ClearEdge gets $36M in financing

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Tuesday, March 19, 2013

Hillsboro's ClearEdge Power landed a $36 million funding round to help expand sales activities.

ClearEdge’s Jennifer Sager did say, though that the cash will help ClearEdge parlay its position as a fuel cell industry leader three months after the company bought UTC Power.

Sager said the company is still working out other specifics of how to use the money. She said she’s not sure whether the money would help bring back jobs ClearEdge lost last fall. The company’s workforce was at 70 employees last year, down from a high of 150.

Read more at Sustainable Business Oregon.

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