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build 1,000 units in 2010, and double that in 2011. ClearEdge was awarded a $ 2.8 million federal Department of Energy grant that would allow them to provide 38 fuel cells to ten different organizations including a grocery store and community college. They raised $ 73.5 million in private equity funding in August 2011 to help expand sales to Europe and South Korea.
1420: 225:. Wu’s district includes ClearEdge’s headquarters in Hillsboro, and Wu sponsored several bills that would provide tax credits for fuel cell customers. ClearEdge backed one of the bills, which would increase the federal tax credit for installing a fuel cell at a residence to be same as for businesses. Neither of Wu's bills made it out of committee. 35: 217:
The company expanded the 55,000-square-foot (5,100 m) headquarters to 80,000 square feet (7,400 m) in December 2009 after receiving an additional $ 15 million in venture capital from Kohlberg Ventures. At that time the company had grown to 150 employees, and 95% of all capital raised came
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ClearEdge Power, Inc. was founded in 2003 as Quantum Leap Technology by Ed Davis and after Brett Vinsant and Ed Davis created the company's fuel cell in their garages in Hillsboro, Oregon. In August 2005, Quantum Leap changed its name to ClearEdge Power. In January 2006, they received a $ 2 million
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over a three-year period. LS Industrial Systems would sell the ClearEdge5 units in Korea, which had recently required 10 percent of power on new construction come from renewable power. This was the first large contract for the company outside of its core California market. The company planned to
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to buy its fuel cell business, UTC Power. In February 2013, ClearEdge closed on its acquisition of UTC Power. The next month, the company reduced its workforce by 39%, with many layoffs coming at the former UTC unit. Later that month the company announced it had raised another $ 36 million in
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from Kohlberg Ventures. ClearEdge raised a total of $ 29 million from Kohlberg in 2009 alone. In November 2009, the company began to ship a five kilowatt fuel cell and had orders for 300 of the units by December 2009. ClearEdge gained $ 11 million more in private financing in January 2010.
1177: 186:, U.S. The company employed 225 people as of August 2011. It closed its operations in Connecticut in April 2014, and filed for Chapter 11 bankruptcy protection in May 2014. The company's assets were purchased out of bankruptcy by 241:
capital. In 2013, the company relocated its headquarters to Sunnyvale, California. The former UTC unit in Connecticut was then closed without warning in April 2014 as the company weighed filing for bankruptcy protection.
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and for continuous power applications. By May 2007, the company had grown to 20 employees and had raised $ 10 million in venture capital. In early 2008, ClearEdge sold and installed its first fuel cell unit.
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LLC in January 2009. On May 1, 2009, Russell Ford became the chief executive officer of the then 40-employee company, with Slangerup joining the board of directors.
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Doosan Fuel Cell America, Inc.'s headquarters are in South Windsor, Connecticut. The main product is a four hundred kilowatt fuel cell.
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In February 2010, a fuel cell was installed at a Hillsboro Fire Department station; local dignitaries included Congressman
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sanjayV03 (January 28, 2010). "United States: ClearEdge works to make fuel cells common home appliances, raises $ 11M".
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In July 2014, ClearEdge was purchased out of bankruptcy by Doosan Fuel Cell America, Inc. for 32.4 million, plus debt.
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The fuel cell is powered by natural gas which a membrane breaks down into water, heat, carbon dioxide (CO
1413: 1300: 259:), and hydrogen, with the latter passing through a second membrane where electricity is generated. The 211: 1395: 1385: 1333: 1295: 1243: 179: 353:"ClearEdge Power: 'No reasonable option' except pursuing bankruptcy, closing Connecticut operations" 1368: 237: 1423: 1280: 826: 1290: 199: 1338: 228:
ClearEdge signed a $ 40 million deal in June 2010 to supply 800 fuel cells to Korean based
1236: 1222: 941: 264: 17: 1323: 130: 1438: 1285: 851:"Rep. David Wu to learn how fuel cells are made, tour Hillsboro plant that makes 'em" 326: 203: 880:"Oregon congressman wants $ 100 million for energy upgrades in commercial buildings" 303: 1390: 1259: 135: 322:"Hillsboro-based ClearEdge Power raises $ 73.5 million to finance global growth" 1352: 785:
Soto, Onell R. (March 7, 2010). "Fueling the future: Fuel cells show promise".
45: 432:"South Korea's Doosan buys U.S. fuel cell maker ClearEdge for $ 32.4 million" 93: 80: 175: 123: 146: 222: 210:
ClearEdge received an additional $ 11 million in venture capital from
34: 1082:"United Technologies selling unit to ClearEdge Power of Hillsboro" 162: 1232: 1228: 267:. PEM fuel systems have an electric efficiency of about 60% . 379:"ClearEdge Power files for bankruptcy as financial woes mount" 202:. At that time the company built fuel cell systems to produce 1052:"ClearEdge awarded $ 2.8M DOE grant for fuel cell deployment" 934:"Clear Edge readies residential, small commercial fuel cells" 623:"Fuel Cells Offer Clean-Burning and Efficient Heat and Power" 167:
Headquarters of the former ClearEdge Power, Hillsboro, Oregon
994:"ClearEdge scores $ 40 million in Korea - next stop Oregon?" 1127:"S. Windsor fuel cell maker reduces workforce 39 percent" 404:"Fuel-Cell Producer ClearEdge Power Files for Bankruptcy" 1485:
Companies that filed for Chapter 11 bankruptcy in 2014
1153:"ClearEdge cleans up, nabbing a $ 36M financing round" 236:
In December 2012, ClearEdge reached an agreement with
1101:"ClearEdge Power finalizes acquisition of UTC Power" 594:"Fuel cell makers hope to make power lines obsolete" 1378: 1360: 1316: 1273: 1266: 968:"Fuel-cell maker ClearEdge signs $ 40 million deal" 141: 129: 119: 109: 67: 59: 51: 41: 1216:10 Fuel Cell Startups Hot on Bloom Energy’s Trail 712:. American City Business Journals. Archived from 1460:Renewable resource companies established in 2003 315: 313: 1475:Companies based in Hartford County, Connecticut 737:"Venture capital slides in Oregon, nationally" 531: 529: 1244: 802:"ClearEdge nabs USD 11m to back fuel cells". 8: 1470:Manufacturing companies based in Connecticut 961: 959: 768:"Will Fuel Cells Rival Solar in California?" 761: 759: 757: 27: 1187:. Oregon Secretary of State. Archived from 940:. GHI LLC. October 14, 2009. Archived from 831:: CS1 maint: numeric names: authors list ( 1500:American subsidiaries of foreign companies 1270: 1251: 1237: 1229: 683:Silicon Valley / San Jose Business Journal 449:"Doosan thriving after ClearEdge purchase" 33: 26: 902: 900: 561: 559: 616: 614: 538:"ClearEdge Power keeping base in Oregon" 346: 344: 873: 871: 766:Kanellos, Michael (November 24, 2009). 287: 263:fuel cell have approximately 85% total 115:Jeff Hyungrak Chung, President and CEO 1088:. Associated Press. December 22, 2012. 844: 842: 824: 508:"Quantum Leap Technology changes name" 502: 500: 473: 471: 469: 1450:Energy companies of the United States 1329:Doosan Engineering & Construction 1099:Nirappil, Fenit (February 12, 2013). 1050:Williams, Christina (June 14, 2011). 1023:Weinstein, Nathalie (June 10, 2010). 536:Weinstein, Nathalie (March 1, 2010). 7: 1455:Energy companies established in 2003 1419: 621:Firestone, Rebecca (June 16, 2009). 443: 441: 426: 424: 878:Learn, Scott (September 29, 2009). 478:Siemers, Erik (December 18, 2009). 1151:Giegerich, Andy (March 18, 2013). 1025:"Hillsboro fuel cells go to Korea" 735:Rogoway, Mike (January 22, 2010). 25: 706:"ClearEdge sustains brisk growth" 704:Siemers, Erik (January 6, 2010). 679:"ClearEdge Power names president" 1418: 1409: 1408: 1351: 849:Oram, Bill (February 17, 2010). 320:Young, Molly (August 23, 2011). 198:investment from a subsidiary of 992:Hoch, Jessica (June 16, 2010). 351:Young, Molly (April 28, 2014). 966:Siemers, Erik (June 8, 2010). 652:Siemers, Erik (May 15, 2009). 567:"Fuel cell startup lands $ 2M" 188:Doosan Fuel Cell America, Inc. 28:Doosan Fuel Cell America, Inc. 1: 1495:2014 mergers and acquisitions 1465:2003 establishments in Oregon 1125:Kane, Brad (March 14, 2013). 908:"Green Fuel Gone Residential" 592:Kish, Matthew (May 4, 2007). 261:micro combined heat and power 178:manufacturer focusing on the 1178:"Amendment to Annual Report" 377:Young, Molly (May 5, 2014). 1157:Sustainable Business Oregon 1056:Sustainable Business Oregon 821:. Euclid Infotech Pvt. Ltd. 788:The San Diego Union-Tribune 710:Sustainable Business Oregon 1516: 1480:South Windsor, Connecticut 804:ADP Renewable Energy Track 184:South Windsor, Connecticut 182:. It was headquartered in 72:South Windsor, Connecticut 1490:Doosan Group subsidiaries 1404: 1349: 1131:Hartford Business Journal 1029:Daily Journal of Commerce 972:Portland Business Journal 658:Portland Business Journal 598:Portland Business Journal 571:Portland Business Journal 542:Daily Journal of Commerce 512:Portland Business Journal 484:Portland Business Journal 238:United Technologies Corp. 32: 1308:Doosan Fuel Cell America 18:Doosan Fuel Cell America 1445:Fuel cell manufacturers 654:"ClearEdge seeks $ 30M" 480:"ClearEdge hums along" 434:. Reuters. 2014-07-21. 277:Emergency power system 168: 149:.doosanfuelcellamerica 94:37.38201°N 122.00848°W 627:Green Compliance Plus 230:LS Industrial Systems 172:ClearEdge Power, Inc. 166: 1396:Doosan Handball Club 1386:Chung-Ang University 1296:Doosan Power Systems 1185:Business Entity Data 180:stationary fuel cell 99:37.38201; -122.00848 1369:Doosan Encyclopedia 938:Restructuring Today 806:. January 26, 2010. 772:Greentechenterprise 90: /  29: 1301:Doosan Škoda Power 1281:Doosan Corporation 1221:2011-12-15 at the 1062:on 16 October 2011 1031:. Portland, Oregon 774:. Greentech Media. 633:on 5 November 2009 573:. January 27, 2006 544:. Portland, Oregon 453:New Haven Register 300:doosanfuelcell.com 169: 55:Alternative energy 1432: 1431: 1347: 1346: 1291:Doosan Enerbility 514:. 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Index

Doosan Fuel Cell America

Subsidiary
South Windsor, Connecticut
37°22′55″N 122°00′31″W / 37.38201°N 122.00848°W / 37.38201; -122.00848
Fuel cells
Parent
Doosan Group
www.doosanfuelcellamerica.com/en/

fuel cell
stationary fuel cell
South Windsor, Connecticut
Applied Materials
back-up power
Kohlberg Ventures
David Wu
LS Industrial Systems
United Technologies Corp.
micro combined heat and power
fuel efficiency
Emergency power system
"CEO"
the original


"Hillsboro-based ClearEdge Power raises $ 73.5 million to finance global growth"
The Oregonian

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