Element Energy

What Element Energy does

Element Energy, Inc. is a privately held Menlo Park-based company founded in 2019 that has developed a proprietary Adaptive Battery Management System (BMS) for large-format battery packs. The technology replaces conventional centralized battery management with a distributed architecture in which each individual module is independently controlled by dedicated kW-scale power conversion, enabling real-time cloud-based monitoring, diagnostics, and control at the cell level. The company claims up to 50% longer battery lifetime, up to 50% higher energy throughput, and fault response up to 100x faster than conventional BMS, supported by 8+ patents and $50M+ of cumulative R&D investment tracing back to the founders' semiconductor industry backgrounds.

Element monetizes the technology across three solution areas: (1) hardware sales of containerized second-life battery energy storage systems (BESS) using repurposed EV batteries — sold at a 30-50% cost discount over new batteries; (2) hardware and embedded software for first-life BESS and electric vehicle battery integration; and (3) a recurring BMS Software-as-a-Service layer for cloud-based monitoring and control deployed alongside battery operators. It also sells its Adaptive BMS hardware and embedded software as standalone components to battery OEMs and manufacturers.

Element targets utilities and power companies, battery OEMs and manufacturers, and energy storage developers via an enterprise field sales motion complemented by strategic channel partnerships — most notably LG Energy Solution Vertech for full turn-key second-life BESS deployments, Mitsubishi Heavy Industries for behind-the-meter applications, and NextEra Energy Resources for utility-scale co-located storage. Its commercial proof points include the world's largest second-life grid-connected battery installation (53 MWh on ERCOT, commissioned May 2024), nearly 2 GWh of additional second-life batteries awaiting deployment, and roughly $147 million in cumulative capital raised across DOE grants, Series B equity, and a Keyframe Capital debt facility.

Name

Element Energy

Legal name

Element Energy, Inc.

Website

https://elementenergy.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Element Energy develops a proprietary Adaptive Battery Management System that uses distributed, module-level power conversion to improve safety, lifetime, and energy throughput of large-format batteries, serving utilities, battery OEMs, and storage developers via hardware, second-life BESS, and SaaS.

Ownership category

akta.pro rank

Product category

Battery Energy Storage Systems

NAICS

Battery Manufacturing (335910), Battery Manufacturing (33591)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Management Systems (BMS) & Battery Electronics (IMAGAHAC)

akta.pro secondary industries

Battery Management Systems (BMS) & Safety Controls (EUAFAAAD), Battery Management Systems (BMS) & Pack Electronics Manufacturing (EUAFABAJ), Battery Management System (BMS) & HV Control Electronics Manufacturing (IMACACAH), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)

Keywords

• Battery management systems
• Energy storage solutions
• Second-life batteries
• Grid-scale battery storage
• Electric vehicle integration

Headquarters

HQ city

Menlo Park

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. BMS Hardware and Software Systems: Sale of proprietary battery management system hardware and embedded software for first-life and second-life battery storage systems, as well as new electric vehicles.
2. BMS Software-as-a-Service: SaaS offering deployed with battery O&M providers for existing and new energy storage systems. Real-time monitoring, diagnostics, and control services delivered via cloud platform.
3. Second-Life Battery Energy Storage Systems: Full battery energy storage systems using second-life EV batteries. Containerized systems with proprietary BMS for utility-scale grid storage deployments.
4. First-Life Battery Energy Storage Systems: Integration of BMS technology into first-life battery energy storage systems for utility-scale applications.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Element Energy develops and sells a proprietary Adaptive Battery Management System (BMS) — distributed hardware and embedded software that places dedicated kW-scale power conversion at every individual battery module, replacing conventional centralized MW-scale BMS. The company sells this technology directly to utilities and OEMs, delivers it as a cloud-based SaaS, and packages it into containerized first-life and second-life battery energy storage systems (BESS) for utility-scale grid storage and electric vehicle applications.

Product overview

Element Energy offers an integrated portfolio of battery management solutions built around its proprietary Adaptive Battery Management System (BMS). The core offering is the Adaptive BMS Hardware & Embedded Software—a distributed, module-level architecture that fundamentally differs from conventional centralized BMS. This core product is available as standalone hardware/software and as a Software-as-a-Service (BMS SaaS) layer. Element deploys its technology across three solution areas: Second-Life Battery Energy Storage Systems (repurposed EV batteries for grid storage), First-Life Battery Energy Storage Systems (new batteries), and Electric Vehicle Integration (OEM/EV applications). The company also provides turnkey second-life battery systems through its partnership with LG Energy Solution Vertech. The portfolio is unified by Element's cloud-based adaptive control platform that enables safer, longer-lasting, and higher-output battery systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Adaptive Battery Management System (BMS) Hardware & Embedded Software Proprietary distributed and adaptive battery management system hardware and embedded software that places dedicated kW-scale power conversion at each individual battery module, replacing conventional centralized MW-scale BMS. Sold to battery OEMs, EV manufacturers, and energy storage developers to enable real-time cell-level monitoring, diagnostics, and control, improving safety, lifetime, and energy throughput of large-format battery systems.
• BMS Software-as-a-Service Cloud-based software layer that delivers real-time monitoring, diagnostics, and control for battery energy storage systems managed by Element's proprietary BMS hardware. Deployed with battery O&M providers for both existing and new energy storage systems as a recurring subscription service.
• Second-Life Battery Energy Storage Systems

Quantifiable outcome

• Up to 50% increased battery lifetime
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Partnerships

Four partnerships are on record, tiered flagship, core and secondary.

• LG Energy Solution VertechflagshipTechnology or Integration · 21 November 2024Element Energy partnered with LG Energy Solution Vertech to provide full turn-key second-life battery energy storage systems. Element provides containerized second-life batteries with proprietary BMS hardware and software. LG ES Vertech provides system integration, power equipment, EMS hardware and software, plus operations and maintenance services. LG ES Vertech has over 19 GWh of integrated energy storage projects installed, in construction, and in contracting in the US and beyond.
• Mitsubishi Heavy Industries (MHI)coreStrategic or Co-development Partner · 14 November 2023MHI invested in Element Energy and signed MOU to develop affordable power system solutions for behind-the-meter applications. MHI is advancing battery energy storage system technology and supply chain through this investment and partnership.
• Marvell TechnologysecondaryOthers · 14 December 2022Matt Murphy, President and CEO of Marvell Technology (NASDAQ: MRVL), joined Element Energy's Board of Directors. Marvell is a leader in data infrastructure semiconductor solutions.
• NextEra Energy ResourcescoreStrategic or Co-development Partner · 30 November 2022DOE-funded 50 MWh second-life battery storage project in ERCOT, Texas deployed alongside a wind generating facility in West Texas. NextEra is the country's largest renewables developer and asset owner/operator. Project supports Element's technology validation in real-world grid application.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Fluence Energy: Fluence is a leading global provider of utility-scale battery energy storage systems with its own BMS, controls, and cloud software (NirvanaOS). It is the most direct competitor to Element's BESS and BMS SaaS offerings and shares the same utility and developer customer base.
• B2U Storage Solutions: B2U operates Sierra Lite, one of the largest second-life EV battery storage facilities in the US, and competes head-to-head with Element in repurposing retired EV batteries for grid-scale storage using proprietary battery management.
• Stem Inc: Stem provides AI-driven energy storage optimization software and operates a fleet of BESS assets, competing with Element's BMS SaaS and cloud-based monitoring layer for the same utility and C&I storage customers.
• Energy Vault: Energy Vault develops utility-scale energy storage systems with proprietary controls and software targeting the same utility and IPP customer base as Element, and competes for capital and project pipeline in front-of-the-meter storage.

Broad incumbents

• LG Energy Solution: LG Energy Solution is a top-tier global battery cell and pack manufacturer with in-house BMS capability and is also Element's flagship channel partner via LG ES Vertech. Comparable as both a potential competitor and enabler of Element's BESS deployments.
• Tesla (Energy business): Tesla's energy business builds Megapack utility-scale BESS with proprietary BMS and cloud software (Autobidder) and Powerwall for behind-the-meter. Comparable as a broad incumbent in both grid storage and EV battery management, including second-life reuse programs.
• Samsung SDI: Samsung SDI is a major battery cell and pack supplier with embedded BMS capability serving EV and ESS markets, comparable to Element as both a potential partner and competitor in large-format battery management.

Emerging players

• TWAICE: TWAICE provides battery analytics software that overlaps with Element's BMS SaaS layer, offering lifetime prediction, anomaly detection, and warranty analytics for EV and stationary storage batteries.
• Accure Battery Intelligence: Accure offers a battery analytics and safety platform with continuous monitoring and predictive maintenance, directly comparable to Element's cloud-based real-time monitoring, diagnostics, and cell-level anomaly detection capabilities.

Others

• Redwood Materials: Redwood Materials is a leading battery recycling and second-life ecosystem company that competes for the same pool of retired EV batteries that Element sources for its second-life BESS business, making it an adjacent competitor for feedstock.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/element-energy-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds4 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Element Energy