ClearEdge raises $11M to make fuel cells common home appliances
ClearEdge Power, maker of home fuel cell generators that look like big refrigerators, has brought in $11 million in equity financing, according to a filing with the SEC — adding it onto $15 million raised last August. Even though it’s been around for seven years, new interest in the green sector has given it the break it needs to expand adoption of its $50,000 device.
The Oregon companies flagship fuel cell, called the ClearEdge5, turns propane or natural gas into hydrogen, which is then turned into electrical power and heat. The heat is recirculated into water heaters and HVAC systems, so it doesn’t go to waste. Because the natural gas isn’t being burned at a power plant, the system cuts down drastically on harmful emissions and delivers about 5 kilowatts of clean energy — enough to power a home or small business.
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