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Watt Fuel Cell

Mt. Pleasant, US · Founded 2010 · Delaware corporation · 1 known investors

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WATT designs, develops, and manufactures small-scale Solid Oxide Fuel Cell (SOFC) systems that generate power at the point of use and can run on natural gas, propane, renewable natural gas, and hydrogen. The company builds these fuel cell systems using its own additive manufacturing process for on-site clean power generation.

Founders & leadership

Watt Fuel Cell was founded in 2010 by Caine Finnerty, Caine Finnerty, Ph.D., Wenhua Huang, Ph.D., and Paul DeWald.

CFCaine Finnerty
Caine FinnertyCo-founder · Chief Executive OfficerCaine Finnerty founded WATT Fuel Cell and previously held executive roles at Protonex Technology (later acquired by Ballard Power Systems), where he restructured operations and led product development, as well as at NanoDynamics, where he established R&D and manufacturing facilities. His background includes work on Solid Oxide Fuel Cell technology and additive manufacturing processes, with contributions to over 200 patents and 47 peer-reviewed publications.
CFCaine Finnerty, Ph.D.
Caine Finnerty, Ph.D.Founder and Chief Executive Officer
WH
Wenhua Huang, Ph.D.Vice President of Fuel Cells, Founder
PDPaul DeWald
Paul DeWaldVice President of Engineering, FounderHe co-founded the company in 2010 after working as a senior mechanical engineer at Protonex and as lead mechanical engineer at NanoDynamics, where he spent five years on fuel cell and related hardware development.
MJ
Michael JoyceNamed on SEC filing
TB
Travis BradfordNamed on SEC filing
RS
Roberto SellaNamed on SEC filing
RT
Rocco TrottaNamed on SEC filing
LH
Larry HilerNamed on SEC filing
AH
Anne HoskinsNamed on SEC filing

Board

JV
James VilardiBoard director
CA
Chas Andres HallBoard director

Investors · 1

Reported raises · per SEC filings

Form D private placements

$104.1M disclosed across 4 rounds · 2011–2021

▶$82.3MraisedDec 2022 · 28 investors · Energy Conservation
Rule 506(b)
Officers, directors & promoters on the filing
  • Caine FinnertyExecutive Officer, Director
  • Roberto SellaDirector
  • Morgan O'BrienDirector
  • Sarah DeWaldExecutive Officer
  • Patrick ForsytheDirector
  • Toby RiceDirector
  • Richard RomerExecutive Officer, Director
Offering amount
$92.3M
Amount sold
$82.3M
Minimum investment
$18.6K
Sales commissions
$1.2M
Proceeds to insiders
$1M
Placement agents
Barclays Capital Inc., Williams Trading, LLC
First sale
Dec 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$8.1MraisedMay 2020 · 6 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • Rocco TrottaDirector
  • Caine FinnertyExecutive Officer, Director
  • Roberto SellaDirector
  • Richard RomerExecutive Officer, Director
  • Morgan O'BrienDirector
Offering amount
$20M
Amount sold
$8.1M
First sale
Apr 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10.7MraisedJun 2018 · 10 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael JoyceDirector
  • Travis BradfordExecutive Officer, Director
  • Roberto SellaDirector
  • Caine FinnertyExecutive Officer, Director
  • Rocco TrottaDirector
  • Larry HilerDirector
  • Anne HoskinsDirector
Offering amount
$15M
Amount sold
$10.7M
Minimum investment
$25K
Proceeds to insiders
$314K
First sale
Apr 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.9MraisedFeb 2012 · 34 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • James VilardiDirector
  • Caine FinnertyExecutive Officer, Director
  • Michael JoyceDirector
  • Sarah DeWaldExecutive Officer
  • Chas Andres HallDirector
  • Patrick Gallagher, Jr.Director
Offering amount
$8M
Amount sold
$2.9M
Minimum investment
$52.5K
Sales commissions
$290.4K
Proceeds to insiders
$380K
Placement agents
Salomon Whitney LLC
First sale
May 2011
Incorporated
Corporation, New York, 2010
Federal exemptions
06
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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Frequently asked questions

What does Watt Fuel Cell do?
WATT designs, develops, and manufactures small-scale Solid Oxide Fuel Cell (SOFC) systems that generate power at the point of use and can run on natural gas, propane, renewable natural gas, and hydrogen. The company builds these fuel cell systems using its own additive manufacturing process for on-site clean power generation.
Who founded Watt Fuel Cell?
Watt Fuel Cell was founded by Caine Finnerty, Caine Finnerty, Ph.D., Wenhua Huang, Ph.D., Paul DeWald in 2010.
Who are Watt Fuel Cell's investors?
Watt Fuel Cell's investors include Emerald Development Managers.
How much funding has Watt Fuel Cell raised?
Watt Fuel Cell has disclosed $104.1M raised across 4 rounds.
Where is Watt Fuel Cell headquartered?
Watt Fuel Cell is headquartered in Mt. Pleasant, US.