired multi-GWh of lightly used EV batteries for redeployment on the grid

Element has procured more than 2 GWh of lightly-used EV batteries at an attractive price. When these low mileage batteries are combined with Element’s advanced, adaptive management system, we can create meaningful economic and environmental benefit.
Improved Battery Performance Means Improved Economics and CO2 Reductions

Element maximizes life cycle energy harvest

Element’s Adaptive BMS technology seamlessly maximizes the life cycle energy harvest from battery energy storage systems – we do this by solving for mismatch, slowing capacity fade, and improving useful life. As a result, battery systems managed with our technology store and release even more useful energy to the grid than new batteries — our proprietary and patented system architecture actively monitors and maximizes safety and reliability
Leading Power Companies Ready to Jointly Deploy Utility-scale BESS Systems Managed by Element’s BMS
Element partners with leading power companies to deploy our battery systems in utility-scale storage
Many of the country’s leading power companies plan to partner with Element to support our scaled deployment of re-use assets. Our battery energy storage systems will be available beginning in 2023. Because our batteries are sourced, processed and containerized domestically, our lead times are short and predictable and full-scale deployment will be complete within a year. We are working to secure additional 2nd life feedstock and are collaborating with several market leaders on the introduction of 1st life BESS systems integrating our technology.
Results

Element’s batteries save 17 million metric tons of CO2 - equivalent to planting more than 35 million trees!

We estimate that our initial deployment of re-manufactured batteries will prevent:
Nearly 15 million metric tons of CO2 emissions by replacing the need for electricity generated by fossil fuels
Over 2 million metric tons of CO2 emissions through greater life-cycle harvest than conventional new battery systems, even those built from recycled cathode materials

Plus: deferring over 7,000 metric tons of waste compared to recycling and deploying these recycled batteries

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JEN BETZ

CHIEF FINANCIAL OFFICER

Jen Betz serves as Element Energy’s Chief Financial Officer. Jen is a strategic and highly regarded finance executive with vast experience scaling businesses. Prior to joining Element, Jen was Vice President of Accounting at Analog Devices (Nasdaq: ADI), a global semiconductor leader. Jen grew her corporate finance career over two decades at Maxim Integrated, a publicly traded, global corporation with gross revenues exceeding $2.4 billion. She started at the company as a financial analyst and rose to become Managing Director, Manufacturing Finance and later Corporate Controller and Vice President of Accounting. Maxim was acquired by Analog Devices in 2021.

Bachelor of Science, Finance, Santa Clara University

2014 Silicon Valley Business Journal Top 40 Under 40
2019 Silicon Valley Business Journal Woman of Influence

Sergej Mahnovski
Sergej Mahnovski

Edison International

Sergej Mahnovski is Managing Director of strategy, technology, and innovation at Edison International (EIX). He leads Edison’s corporate ventures and strategic planning teams, and is focused on identifying disruptive technologies and business models to achieve carbon neutrality in California through clean energy, electrification, and reimagining the grid. 

Sergej previously served as the Director of the Utility of the Future team at Consolidated Edison. He also served as the Director of the Office of Long-Term Planning and Sustainability and head of energy policy for NYC Mayor Michael R. Bloomberg, where his team was responsible for developing and managing citywide energy, sustainability, and resilience strategy (PlaNYC) and was awarded the Citizens Budget Commission Prize for Public Service Innovation. Sergej has served as Adjunct Associate Professor at Columbia University’s School of International and Public Affairs. He was previously Director for the Global Power Group at IHS CERA and Doctoral Fellow at RAND Corporation. 

Sergej holds a B.S. in Chemical Engineering and B.A. in History from Stanford University, an M.S. in Chemical Engineering from UC Berkeley, and a Ph.D. in Policy Analysis from the Pardee RAND Graduate School.

Tim Woodward
Tim Woodward

Prelude Ventures

As Managing Director of Prelude Ventures, Tim builds on over 25 years of venture capital investing experience working with talented entrepreneurs who want to change the world. Previously, Tim was a Managing Director for 15 years with Nth Power where he led investments in companies involved in renewable energy, demand response, advanced materials and outsourced utility customer management. He was the lead investment partner for that firm’s successful investments in Evergreen Solar (ESLR), Comverge (COMV) and Proton Energy Systems (DESC). Prior to entering the venture capital business, Tim was involved in the launch of First Source, a company providing industrial solvent recycling services. He received his MBA with honors from The Anderson Graduate School of Management at UCLA and a BS in Resource Economics from UC Berkeley in 1982.  He currently serves on the board of directors for LevelTen, Encycle, MineSense, Powerhive, Voltus, LuxWall, Terabase and Pyka and he has oversight for Prelude’s investments in Element Energy, Recurrent and Solidia. 

LET’S WORK TOGETHER

Partner with Element to build the future of batteries