The acquisition also creates in ClearEdge somewhat of a fuel cell industry powerhouse. Retrieved 24 February Details of the terms or structure of the acquisition were not disclosed. UTC executives had previously said they were considering a sale. The justification for renewable energy subsidies is often debated in these pages.
Follow Greentech Media and get email alerts Your feedback matters to us! The combined companies also will be able to take advantage of the expected upswing in commercial aircraft orders as the economy strengthens.
Natural gas is cheap. Shutting down the UTC Power operations instead of paying ClearEdge to take over control would have been more complicated and probably more costly.
Senate passage of federal surface transportation legislation. The fuel cell business is part of UTC Power, which the company confirmed Thursday it is selling; no buyer was announced.
The product has a year cell stack durability and year product life. Some employees had worried about the fate of the West Hartford engine control plant after the merger because UTC is already in that business.
The deal brings more heft to Hartford-based UTC, by far the largest private employer in the state. Sources with knowledge of the fuel cell industry said discussion among investors always was UTC paid ClearEdge to take over UTC Power, including turning the subsidiary into a more viable business by eliminating debt and financing its future operations.
Hamilton Sundstrand goes from being a giant company based in Windsor Locks to a brand — now part of a division based in Charlotte, N. Department of Energy on development and demonstration programs.
Inthe company supplied fuel cells to NASA for the Apollo project space missions, to supply electric power and drinking water for the astronauts on board and, later, for the Space Shuttle missions until ClearEdge officials declined to discuss the specifics of its UTC Power takeover but said the company got a good deal on the South Windsor business.
Fuel cells have benefited from state and federal subsidies, or in the case of Bloom -- Delaware ratepayer bill subsidies. Enlarge image Neal Starling, executive vice president, ClearEdge Instead of making money selling its fuel cell subsidiary, Hartford conglomerate United Technologies Corp.
But as Goodrich is integrated with Hamilton, the two will form a new, previously-announced division: New York, New Jersey, and Connecticut also have aggressive state incentive programs.
ClearEdge might be able to outperform batteries and other fuel cells, but the problem is that the real competition is the grid and diesel gen-sets.
The firm "currently has approximately employees and they are all part of this acquisition, which covers both the stationary and transportation businesses," according to a UTC spokesperson in an email today.
Despite the difficulties UTC had unloading the fuel cell subsidiary, the sale should work out for ClearEdge since the company can serve the residential and small business market as well as the industrial and power generation market, Osborne said.
Neal Starling, ClearEdge Senior VP of Sales and Marketing, would not comment on the terms of the deal, but did say, "This acquisition will help solidify our position as a leading provider of cost-effective, clean, continuous, distributed power solutions.
The fuel cell runs on natural gas, propane, or methane and can export excess heat for hot water, forced hot air, or hot-water cleaning. The Goodrich deal is the largest ever for UTC, and it reshapes Hamilton Sundstrand — long the steward of the space suit — adding wheels, landing gear and brakes to the interior and electronic systems already designed and manufactured by Hamilton.
Even so, Windsor Locks, though no longer a headquarters or even a separate business unit, is expected to remain a major manufacturing and design center, employing about 3, salaried and hourly workers. The RMS provided the Control Center with remote access to fuel cell operating data and allowed limited control, including start-up, power output kW set point and shut-down commands.
Fuel cells can be distributed and do have less emissions.
The plant has had its share of owners. UTC Power, on the other hand, had 50 years of history including working on NASA projects and was one of the top two vendors of fuel cells in the world.
UTC officials declined to comment for this story. And few if any fuel cell vendors have proven that they can go head-to-head with those incumbent technologies on a per-kilowatt-hour basis. UTC Power has designed, manufactured and installed more than stationary fuel cells in 19 countries on six continents.
Starling verified this number today. Still, those negotiations with ClearEdge and any other interested parties took months as UTC did not announce the intended sale until Dec. Although the sales terms were not announced in December nor at the Feb.
Now, it appears UTC was trying to dump a subsidiary that had never turned a profit while restructuring the conglomerate to focus on aerospace and building manufacturing.
The legislation included a Clean Fuels Grant Program to prioritize funding for transit agencies to purchase zero emission passenger buses. Want to share your opinion on this article?United Technologies Sells Fuel Cell Business to ClearEdge United Technologies announced the latest step in its plan to refocus the company on its "core aerospace and commercial businesses.".
UTC Power was a fuel cell company based in South Windsor, Connecticut.
It was part of United Technologies Corporation; it was purchased by ClearEdge Power in February The company specialized in fuel cells for buildings, buses and automobiles. It has. ClearEdge Power of Hillsboro, Oregon, a manufacturer of proton exchange membrane (PEM) fuel cells, is acquiring fuel cell industry veteran UTC Power.
UTC Power is a maker of large-scale phosphoric. Fuel Cells for Stationary Power Generation BUSINESS PLAN The University of Oklahoma Fuel Cell Corporation Eric Daugherty Justice Diven Caroline Ihejiawu.
The fuel cell business is part of UTC Power, which the company confirmed Thursday it is selling; no buyer was announced. UTC executives had previously said they were considering a sale. SOUTH WINDSOR, Conn. - United Technologies Corp. has announced an agreement to sell its fuel cell manufacturing subsidiary, UTC Power, to Oregon's ClearEdge Power, the company says.