HartfordBusiness.com June 11, 2015 South Windsor’s Doosan, which bought ClearEdge Power out of bankruptcy last summer, said a South Korean utility company has agreed to purchase 13 of its fuel cells for a plant in the Seoul suburbs. Financial terms were not disclosed. The deal adds to Doosan’s business relationship with Korea South East Power […]
ClearEdge Power, Doosan, Fuel CellHartfordBusiness.com January 6, 2015 Bruce Becker, the developer of downtown Hartford apartments in the former Bank of America tower, is expecting delivery Thursday of a 400-kilowatt fuel cell. 777 Main St. received a special 15-year renewable energy contract last year from Connecticut Light & Power to buy the credits from the fuel cell. The […]
ClearEdge Power, Doosan, Fuel Cell, HBJ, REEBAHartfordBusiness.com July 21, 2014 South Korean conglomerate Doosan Corp. said Monday it agreed to buy shuttered South Windsor fuel cell manufacturer ClearEdge Power for $32.4 million. ClearEdge abruptly closed down in late April, laying off 300 workers without warning, and filed for Chapter 11 bankruptcy on May 1. The company launched an auction on July […]
ClearEdge Power, Fuel Cell, HBJHartfordBusiness.com April 24, 2014 Fuel-cell manufacturer ClearEdge Power may file for bankruptcy, according to South Windsor Town Manager Matthew B. Galligan. Galligan said a ClearEdge official called him Thursday around 2:30 p.m. and told him that the company’s backers were looking to exit the fuel-cell business, possibly through a bankruptcy or sale. “It was kind […]
ClearEdge Power, HBJ, REEBAHartfordBusiness.com March 25, 2014 South Windsor fuel cell manufacturer ClearEdge Power has signed a service agreement with East Granby-based Kinsley Fuel Cells to provide maintenance for fuel cells in the Northeast. Financial terms were not disclosed. The agreement applies to all the 400-kilowatt ClearEdge fuel cells in the Northeast. Kinsley, which has five locations across […]
ClearEdge Power, Fuel CellHartfordBusiness.com By: Brad Kane February 24, 2014 In its first full year since acquiring UTC Power for a song, fuel cell manufacturer ClearEdge Power wants to double its annual revenues to $200 million, CEO David Wright said. “This was like the mouse eating the elephant,” said Wright, who also serves as the company’s president. “We […]
ClearEdge Power, HBJ, REEBABy Brad Kane Hartford Business Journal A 20-year, $300 million secretive state program designed to bolster the struggling Connecticut fuel cell industry instead awarded nearly all its money this year to a California firm, public disclosures show. The Connecticut General Assembly in 2011 created the Low-emissions Renewable Energy Credit (LREC) program to subsidize fuel cell […]
ClearEdge Power, Fuel Cell, HBJ, LRECYesterday, ClearEdge Power issued a press release announcing the PureCell model 400 fuel cell fleet has surpassed a million hours of operation. Here is a link to the full release on the ClearEdge website: http://www.clearedgepower.com/downloads/media/18/PR_090413_Million_Hours_Milestone.pdf
ClearEdge Power, Fuel Cell