Electric Motorcycles and Green Elephants

Posted by Jonathon Narvey

Green PowerBusiness leaders and innovators had some inspiring words for Vancouver’s clean-tech community at a networking gathering downtown organized by VEF Momentum and Chrysalix on Friday.

A looming energy crisis and increasing environmental challenges are creating huge opportunities for green companies. There’s a lot of capital looking for the right investment, says Wal van Lierop, President & CEO of Chrysalix and director with New Ventures BC.

Investors are turning away from the “black swans” of traditional energy companies to greener alternatives. “You want to find the really exceptional things,” van Lierop says. “We are trying to do a magic trick, turning these black swans into green elephants – Fortune 500 companies and leaders in the decades to come.”

As a venture capitalist, van Lierop says he’s looking for something that could change everything. A few examples of companies his firm believes have very bright futures provided their technology can be used together:

Brammo. They’ve designed, engineered, produced and shipped the first street legal mass-market electric “powercycle”. The company has established a powerful global sales channel through Best Buy.

But how do you deal with the issue of range for an electric vehicle? That’s where their next investment comes in…

Epyon. They’ve developed a suite of ultra fast charging technologies capable of reducing charge times for electric vehicles from hours to minutes while maintaining the cycle lifetime and performance of the battery.

But if you suddenly have a new fleet of electric vehicles drawing power from the grid, couldn’t that cause a local blackout from a usage surge? So they had to find another partner…

Primus Power. This battery company helps power infrastructure cope through low cost energy storage.

Other green companies that Chrysalix has invested in that fall into the green elephant category:

BridgeLux. Their technology will enable the transition from traditional lighting to Solid State Lighting (SSL). That will cut out 70% of the energy we use for lighting. The value proposition is obvious. “Imagine for instance that you replace all of the streetlights in BC. You wouldn’t need to build an extra power plant!”

Light-Based Technologies. Customers leverage Bridgelux’s technology to replace traditional lamp and luminaire technologies (such as incandescent, halogen and fluorescent lighting solutions) with solid-state products that provide high performance.

General Fusion. Cheap and abundant energy is the goal. This company is working on a way to get their with nuclear fusion. They aim to demonstrate this new clean, safe and economical concept by 2013.

After van Lierop’s presentation, attendees had the chance to check out the Racing Green Endurance team and its electric supercar, who stopped by the venue. Their electric car is showcasing what green technology can really make possible for big industries on a 26000 km trip down the Pan-American Highway, crossing 14 countries. The car may look like it belongs on a racing track, but don’t worry – it’s street legal.

Company:
VEF Momentum
Website:
http://vefmomentum.com
Location:
Vancouver, British Columbia, Canada

VEF Momentum was founded under the Vancouver Enterprise Forum with the purpose of connecting, inspiring and mentoring aspiring and emerging technology entrepreneurs in Vancouver. more

Company:
Chrysalix Energy
Website:
http://www.chrysalix.com
Location:
Vancouver, British Columbia, Canada

Chrysalix Energy invests in and supports compelling technologies and entrepreneurial management teams that address the changing demands of the global energy industry. Founded in 2001, we actively work with our clients and support them with deep industry and technical knowledge, management and board assistance, organized networking with industrial and financial partners, management of intellectual property, and... more


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Jonathon Narvey

Jonathon Narvey

Jonathon Narvey is a Vancouver-based freelance journalist, website copywriter and author. He is the founder of WRITEIMAGE, a website copywriting services company. Jonathon grew up in Winnipeg, Canada. While he remains proud of his prairie roots, he moved to the west coast of Canada soon after beginning a career as a writer. Mostly, he writes about politics, current events and life in... more



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