Chrysalix EVC | North AmericaChrysalix SET | EuropeChrysalix GRC | Asia

Producers of distributed, cost-effective energy storage systems for utilities with a rapid return on investment.

CHRYSALIX EVC FUND: CELP III
PORTFOLIO MANAGER: CHARLIE HAYTHORNTHWAITE
LOCATION: HAYWARD, CALIFORNIA

 

Problem they are Solving:

The need to stabilize, manage, and regulate the Smart Grid but at an affordable price.

Their Solution:

Megawatt-scale energy storage solutions that are low cost, robust, scalable, and combine with renewable energy sources and local city Grid peaks.

Why We invested: 

Energy storage is often described as the missing link of renewable energy technology. Chrysalix EVC spent some time analyzing energy storage economics and projecting which technologies would be best placed.

Company’s Biggest Strength:

Primus Power has a storage solution with outstanding low cost.

Implication When Successful:

As intermittent renewable generation increases its penetration, grid stability and over generation during off peak periods will become an increasing problem. Low cost energy storage is going to be a very important part of the solution and help enable renewable generation to be widely adopted.