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§ Private Profile · Hillsboro, OR, USA
Developer and provider of clean, distributed power systems using stationary fuel cell technology for commercial and residential customers.
Founded in 2003 and based in Hillsboro, Oregon, ClearEdge Power develops distributed stationary fuel cell systems that convert natural gas or propane into electricity and heat. The company provides scalable clean energy solutions ranging from five kilowatts to multiple megawatts for commercial and residential customers, helping facilities like hospitals, hotels, and supermarkets reduce carbon emissions by up to forty percent. Operating with 225 full-time employees, the enterprise has sold over 100 fuel cell systems and secured $73.5 million in Series E financing to support ongoing commercial expansion. Under the leadership of Chief Executive Officer David Wright, the firm expanded its market presence by acquiring competitor UTC Power, adding capabilities for larger buildings and fleet buses. Additionally, the business received a $2.8 million deployment grant from the Department of Energy to install 38 systems.
ClearEdge Power has raised $121.5M across 4 funding rounds.
ClearEdge Power has raised $121.5M in total across 4 funding rounds.
ClearEdge Power has raised $121.5M in total across 4 funding rounds.
ClearEdge Power's investors include Artis Capital Management, Güssing Renewable Energy, Kohlberg Ventures, Southern California Gas Company.
ClearEdge Power has raised $121.5M across 4 funding rounds. Most recently, it raised $36.0M Other Equity in March 2013.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 18, 2013 | $36M Venture Round | — | — | Announced |
| Aug 23, 2011 | $73.5M Series E | Artis Capital Management | Güssing Renewable Energy, Kohlberg Ventures, Southern California GAS Company | Announced |
| Jan 14, 2011 | $1M Venture Round | Southern California GAS Company | — | Announced |
| Jan 25, 2010 | $11M Venture Round | — | — | Announced |