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ClearEdge Power
Fuel cells that improve energy efficiency and reduce carbon emissions
About ClearEdge Power
ClearEdge Power was a manufacturer of fuel cells for residential and small business applications. The company was founded in 2003 and was headquartered in Hillsboro, Oregon.
ClearEdge Power specialized in stationary fuel cell technology, which generates electricity and heat from natural gas. The company's products were designed to provide a more reliable and efficient source of power than the traditional electric grid, while also reducing greenhouse gas emissions. Its flagship product, the ClearEdge5, was a 5kW combined heat and power (CHP) system.
The company's business model was focused on selling its fuel cell systems to homeowners and small businesses through a network of dealers and installers. ClearEdge Power also had a partnership with a major utility company to offer its products to customers in certain regions.
In 2014, after facing financial difficulties, ClearEdge Power was acquired by Doosan Corporation, a South Korean conglomerate, for $32.4 million. Doosan integrated ClearEdge Power's technology and assets into its own fuel cell business, Doosan Fuel Cell America.
Source: Dealroom company dataAt a glance
- Founded
- 2003
- Headquarters
- Hillsboro, United States
- Sector
- Energy
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Southern California Gas Company
Series B and later3 investors entered at this stage
Applied Ventures
Artis Ventures- KVKohlberg Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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