ADVFN - Advanced Financial Network.
HOME» NYSE » S » SRE Stock Price » SRE Stock News

Sempra Share News

 Sempra Energy Stock Price
SRE Stock Price
 Sempra Energy Stock Chart
SRE Stock Chart
 Sempra Energy Stock News
SRE Stock News
 Sempra Energy Company Information
SRE Company Information
 Sempra Energy Stock Trades
SRE Stock Trades

Fuel-Cell Maker ClearEdge Signs $500 Million Supply Deal

By Cassandra Sweet Of DOW JONES NEWSWIRES U.S. fuel-cell maker ClearEdge Power said Tuesday it has signed a $500 million supply contract with an Austrian clean-energy firm in a relatively large deal for the fledgling industry. The privately held U.S. company makes five-kilowatt stationary fuel cells that can be powered by natural gas, or gas made from bio-materials, to generate electricity. Under the $500 million contract it signed with Gussing Renewable Energy, ClearEdge plans to deliver 50 megawatts of its fuel cells, or roughly 10,000 units, to the Gussing, Austria-based company over nine years. ClearEdge said the deal and the company's plans to gradually scale up manufacturing at its Hillsboro, Ore., factory, were made possible by $73.5 million in equity financing the company raised in August. "It's huge," ClearEdge Chief Executive Russell Ford said in an interview. "It allows us to scale up the technology in the field," and "gives us the ability to immediately go to market in Austria and Germany." ClearEdge will sell the units to Gussing Renewable, which will sell them to end-use customers in Austria and Germany, Ford said. They can be sold alone or as part of a larger clean-energy package that includes gas made from bio materials to power the fuel cells, Ford said. ClearEdge is backed by Kohlberg Ventures, Big Basin Partners LP, Applied Materials Inc.'s (AMAT) venture fund, Artis Capital Management, Sempra Energy (SRE) and Gussing Renewable. Ford declined to discuss ClearEdge's revenue, except to say that the company has been growing and generating revenue. ClearEdge has sold about 375 of its fuel cells, which are similar to rival Bloom Energy's Bloom Boxes, but much smaller; each one is about the size of a refrigerator and can power two to five homes. The unit is connected to the same type of natural gas line used for a water heater and can be placed in a garage, basement or outside a building. It generates electricity 24 hours a day, seven days a week and also produces heat that can be used to make hot water or heat the interior of a building, the company said. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@dowjones.com

Stock News for Sempra (SRE)
DateTimeHeadline
02/27/201410:05:14Sempra Energy Fourth-Quarter Profit Falls 4.1%
02/24/201405:47:09MARKET SNAPSHOT: U.S. Stock Market Is Starting To Ride A Tech...
11/15/201308:12:57Fidelity Management & Research Co. 3Q 13F: Holdings As Of Sep...
11/15/201308:12:57Fidelity Management & Research Co. 3Q 13F: -2-
11/15/201306:57:24Millennium Management 3Q 13F: Holdings As Of Sep -2-
11/15/201306:57:23Millennium Management 3Q 13F: Holdings As Of Sep 30
11/05/201310:04:24Sempra Energy Profit Up 11% as Utilities Revenue Grows
08/06/201309:51:33Sempra 2nd-Quarter Net Soars on California Utility Rate Hike
06/13/201316:03:11Sempra Considers Making Bid for Mexican Gas Pipeline Project
05/31/201309:09:14U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
05/31/201309:01:42Correction to U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
05/23/201309:57:19Sempra Energy Offers Weak Outlook for 2014, Lowers Top End of...
05/21/201310:07:26Sempra, Consolidated Edison Partner in Two Solar Power Plants
05/02/201309:53:46Sempra Energy 1Q Profit Falls 25% on Charge; Revenue Up
04/23/201316:30:51Southern Co., Turner Enterprises Buy California Solar Farm
03/22/201302:07:31Sempra Mexico Raises $521 Million Via Share Offering -Source
02/26/201315:05:05Correction to Sempra Energy Quarterly Report
02/26/201314:26:07Sempra CEO Expects Federal Approval of Gas-Export Facility by...
02/26/201310:00:39Sempra Energy 4th-Quarter Net Up 2.4% on Payment from Kinder...
02/25/201310:13:54Sempra Energy's Mexico Unit to Register IPO, Unveils Offering...

Sempra Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad