VANCOUVER, British Columbia--(BUSINESS WIRE)--Chrysalix Energy Venture Capital, one of the longest standing and most active sustainable innovation and alternative energy venture capital firms, was named Energy Finance Provider of the Year at the Petroleum Economist Awards in London last night. The Awards celebrate the people, companies and projects that epitomise the best of the energy industry. The Petroleum Economist, a leading energy sector publication, appointed a panel of independent experts drawn from across the international energy industry to judge the awards, including HE Dr. Abdalla El-Badri, secretary general of OPEC.
“On behalf of the entire Chrysalix team, we are honoured to be named Energy Finance Provider of the Year by the Petroleum Economist and its esteemed panel of judges,” said Wal van Lierop, President & CEO of Chrysalix. “This has been a pivotal year for sustainable innovation and alternative energy, and we have experienced the growth in this sector first-hand as many of our portfolio companies close in on major commercial deals and achieve attractive valuations.”
The Energy Finance Provider of the Year award is open to all banks and financial institutions offering commercial banking or project finance within the energy industry. The award recognizes an organization whose expertise and involvement consistently delivers measurable value to its clients. In being selected as the winner, Chrysalix showed close involvement in a range of energy sector deals, strategic input into clients’ business decisions, significant expertise in the energy sector or a niche thereof, and an innovative approach to tackling business challenges.
“Congratulations to Chrysalix Energy Venture Capital, Petroleum Economist’s Energy Finance Provider of the Year for 2015. Chrysalix was commended by the judges for providing not just early-stage financing but also hands-on support and strategic connections to the companies they work with. The team’s deep industry knowledge clearly also added enormous value to their clients’ decision-making,” said Emily MacKenzie, Managing Director at the Petroleum Economist.
Chrysalix’s cross-industry portfolio includes game changing industrial innovations that will bring sustainability and cost reduction to five of the world’s largest industries that now face major transition: oil and gas, mining, electric power and utilities, chemicals and materials, and automation and manufacturing. The innovations being developed by companies like GlassPoint, currently building one of the world’s largest solar plants producing more than 1 gigawatt of peak thermal energy for enhanced oil recovery (EOR); General Fusion, developing the fastest, most practical and lowest cost path to commercial fusion energy; GaN Systems, the leading provider of gallium-nitride (GaN) based power switching semiconductors; and Enbala, an ‘Internet of the Grid’ platform for the utility of the future, all have the potential to provide superior economics for these multi-trillion dollar industries while simultaneously improving the energy intensity of products and production processes and the environmental footprint.
Since being founded in 2001, Chrysalix has identified and invested in some of the most exciting early stage technologies driving the new energy industry. The firm is currently invested in 12 companies across North America and is ranked the number one most active venture capital firm in the sustainable energy space by deal count by Bloomberg New Energy Finance.
About Chrysalix Energy Venture Capital
Chrysalix is one of the longest standing pure-play sustainable innovation and alternative energy venture capital firms. The firm provides early-stage financing, hands-on assistance and strategic connections to innovation companies confronting the world’s most important energy and environmental issues. Chrysalix is consistently ranked among the most active sustainable innovation venture capital firms globally. Founded in Vancouver, Canada in 2001, Chrysalix has one of the strongest investment teams in the industry with deep energy, technology and entrepreneurial expertise, and is backed by more than 20 international blue chip industrial and financial investors. For more information, please visit chrysalix.com.