Chrysalix Leads Day4 Energy VC Round 4 (VentureWire) (Energy Priorities)

Day4Energy Inc. has closed a fourth round of new funding for its specialized photovoltaic technologies.

by Denis Du Bois
December 05, 2005

Day4 Energy Inc. raised US$4.8 million in a fourth round of venture capital last week. Day4 is a developer of two kinds of photovoltaic products for commercial and building-integrated applications. The first is a conventional solar module to be integrated into residential and commercial buildings. The second is a concentrator designed for industrial, commercial and utility-class installations.

Both types use the company's proprietary PV cell technology that they believe increases efficiency in both power output and factory output, while reducing the costs of manufacturing and installation.

Vancouver, BC-based Chrysalix Energy Management led the investment round. Chrysalix invests in clean energy technologies, with one other PV technology (Cyrium) in its eleven-company portfolio. The firm's other investments are related to hydrogen fuel cells. Day4 has raised $4.8 million in its previous rounds.

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