HyAxiom
Corporate brand
UnclaimedA hydrogen and fuel-cell solutions company descended from ClearEdge Power.
Last updated August 25, 2026
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Overview
HyAxiom is a hydrogen and fuel-cell solutions brand with roots in the company originally founded in 2003 as Quantum Leap Technology in Hillsboro, Oregon. The business was established by Ed Davis, with Davis and Brett Vinsant developing an early fuel-cell system in their garages. It adopted the ClearEdge Power name in August 2005 and initially concentrated on stationary fuel-cell systems for backup power and continuous power generation. The company attracted early strategic and venture financing, including a $2 million investment from a subsidiary of Applied Materials in January 2006. By 2007, it had expanded to approximately 20 employees and had raised about $10 million in venture capital. Its first fuel-cell unit was sold and installed in early 2008. During 2009 and 2010, ClearEdge expanded manufacturing and commercial activity, supported by substantial financing from Kohlberg Ventures and other private investors. The company began shipping its five-kilowatt fuel cell in November 2009 and had orders for approximately 300 units by the following month. ClearEdge pursued both distributed-generation and public-sector applications. In 2010, one of its systems was installed at a Hillsboro Fire Department station. The company also received a $2.8 million U.S. Department of Energy grant supporting the deployment of 38 fuel cells at ten organizations, including a grocery store and a community college. Its international ambitions became more visible in June 2010, when it signed a reported $40 million agreement to supply 800 fuel cells to South Korean industrial company LS Industrial Systems over three years. The units were intended for sale in South Korea, where renewable-power requirements for new construction created a market opportunity. In December 2012, ClearEdge agreed to acquire UTC Power, the fuel-cell business of United Technologies Corporation. The transaction closed in February 2013 and expanded the company’s technology base and presence in Connecticut. Integration was followed by a workforce reduction of approximately 39 percent, with many of the cuts affecting the former UTC operation. ClearEdge also announced additional financing and moved its headquarters to Sunnyvale, California, in 2013. The company’s financial and operating position subsequently deteriorated. Its Connecticut operation was closed in April 2014 while the company considered bankruptcy protection, and ClearEdge filed for Chapter 11 in May 2014. In July 2014, Doosan Fuel Cell America acquired the company’s assets through the bankruptcy process for $32.4 million plus assumed debt. The acquired business was subsequently associated with the Doosan fuel-cell group and later operated under the HyAxiom name. The business has been associated with stationary fuel-cell systems, including large-scale installations and combined heat-and-power applications. Its technology has included systems that reform natural gas to obtain hydrogen, which is then used to generate electricity electrochemically. Reference material describes a 400-kilowatt fuel-cell product and reports total fuel efficiency of approximately 85 percent for micro combined heat-and-power systems, while proton-exchange-membrane systems were described as having electrical efficiency of about 60 percent. Because the supplied reference material focuses primarily on the predecessor company and does not provide a detailed current product catalog, current ownership structure, leadership, and operating footprint are only partially documented here.
History
HyAxiom’s documented corporate history begins with Quantum Leap Technology, founded in 2003 in Hillsboro, Oregon. Ed Davis and Brett Vinsant developed the company’s early fuel-cell technology in garage-based workspaces before the business began commercializing stationary systems. The company changed its name to ClearEdge Power in August 2005, reflecting a move toward a dedicated fuel-cell brand and commercial market presence. ClearEdge’s initial business centered on stationary fuel cells used for backup power and continuous electricity generation. In January 2006, a subsidiary of Applied Materials invested $2 million in the company. By May 2007, ClearEdge had grown to around 20 employees and had raised approximately $10 million in venture capital. The business sold and installed its first fuel-cell unit in early 2008, marking the transition from development to commercial deployment. The company expanded rapidly in 2009. It received $11 million in venture financing from Kohlberg Ventures in January and appointed Russell Ford as chief executive officer on May 1. During the year, ClearEdge expanded its headquarters from approximately 55,000 to 80,000 square feet after securing a further $15 million from Kohlberg Ventures. By that point, the company reportedly employed about 150 people, and Kohlberg accounted for most of the capital raised. ClearEdge began shipping its five-kilowatt system in November 2009 and had orders for approximately 300 units by December. It raised another $11 million in private financing in January 2010. ClearEdge pursued installations in public facilities and commercial sites. In February 2010, a fuel-cell system was installed at a Hillsboro Fire Department station. The company also supported proposed federal tax-credit legislation intended to make residential fuel-cell incentives comparable to those available for business installations, although the referenced bills did not advance out of committee. In June 2010, ClearEdge signed a reported $40 million, three-year agreement with South Korean company LS Industrial Systems to supply 800 ClearEdge5 units for sale in Korea. The agreement represented an important move beyond the company’s core California market. ClearEdge also received a $2.8 million U.S. Department of Energy grant to deploy 38 systems at ten organizations, and in August 2011 it raised $73.5 million in private equity to support expansion into Europe and South Korea. A major strategic shift occurred in December 2012, when ClearEdge agreed to acquire UTC Power, the fuel-cell business of United Technologies Corporation. The transaction closed in February 2013 and brought additional technology, personnel, and facilities into the company. The integration was difficult: in March 2013, ClearEdge reduced its workforce by approximately 39 percent, with many cuts reportedly concentrated at the former UTC operation. The company announced an additional $36 million in capital during the same period and relocated its headquarters to Sunnyvale, California, in 2013. The expansion did not produce a durable financial turnaround. ClearEdge closed its Connecticut operation without warning in April 2014 while considering bankruptcy protection, and it filed for Chapter 11 in May. In July 2014, Doosan Fuel Cell America acquired the company’s assets from bankruptcy for $32.4 million plus debt. The business was subsequently connected with Doosan’s fuel-cell operations and later operated under the HyAxiom name. The predecessor company’s product portfolio included small stationary systems such as the five-kilowatt ClearEdge5 and larger installations. Reference material identifies a 400-kilowatt fuel-cell system as a principal product associated with Doosan Fuel Cell America. The systems used fuel-processing technology in which natural gas was converted into hydrogen, with the hydrogen then used in an electrochemical generation process. Reported performance characteristics included approximately 85 percent total fuel efficiency for micro combined heat-and-power systems and approximately 60 percent electrical efficiency for proton-exchange-membrane systems. The supplied materials do not establish a complete current HyAxiom catalog, current headquarters, or present executive roster, so those details remain limited.
- 2014
Bankruptcy and Doosan asset acquisition
[1]ClearEdge files for Chapter 11 after closing its Connecticut operation, and Doosan Fuel Cell America acquires its assets.
- 2013
UTC Power acquisition closes
[1]The transaction closes, followed by workforce reductions and a headquarters move to Sunnyvale, California.
- 2012
Agreement to acquire UTC Power
[1]ClearEdge agrees to purchase United Technologies’ fuel-cell business.
- 2010
International supply and public-sector deployment expand
[1]The company signs a South Korean supply agreement and receives a U.S. Department of Energy grant for installations at ten organizations.
- 2009
Five-kilowatt system enters shipment
[1]ClearEdge begins shipping its five-kilowatt fuel-cell product and reports a substantial order backlog.
- 2008
First fuel-cell unit is sold and installed
[1]ClearEdge moves into commercial deployment of its stationary fuel-cell technology.
- 2005
The company adopts the ClearEdge Power name
[1]Quantum Leap Technology changes its corporate name to ClearEdge Power.
- 2003
Quantum Leap Technology is founded
[1]Ed Davis and Brett Vinsant establish the predecessor company in Hillsboro, Oregon, to develop fuel-cell technology.
Products and positioning
Hydrogen and fuel-cell technology provider serving stationary, distributed-generation, backup-power, and combined-heat-and-power applications.
Stationary fuel-cell system · 2009
ClearEdge5
A five-kilowatt stationary fuel-cell system developed by ClearEdge Power for distributed electricity generation and related backup-power applications. The company began shipping the product in November 2009 and marketed it in the United States and internationally, including through its South Korean agreement with LS Industrial Systems.
Stationary power generation
400-kilowatt fuel-cell system
A larger stationary fuel-cell system associated with Doosan Fuel Cell America after its acquisition of ClearEdge’s assets. The system was designed for continuous distributed power generation and used fuel-processing technology to derive hydrogen from natural gas before electrochemical electricity production.
Combined heat and power
Micro combined heat-and-power fuel-cell systems
Fuel-cell systems intended to produce electricity while recovering useful heat. Reference material attributes total fuel efficiency of approximately 85 percent to the micro combined heat-and-power configuration, although a current HyAxiom product designation is not specified.
Marketing campaigns
- 2010Hillsboro Fire Department fuel-cell installation
United States
ClearEdge installed a fuel-cell system at a Hillsboro Fire Department station, demonstrating a public-sector application for resilient distributed power.
Outcome. The installation served as a local demonstration project; the supplied material does not report longer-term performance results.
- 2010Department of Energy demonstration program
United States
A U.S. Department of Energy grant supported the provision of 38 fuel cells to ten organizations, including a grocery store and a community college.
Outcome. The grant funded a multi-site deployment program; the reference does not provide a consolidated outcome assessment.
Brand decisions
2014
Doosan acquires ClearEdge assets from bankruptcyM&ABackground
ClearEdge had closed its Connecticut operation and filed for Chapter 11 protection after financial difficulties.
Action taken
Doosan Fuel Cell America purchased the company’s assets through the bankruptcy process.
Aftermath
The acquired fuel-cell business became part of Doosan’s fuel-cell activities and later operated under the HyAxiom name.
Asset purchase price. $32.4 million plus debt (July 2014)
2013
Headquarters relocation and organizational restructuringStrategyBackground
Following the UTC Power acquisition, ClearEdge reorganized its operations and sought additional capital.
Action taken
The company reduced its workforce and relocated its headquarters to Sunnyvale, California.
Aftermath
The company later closed its Connecticut operation and entered Chapter 11 bankruptcy protection in 2014.
2012
Agreement to acquire UTC PowerM&ABackground
ClearEdge sought to expand its fuel-cell technology and operating base by acquiring United Technologies Corporation’s UTC Power business.
Action taken
ClearEdge reached an agreement to purchase UTC Power; the transaction closed in February 2013.
Aftermath
The integration was followed by a workforce reduction of approximately 39 percent and eventual closure of the Connecticut operation.
2005
Rebrand from Quantum Leap Technology to ClearEdge PowerStrategyBackground
The predecessor company was moving from early technology development toward commercial stationary fuel-cell sales.
Action taken
The company changed its name to ClearEdge Power.
Aftermath
The ClearEdge name was used during the company’s main commercialization, international expansion, UTC Power acquisition, and bankruptcy period.
Sources1 sources
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