Doosan Buys 2 Fuel Cell Firms

July 22, 2014 By Linda Hardesty

Doosan energy manageSouth Korea’s Doosan is acquiring the assets and operating debt of US-based ClearEdge Power for $32.4 million, reports Reuters.

ClearEdge Power shut its doors in April, and Doosan is purchasing the assets from its bankruptcy auction.

Earlier this month Doosan announced it was merging with South Korea-based fuel cell maker Fuel Cell Power for an unnamed price.

With the two new companies, Doosan will form a new unit – Doosan Fuel Cell America, reports Bloomberg.

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