The Far East's ambition to become a worldwide renewable energy leader has made some Connecticut companies a prime acquisition target of Asian investors.
Doosan Corp., the South Korean conglomerate that bought ClearEdge Power out of bankruptcy in July, said in an announcement Wednesday that it intends to keep the fuel cell manufacturer's operations in South Windsor, and hire hundreds of workers.
In its first full year since acquiring UTC Power for a song, fuel cell manufacturer ClearEdge Power wants to double its annual revenues to $200 million, CEO David Wright said.
California growth consultant Frost & Sullivan gave ClearEdge Power the 2013 North American Company of the Year Award for its acquisition of South Windsor fuel cell firm UTC Power.
The Fall 2013 edition of the Connecticut Green Guide features manufacturers who are saving large, recycling businesses ahead of the industry curve, the Jedi of efficient lighting, and East Hartford's river visionary.
A Connecticut program that pays businesses to make energy upgrades. An architect pushing sustainability in Hartford, New Haven downtown revitalization. A beer company that saved $186,000 through efficiency measures. It's all in the Summer 2013 edition of the Connecticut Green Guide.
Hartford conglomerate United Technologies Corp. finalized its unloading of East Hartford-based Pratt & Whitney Power Systems to a Japanese manufacturer, UTC announced Friday.