ClearEdge Expands in South Windsor, Seeks $20M in Revenue

By | February 24, 2014

In its first full year since acquiring UTC Power, fuel cell manufacturer ClearEdge Power wants to double its annual revenues to $200 million. To reach its goal, ClearEdge is expanding its South Windsor campus in order to manufacture the company’s two types of fuel cells. The firm is investing $22 million in R&D, mostly in Connecticut; and working to drop the price of both the Model 5 and the Model 400 fuel cell systems; and hiring more engineers to its existing workforce.
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