ClearEdge Power, a manufacturer of scalable, distributed power systems, closed on its acquisition of UTC Power, marking a major milestone for the company and strengthening its position in the commercial fuel-cell industry.
UTC Power, formerly a subsidiary of United Technologies Corp., has long been considered a leader in fuel cell systems with decades of experience.
“We are excited about the strategic combination of ClearEdge Power and UTC Power and the capability it provides us to address the demand for clean, continuous, distributed power solutions,” said ClearEdge Power President/CEO David B. Wright. “This acquisition establishes our position as the most experienced innovator in the industry, having the broadest technology portfolio and an agile, passionate, visionary team that delivers dependable customer solutions.”