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Li-ion startup Cadenza Innovation raises $5+M in oversubscribed Series A; ex Boston Power team

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Led by Golden Seeds, investors in the oversubscribed Series A round include Connecticut Innovations; Scale Investors; Summit Power Group Co-chairman Eric Redman; and entrepreneur, philanthropist and investor Mark Torrance, along with angel investors from Asia, Europe and North America.

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US Hybrid executes global fuel cell technology licensing agreement with United Technologies

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US Hybrid Corporation, a global supplier of medium- and heavy-duty electric and hybrid powertrain power conversion components, executed a global licensing agreement with United Technologies Corporation (UTC) to commercialize UTC’s proven Proton Exchange Membrane (PEM) fuel cell technologies.

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DOE releases three reports showing strong growth in US fuel cell and hydrogen market

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The number of fuel cell units manufactured in Asia continued to grow steadily, rising from about 13,500 units in 2011 to roughly 22,000 units in 2012. This report recognizes California, Connecticut, New York, Ohio and South Carolina for leading the country with continued and expanded support for fuel cell and hydrogen technologies.

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