Watt Fuel Cell Corporation, a Mount Pleasant, Pa.-based a manufacturer and developer of Solid Oxide Fuel Cell (“SOFC”) stacks and systems that operate on common, readily available fuels such as propane and natural gas, closed a growth funding round.
The amount of the deal and the backers were not disclosed.
The company intends to use the funds to expand manufacturing through the purchase of equipment, expansion of the manufacturing facility and hiring of additional engineering, production and administrative staff.
Additionally, Morgan O’Brien, President and CEO of Peoples Gas and a 25-plus year veteran of the energy industry, has joined Watt’s Board of Directors.
Led by Dr. Caine Finnerty, President, Watt Fuel Cell Corporation leverages proprietary, patented additive manufacturing process (AMP) to produce commercially viable SOFC products for small scale and remote power applications. Its Hybrid Power Management system works in tandem with renewable power sources (Solar & Wind) and energy storage to provide environmentally responsible energy solutions.
Peoples Gas was one of the first development partners of Watt Fuel Cell. The two companies are working together to bring Watt’s technology to Western Pennsylvania area homes later this year, opening up the residential market for Watt.