Producers of distributed, cost-effective energy storage systems for utilities with a rapid return on investment.
Problem they are Solving?
The need to stabilize, manage, and regulate the Smart Grid but at an affordable price.
Megawatt-scale energy storage solutions that are low cost, robust, scalable, and combine with renewable energy sources and local city Grid peaks.
Chrysalix take from Portfolio Manager, Charlie Haythornthwaite
1. What is the insight that led to Chrysalix investing?
Energy storage is often described as the missing link of renewable energy technology. Chrysalix spent some time analyzing energy storage economics and projecting which technologies would be best placed.
2. What is the company’s biggest strength?
Primus Power has a storage solution with outstanding low cost.
3. What is the implication of this company being 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.