ClearEdge Power raises $13.5M


Hillsboro-based fuel cell manufacturer ClearEdge Power Inc. has raised $13.5 million in equity capital.

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Hillsboro-based fuel cell manufacturer ClearEdge Power Inc. has raised $13.5 million in equity capital.

The round is the first equity round since a $26 million round disclosed in January 2010, according to filings with the U.S. Securities and Exchange Commission.

In that time, ClearEdge has raised nearly $35 million using debt and other securities.

Privately held ClearEdge has grown from 31 employees to 225 in the last two years as demand for its five-kilowatt fuel cells has surged. The units have a list price of $56,000.

Read more at Sustainable Business Oregon.

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