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ClearEdge Power completes $73.5M Series E financing round

Stationary fuel cell manufacturer ClearEdge Power has raised $73.5 million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes.

New investor Artis Capital Management led this round, which also included Austrian-based Güssing Renewable Energy; Southern California Gas Company, a regulated subsidiary of Sempra Energy; and existing investor Kohlberg Ventures. The financing will be used to further grow customer adoption in key commercial markets, expand internationally and develop and commercialize new products.

The company designs, manufactures and markets the ClearEdge5 system, a fuel cell appliance that converts natural gas to electricity and heat.

Comments

Reel$$

This is an excellent company leading the field in micro-CHP. Congratulations on the financing.

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