New funding, CEO

Cyrium Technologies secures continued financing from key investors, bringing total funding for its proprietary solar cell technology to more than $5.5 million. With new backing from major investors BDC Venture Capital, Chrysalix Energy Venture Capital and Pangaea Ventures Ltd., Cyrium.JPGthe company can now “move further down the runway toward commercial availability” of its product, says CTO Simon Fafard. Cyrium’s high performance multi-junction solar cells are significantly more efficient than state-of-the-art products, according to the company. The Ottawa startup recently named leading energy industry consultant Dr. Steve Eglash as president and CEO. A former advisor to the National Renewable Energy Laboratory and the US Department of Energy, Dr. Eglash was a venture capitalist at Worldview Technology Partners prior to coming to Cyrium.

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