ClearEdge Power buyer will exit Oregon

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Thursday, August 28, 2014

South Korea-based Doosan Corp. has no plans to continue operating in Hillsboro.

A spokeswoman for the newly-established Doosan Fuel Cells America said it would focus solely on larger cells made in Connecticut, not smaller models engineered in Hillsboro.

ClearEdge was once among Oregon's top venture-backed startups. It secured $73.5 million in 2011, the largest disclosed deal in Oregon that year. It also had received $8.2 million through the state Business Energy Tax Credit program.

Read more at OregonLive.com

 

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