Designs and manufactures solar cells for high concentration PV systems.
Chrysalix take: Jim Fletcher
1. What is the insight that led to Chrysalix investing?
The multitudes of Concentrating PV system developers have very few commercial cell suppliers. Cell efficiency at high concentration is a key factor to economic viability and adoption of CPV. Cyrium’s high-performance multi-junction solar cells with demonstrated performance of over 40% enable lower cost CPV systems.
2. What is the company’s biggest strength?
Proprietary IP for the device and process design leading to industry-leading efficiency and performance.
3. What is the implication of this company being successful?
Concentrating PV systems heavily leverage the performance of their solar cells. Increasing the efficiency not only increases the system performance but also reduces the cost of solar electricity bringing Cyrium’s customers market advantage. Large scale deployment of economical PV will reduce the world’s dependence on conventional high carbon energy sources.
