VANCOUVER, British Columbia, November 29, 2016 – Chrysalix Venture Capital, a technology focused investment firm that brings disruptive innovation to the world’s largest industries, recently had its investment in Enbala Power Networks validated when Navigant Research named Enbala as the leader of Virtual Power Plant (VPP) software vendors in their recently published Navigant Research Leaderboard Report. The report ranked 15 companies active in the VPP space that offer software services.
“On behalf of the entire Chrysalix team, we congratulate Enbala Power Networks for accomplishing the number one position in the VPP software space. We are extremely proud to have seen the early potential in Enbala and this achievement is added confirmation of our belief in their ground-breaking technology,” says Chrysalix Managing Partner Richard MacKellar.
VPP is remotely controlled software that ties together a wide network of energy sources, batteries and loads using data systems. Enbala’s Symphony software creates a VPP by integrating wind, solar, batteries and loads in a manner that mimics a real power plant. It optimizes the participating assets and the grid, through its dispatchable, seamless, real-time, flexible operation that causes no disruption to the underlying asset owner.
Using Navigant Research’s proprietary Leaderboard methodology, VPP software companies are profiled, rated, and ranked with the goal of providing an objective assessment of their relative strengths and weaknesses in the global VPP market. The fifteen companies were judged on twelve criteria: vision; go-to market strategy; partners; products integration strategy; technology scope; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; project portfolio; pricing; and staying power.
The types of companies included in this Leaderboard Report range from large and familiar smart grid technology companies to small pure-play software innovators. It also includes companies focused on optimizing energy storage devices through fleet aggregation software products and services. The four categories under which these companies have been listed are: Followers, Challengers, Contenders and Leaders. Enbala Power Networks tops this list in the Leader category.
About Chrysalix Venture Capital
Chrysalix is a technology focused venture capital company that builds, mentors and connects high growth companies. Founded in Vancouver, Canada in 2001, Chrysalix has built its reputation on bringing disruptive innovation to the world’s largest industries by focusing on where technology meets physical science. The firm’s investments include breakthrough technologies like 3D printing of steel, fast charging electric vehicle infrastructure, emissions-free solar steam, smart mining and nuclear fusion. 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 visit www.chrysalix.com.