Chrysalix EVC | North AmericaChrysalix SET | EuropeChrysalix GRC | Asia

Developers of affordable, plentiful, fusion-based clean energy before the end of the decade.

CHRYSALIX EVC FUND: CELP III
PORTFOLIO MANAGER: MIKE SHERMAN
LOCATION: VANCOUVER, BC

 

Problem they are Solving:

The world’s need for access to cheap, completely clean, inexhaustible electricity.

Their Solution:

A safe, clean nuclear fusion reactor capable of “net gain” within 5 years.

Why We invested: 

General Fusion is compelling because it represents an absolute game changer, with the potential to demonstrate the "holy grail" of clean energy production on a modest budget in a reasonable timeframe. We did more due diligence on this than any other investment and the technical path the company has set out has been expertly validated at every stage. This is about the biggest risk/reward ratio ever seen in the venture capital business. If GF succeeds in getting Net Gain when forecast, the world will finally have a chance to see if the "holy grail" of energy generation can be achieved. This would be a stunning outcome.

Company’s Biggest Strength:

The team’s unique combination of technical creativity and practical ingenuity. The technology they have developed combines some 30-year old ideas about plasma formation together with a brilliant mechanical engineering idea and up-to-date off-the-shelf DSP components. It builds on the huge international investment in scientific development in fusion over the last 50 years, hopefully giving it a practical outlet in the engineering of a real power plant.

Implication When Successful:

This completely changes the world’s access to cheap, completely clean, inexhaustible electricity. It means the end of electrical generation by coal, or nuclear fission, and maybe ends any reasonable chance of success of the standard “renewables”. If the electricity is generated at the forecast $.05/kWh, it will mean methanol can be made cheaper than today’s price of gasoline, and would be carbon-neutral, and would not require any new fuel infrastructure. The impact on geo politics would be immense. If achieved in time, it would possibly avert complete climate change catastrophe.