Hartford Business Journal

while Doosan makes use of its home-field advantage there, Chung said, the company also plans on stepping up sales in the United States — the second largest fuel cell market. Longer term, the company is eying South Af- rica and European countries like England and Germany. Danbury's FuelCell Energy, which is the largest fuel cell producer in the world with $188 million in revenue last year, is on the verge of becoming the first fuel cell company to turn a profit because the worldwide mar- ket is growing and the firm already has done the heavy lifting to ramp up its production volume to meet rising demand, said CEO Chip Bottone. Bottone said he isn't worried about Doosan raiding FuelCell's business — especially in South Korea, which is FuelCell's largest market — because FuelCell offers bigger, more affordable products built for the utility industry and large industrial customers. "There may be jobs that overlap, but we won't lose those jobs," Bot- tone said. The first customer for Doosan after it took over the South Windsor facility was Fairfield developer Bruce Becker, who purchased a 400-kilowatt fuel cell for his apartment complex at 777 Main St. in Hartford. Becker originally ordered the fuel cell from ClearEdge, but even though Doosan hasn't gotten its production fully opera- tional yet, the company was able to deliver one to Becker because it was one of the few completed fuel cells that remained after ClearEdge went bankrupt. Becker ended up paying more for the fuel cell than he would have under ClearEdge, but he was happy to finally get one delivered to his Hartford development after all the volatility in South Windsor. "It is a great company and a great product, and I'm glad they are keeping going," Becker said. "Eventually, they will become less expensive once they start produc- ing more of them." Chung said Doosan Fuel Cell America will remain well- connected to the local community, but plans to leverage the assets of its 119-year-old global parent in order to become a profitable division and a force in the fuel cell industry. "We do have aggressive plans," Chung said. www.CTGreenGuide.com SprinG 2015 • Connecticut Green Guide 21 Green Tip: Connecticut's LREC program to provide 15-year renewable energy credit contracts to businesses installing fuel cells expires in 2017. David Wright, former CEO, ClearEdge Power (Above) ClearEdge Power's employees were given less than one- day's notice when they were laid off in April. (Right) A Doosan crew installs the fuel cell at 777 Main St. in Hartford. PHOTO | HBJ FiLE

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