About ClearEdge Power
ClearEdge Power is an Energy & Utilities company based in United States founded in 2003, and was acquired by Doosan in July 2014. It develops fuel cells. ClearEdge Power has raised $177.77 million across 29 funding rounds from investors including Applied Materials, Doosan and SoCalGas. Its focus areas include Energy, Energy Storage, Battery and Multi Chemistry. Its legal entity is ClearEdge Power, Inc.
Company details
ClearEdge Power was founded in 2003 and is headquartered in the United States, with operations centered on the fuel cell sector. Fuel cells ranging in capacity from 5 kW to multiple megawatts are produced to support energy applications. Solutions are provided to address electricity cost reduction, energy efficiency improvements, and carbon emission decreases in various settings.
- Headquarters United States
- Stage Acquired
- SectorsEnergy & Utilities
- Website clearedgepower.com
- Social LinkedIn X
- Acquired by Doosan (Jul 2014)
- Legal Name Clearedge Power, Inc.
- Total Equity Funding$177.77M (USD)
in 29 rounds
- Latest Funding Round$5M (USD), Series C
Mar 2014
- InvestorsApplied Materials
& 4 more
- Acquired byDoosan
(Jul 2014)
Funding Insights of ClearEdge Power
ClearEdge Power has successfully raised a total of $177.77M across 29 strategic funding rounds. The most recent funding activity was a Series C round of $5 million completed in March 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $177.77M
- Total Rounds 29
- Last Round Series C — $5M
- First Round $6.88M
(Jul 2004)
- Investors Count 4
Latest 10 of 29 funding rounds of ClearEdge Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2014 | $5M | Series C | – | – | – |
| Nov 2012 | $5M | Debt – Conventional | – | – | – |
| Nov 2011 | $10M | Series C | – | – | – |
| Sep 2011 | $1.95M | Grant | – | – | |
| Aug 2011 | $73.5M | Series C | – | – | |
| Jul 2011 | $13.5M | Series B | – | – | – |
| Jul 2011 | $2M | Series B | – | – | – |
| Jul 2011 | $1M | Debt – Conventional | – | – | – |
| Jun 2011 | $2.8M | Grant | – | – | – |
| May 2011 | $5M | Series B | – | – | – |
5 investors in total: 5 institutional.
Investors in ClearEdge Power
ClearEdge Power has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Applied Materials, Doosan and SoCalGas.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments in US companies are made by Kohlberg Ventures. | kohlbergventures.com | Portola Valley, United States | ||
Natural gas is distributed to residential customers in Southern California. | 1867 | socalgas.com | Monterey Park, United States | |
Materials engineering solutions are supplied for semiconductor and electronics industries. | 1967 | appliedmaterials.com | Santa Clara, United States | |
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States | ||
Conglomerate | 1896 | doosan.com | Dubai, United Arab Emirates |
Investor details for ClearEdge Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of ClearEdge Power
1 people are tracked at ClearEdge Power (1 in leadership).
| Name | Role | Group |
|---|---|---|
Russell Ford | President and CEO | Leadership |
Complete people profiles for ClearEdge Power
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of ClearEdge Power
4 dated milestones of ClearEdge Power across 11 years, from founding to its latest funding, stage changes and deals.
- Founded ClearEdge Power is founded.
- Funding First funding round of $6.9M.
- Funding Latest funding round, Series C, of $5.0M.
- Exit Acquired by Doosan.
Top companies in Energy Storage
3 companies that operate in the same segment as ClearEdge Power (Energy Storage) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of bespoke power storage systems for industrial and grid applications | 2009 | Durham, North Carolina, United States | USD 276.49 M | |||
Batteries and energy storage systems are manufactured in various chemistries. | 1924 | New York, New York, United States | 32 | |||
Free mobile charging kiosks are installed in retail stores. | 2012 | Philadelphia, Pennsylvania, United States | USD 35.85 M | 41 |
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Related news about Clearedge Power
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Frequently Asked Questions about ClearEdge Power
ClearEdge Power was founded in 2003 and raised its 1st funding round 1 year after it was founded.
ClearEdge Power is headquartered in United States.
ClearEdge Power is a funded company, having raised a total of $177.77M across 29 funding rounds to date. The company's 1st funding round was a Series B of $5M, raised on Jul 2004.
ClearEdge Power was founded in 2003 and is headquartered in the United States, with operations centered on the fuel cell sector. Fuel cells ranging in capacity from 5 kW to multiple megawatts are produced to support energy applications. Solutions are provided to address electricity cost reduction, energy efficiency improvements, and carbon emission decreases in various settings.
ClearEdge Power has 5 investors. Key investors include Applied Materials, Doosan, SoCalGas, Kohlberg Ventures, and OSTI.GOV.
ClearEdge Power operates through Clearedge Power, Inc..
Yes. ClearEdge Power was acquired by Doosan in July 2014.