Vancouver's Chrysalix Ranks 3rd Most Active Clean Energy Venture Capital Firm
in the World

VANCOUVER, Feb. 9 /CNW/ - Chrysalix Energy, the global venture capital firm focused on early-stage clean energy technologies, announced today that according to Bloomberg/New Energy Finance Chrysalix is the 3rd most active investor in the world based on the number of investments completed in the past decade.

Over the last few years Chrysalix has helped to raise more than U.S. $250 million for early-stage Canadian clean energy technology companies - five of them in Metro Vancouver.

In North America, Chrysalix has invested in 24 startup companies, leading over 70% of these investments. In addition, Chrysalix has invested in another five startup companies in Europe through its affiliated fund Sustainable Energy Technology Ventures in Amsterdam. Investors in Chrysalix include blue chip industry leaders Total Energy, Kuwaiti Petroleum, Delta Lloyd, Fortum, Essent, Robeco, Sitra, FondAction, BASF, Mitsubishi, Shell and others.

Since it was founded in 2001, Chrysalix has been dedicated to finding and supporting the best clean technology companies, helping to build the new energy economy. In the coming months, the company will further strengthen its position in Western Canada, supporting alternative energy companies, as well as opportunities that could help mitigate environmental side aspects of the traditional oil and gas industry.

"Western Canada is poised to become the world leader in new energy because we have the necessary industry knowledge and operational experience in both cleaner old and new alternative energy, said CEO Wal van Lierop. "We are delighted about the growth opportunities our five local clean technology companies have in Metro Vancouver."

Chrysalix made the announcement at a reception at Vancouver House, the official 2010 Olympic Winter Games Host City site designed to tell the story of "Vancouver Green Capital", the City of Vancouver's business brand for economic development. Vancouver's objective is to become the greenest city in the world by 2020.

Today's reception, hosted by Vancouver Mayor Gregor Robertson, was held to recognize the importance of attracting foreign clean technology investment to Vancouver and to celebrate the contributions of Vancouver-based companies that have successfully attracted foreign clean technology investment to the city.

"Our city is becoming a hub for clean technology companies, and Chrysalix has done great work strengthening our local economy with its impressive record of attracting cleantech investment to Vancouver," said Mayor Robertson. "They're demonstrating that going green is good for business, and it's companies like Chrysalix that are establishing Vancouver as the Green Capital."

Chrysalix's five portfolio companies located in and near Vancouver are Day4 Energy Inc. and General Fusion Inc. in Burnaby; Exro Technologies Inc. and Light-Based Technologies in Vancouver; and Angstrom Power Inc. in North Vancouver. In addition, Chrysalix has invested in Cyrium Technologies Inc. of Ottawa and Enerworks Inc. of Dorchester, ON.

About Chrysalix Energy

Chrysalix is a venture capital firm investing in technologies that will drive the new energy economy. The firm provides early stage financing, hands on assistance, and strategic connections to innovative companies confronting the world's most important energy and environmental issues. In the past few years, the firm has consistently ranked among the top most active clean energy technology venture capital firms in the world. The Chrysalix team has an exceptional track record in this still young industry. Collectively, it has over 100 years of experience in the energy industry and over 100 years in the venture capital business. The firm is backed by a strong group of blue-chip international industrial and financial Limited Partners, and is headquartered in Vancouver, British Columbia. In total Chrysalix has approximately $300M in assets under management. For more information, visit www.chrysalix.com.

SOURCE CHRYSALIX ENERGY VENTURE CAPITAL

For further information: For further information: Chrysalix, Alex Chapple, Hoggan & Associates, (604) 742-4264, achapple@hoggan.com

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