News

April 30, 2014

Fuel cell maker ClearEdge Power abruptly laid off 268 employees and intends to file for bankruptcy, reports the Hartford Business Journal.

An attorney for the company sent a letter to Connecticut officials, saying the company had fallen on hard times due to a lack of business and a cash shortage. The company will close its two facilities in South Windsor, Conn.

The attorney said ClearEdge had been anticipating a significant new contract, which failed to materialize.

Continue to read the article here.

Back to All News