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Doosan Fuelcell
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Developer and manufacturer of fuel cell systems

Founded in 2003
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector fuel cells

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Sunnyvale, CA Sunnyvale, United States
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  • 1 M&A items
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Date Company
01/30/2014

CTS Energy CTS Energy

CTS Energy, a wholly owned subsidiary of Connecticut Studios, LLC, has agreed to acquire 12 PureCell Model 400 fuel cell systems as part of its motion picture and television studio and production facility in South Windsor, Conn.

Confirmed by CTS Energy

Partnerships
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Date Partner Type
02/09/2023
HyAxiom HyAxiom
Doosan will work with Australian Government and Axiom to expand business and sales in Australia.
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Confirmed by HyAxiom
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Investment Rounds
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IPO INFORMATION

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Description

Date Investors Type Amount
03/19/2014 Kohlberg Ventures Kohlberg Ventures (1)
Post-money valuation of
This financing round was disclosed via a regulatory filing.
Growth Equity $5,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

PureCell Fuel Cell System

Stationary fuel cell systems generate 5 kWh (Model 5) or 400 kWh (Model 400) of electrical power, plus CHP applications.

Wide Commercial Availability Products - Wholesale
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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