CHRYSALIX EVC FUND: CELP III
PORTFOLIO MANAGER: RICHARD MACKELLAR
LOCATION: TORONTO, ONTARIO
The power grid will need increased system regulation to match supply & demand as solar, wind, and electric vehicles come on line.
A Smart Grid platform that changes the way system regulation and other ancillary services are provided by using load-side assets, rather than generation.
During a “deep dive” we undertook, we identified regulation as a high-value services for Independent Service Operators (ISOs) and identified loads as a logical, low-cost solution. When ENBALA presented, we immediately recognized the alignment with our own research.
ENBALA’s ability to optimize a complex problem and package it in such a way that it’s non-intrusive to customers while providing with a new revenue stream.
With ENBALA’s success, we’d be looking at more efficient grid operation, a lower cost of electricity, reduced GHG emissions, and a new type of company that does not exist in the world today.