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ClearEdge Power Files for Bankruptcy Looks for Buyers

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The manufacturer of PureCell electricity-generating systems filed for bankruptcy after laying off workers at its Connecticut plant and is looking for a buyer who could restart its operations, Dow Jones Daily Bankruptcy Review reported today. Company officials put ClearEdge Power Inc. into chapter 11 protection on Thursday and told a bankruptcy judge that they are looking for "some form of sale, merger, acquisition" for the fuel-cell maker. ClearEdge Power , which employed 340 workers, laid off an undisclosed number of workers at its 170,000-square-foot plant in South Windsor, Conn., on April 25 without advance warning.