Friday, January 14, 2011

SoCalGas Funds Fuel Cell Manufacturer

Los Angeles-based gas utility Southern California Gas Co. said Thursday that it has made an investment of $1M, in Oregon-based ClearEdge Power, a manufacturer of fuel cells. Southern California Gas Co. said the investment is a "strategic addition" to its clean energy portfolio. ClearEdge Power is a maker of fuel cell equipment, which is installed into homes and businesses to create electricity. The firm's equipment converts natural gas--which is relatively cheap and accessible in the United States--into both electricity and heat. The heat generated from the process is used to heat water for the home. More information »