|| Print ||
|Wednesday, June 16, 2010|
BY JESSICA HOCH
ClearEdge, the fuel cell company headquartered in Hillsboro, made big headlines last week after announcing a $40 million deal with Korea’s LS Industrial Systems to distribute 800 of its fuel cells over the next three years to commercial businesses. The deal marks the company's first major expansion out of its target market of California and its first foray overseas.
Despite being an Oregon company, ClearEdge has yet to target business in the state. All but one of the fuel cells the company has installed are in California, where energy rates are higher and the tax incentives are greater. But if millions can be spent in California and Korea will Oregon be next?
ClearEdge hopes so. Mike Upp, ClearEdge’s vice president of marketing, said the company has found renewed interest in the Oregon market in the last two months and is making strides to secure business. Upp said he has a meeting scheduled with the Oregon Department of Energy this week.
“The biggest stumbling block for Oregon is that energy rates are so low, but we are redefining our Oregon strategy and we are certainly starting to get noticed,” said Upp.
ClearEdge's product, which is about the size of a refrigerator, takes hydrogen from gas and turns it into electricity. The gas can come from a number of places as either natural gas, gas from decomposing garbage dumps or biomass. It can generate 5 kW of power an hour, enough to power a small business or a large residence of more than 4,000 sqare feet. In order to make the financial model work the cell needs to also be used to capitalize on its important byproduct: heat. The cell generates enough heat to cover both space and water heating along with its energy output.
So why hasn’t this innovative energy technology based out of Oregon caught on here? The company started in 2003 in Hillsboro, but to date only has one cell installed at a fire station in Oregon. Rick Wallace is the Biofuels Program Coordinator at the Oregon Department of Energy and he said that despite tax credits he hasn’t seen much interest from anyone in the state for either residential or commercial use.
“We keep waiting to see what will happen, but there just isn’t any interest in Oregon and the technology isn't developed enough to gain any,” said Wallace.
Wallace said the technology is still too experimental and that few of the devices actually work.
But ClearEdge has plenty of paying customers to dispute that, with 25 units installed and 300 on order, plus the additional 800 units for the Korean company. With a $56,000 price tag each that equals plenty of green for the company, which expects to hire an additional 150 employees by the end of the year.
Congressman David Wu is a fan. He recently toured the ClearEdge facility and has introduced a bill in Congress that would increase tax breaks for people who use fuel cells in their homes. As with solar and wind power, incentives are crucial for this developing renewable energy technology. Tax breaks have been a key factor in CleanEdge's success in California, and the Korean deal resulted from a government mandate that 10 percent of the energy needs for new buildings must come from renewable sources.
Upp believes the company is ready to expand its focus outside of California now that they have had more experience. The high energy costs and tax breaks made California an ideal first market, but other states including Oregon are beginning to follow in terms of creating incentives for renewable energy investments.
“We focused on one area and limited the geography in the beginning to get the bugs out and cleanly and clearly document our services," said Upp, "but we are here in Oregon to stay."
ClearEdge employs 150 people in Oregon and hopes to double its head count to 300 by the end of the year.
Jessica Hoch is an online reporter for Oregon Business.
Monday, July 13, 2015
BY JACOB PALMER
Dean of the Atkinson Graduate School of Management, Willamette University
Wednesday, August 19, 2015
BY BRIAN LIBBY
Ben Kaiser holds his ground.
Tuesday, August 04, 2015
Tuesday, July 14, 2015
The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.
Friday, July 10, 2015
BY GREGG MORRIS
Rita Hansen aims to scale natural gas vehicle innovation.
Wednesday, August 19, 2015
BY GARY THILL | PHOTOS BY JASON E. KAPLAN
A storied institution climbs down from the ivory tower.
Thursday, August 20, 2015
BY JOE CORTRIGHT
We get the education we deserve.
|Child care challenge|
|Is there life beyond Reed?|
|Back to School|
|Ninkasi grows to NY|
|Eco challenges facing Oregon|
|Adidas produces special shoe for upcoming Timbers/Sounders match|
|Intel invests $60M in drone company|
|Congestion should be expected|
|How many devices are using Windows 10?|
|Aftermath of the Ashley Madison hack|
Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
Every once in a while we receive a letter in the (fictional) mailbag that is tough to describe and quite compelling. This week, Isabel, the new HR manager at LabCo (and someone who is new to HR), wants to know whether she may fire the owner’s son for having an Oregon medical marijuana card. In passing, Isabel also makes a number of alarming admissions about her motivation. Here is Isabel’s nerve-racking question and our response to it.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.