Posts Tagged ‘ ClearEdge ’

South Korean Company Buys ClearEdge Power; Fuel Cell Maker Abruptly Laid Off South Windsor Workers In April

Jul 23rd, 2014 | By

Doosan Co. Ltd., based in South Korea, said it will acquire the assets and operating debt of U.S.-based ClearEdge Power, a fuel cell manufacturer for buildings, for $32.4 million, the Reuters news service reports. ClearEdge Power, based in Sunnyvale, Calif., filed Chapter 11 bankruptcy in May to reduce debt and operating costs. It had major

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Fuel Cell Industry Still Strong, Say Advocates

May 7th, 2014 | By

The market for fuel cells is growing, according to industry experts, despite the recent bankruptcy of one of Connecticut’s largest fuel cell manufacturers. ClearEdge Power sought Chapter 11 bankruptcy protection last week after laying off about 250 workers in Connecticut. The move came as a shock to industry watchers, including Joel Rinebold, of the Connecticut

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ClearEdge may file for bankruptcy

Apr 28th, 2014 | By

South Windsor Town Manager Matthew B. Galligan has said fuel-cell manufacturer ClearEdge Power may file for bankruptcy, the Hartford Business Journal reports.

State Bond Commission Looks To Borrow More Money For Job Creation

Jan 6th, 2014 | By

The state Bond Commission is expected to approve more than $229.3 million in borrowing for dozens of projects Thursday, including a $1.4 million in low-interest loan for a fuel cell company that reduced its workforce by 39 percent last March. For more on this story, visit: CT News Junkie | State Bond Commission Looks To

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ClearEdge installs WCSU fuel cell

May 2nd, 2013 | By

South Windsor manufacturer ClearEdge Power has installed a 400 kilowatt fuel cell at the Science Building at Western Connecticut State University.

ClearEdge Raises $36 Million to Expand Fuel-Cell Manufacturing

Apr 1st, 2013 | By

ClearEdge Power Inc., a closely held maker of stationary fuel cells, raised $36 million in financing to expand manufacturing and sales operations. ClearEdge last month completed its acquisition of UTC Power, a fuel-cell producer, from United Technologies Corp. (UTX), the Hartford, Connecticut-based maker of Pratt & Whitney jet engines and Otis elevators. For more on

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Fuel cell firm lays off workers, ends bus leases

Mar 19th, 2013 | By

A South Windsor company is ending its contract to lease buses powered by fuel cells to the state after laying off between 100 and 170 workers.