ClearEdge Power nets $10M more
By Christina Williams
Sustainable Business Oregon editor
ClearEdge closed on an additional $10 million in debt financing.
ClearEdge Power brought another $10 million into its coffers this week, this time in convertible debt, according to paperwork filed with the U.S. Securities and Exchange Commission.
The new financing comes on top of the large $73.5 million series E investment round that the company announced in August.
That investment, which tripled Oregon's cleantech investment tally for the third quarter, accelerated ClearEdge's plans to roll out additional fuel cell products — announced late last month — in order to better compete with traditional energy sources.
ClearEdge, which makes fuel cells for small-scale commercial operations, is thought to be Oregon's best bet for a cleantech IPO.
ClearEdge's CEO is Russell Ford.
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