Chrysalix, one of the leading venture capital companies in alternative energy and sustainable innovation, has been named Energy Finance Provider of the Year at the Petroleum Economist Awards. The awards celebrate companies, individuals and projects that demonstrate exceptional work in the energy sector. The awards were judged by independent experts from the international energy sector who were selected by the Petroleum Economist. HE Dr. Abdalla El-Badri, Sec. Gen. of OPEC, was among the judges named.
The awards celebrate companies, individuals and projects that demonstrate exceptional work in the energy sector.
Wal van Lierop, President and CEO of Chrysalix, expressed how honored the company was to receive the award. He added that the year has been a successful one for them, and that they have had first-hand experience in the growth of the energy sector since most of their portfolio firms closed in on key commercial projects and attained attractive valuations.
This award is open to all banks and other financial institutions that offer project financing or commercial banking in the energy sector. The judges noted that Chrysalix deserved the award due to their commitment to providing early-stage financing, strategic connections and practical support for their portfolio companies. They also mentioned that the company’s extensive knowledge in the energy industry contributed to the added value of the decisions that their clients made with regards to investing in the energy sector.
The global portfolio of Chrysalix is characterized by game-changing innovations that are set to enhance sustainability and reduce cost to five of the largest industries in the world that are under major transitions. These industries include automation and manufacturing, mining, oil and gas, chemicals and materials, and electric power and utilities.
Chrysalix has invested in several early stage innovations that have played a key role in piloting the modernistic energy sector
Since its establishment in 2001, Chrysalix has invested in several early stage innovations that have played a key role in piloting the modernistic energy sector. Currently, the company has invested in twelve firms across North America, and is ranked number one by Bloomberg New Energy Finance as the top venture capital company in sustainable energy industry by the number of deals it has transacted.