Wednesday, September 7, 2011

ClearEdge Power Bolsters Board

Hillsboro, Oregon-based ClearEdge Power, the developer of fuel cell energy systems which convert natural gas into electricity and heat, said today that it has named Phil Angelides to its Board of Directors. Angelides is president of Riverview Capital Investments, a developer of renewable energy projects, and was previously the Treasurer of the State of California from 1999 to 2007. ClearEdge said the appointment will help drive adoption of its systems. ClearEdge's systems are considered a cleaner form of energy, and is being used in commercial, institutional, and residential installations. The firm recently announced $73.5M in a Series E funding for the company.