FundedIQ
Energy

Watt Fuel Cell: Funding, Investors & Team (Sep 2026)

WATT Fuel Cell Corporation is a developer and manufacturer of Solid Oxide Fuel Cell (SOFC) components and systems that can operate on readily available hydrocarbon fuels such as natural gas, propane, JP-8, and diesel. WATT’s fuel cell technology is a quiet, light, efficient, affordable, and environmentally responsible energy solution to a range of power markets. The company's products are based on a common expandable module, a building block that enables WATT to address multiple markets with minimal additional development cost. Analogous to a blade server type module, where additional performance can be obtained by adding blades, applications requiring more power are addressed by simply adding more modules.

www.wattfuelcell.com LinkedIn Mount Pleasant Mills, United States 11-50 employees Founded 2010
Energy Energy Efficiency Manufacturing
Total raised
$82.4M
Rounds
3
Latest
Undisclosed round
Jul 2026

Watt Fuel Cell has raised $82.4M across 3 funding rounds on record, the most recent an undisclosed round announced in Jul 2026.

Watt Fuel Cell Company Profile and Key Stats

Total funding raised
$82.4M
across 3 rounds on record
Funding rounds on record
3
1 with no disclosed amount
Latest funding round
Undisclosed round
Jul 2026
Employees
11-50
reported band
Founded
2010
Headquarters
Mount Pleasant Mills, United States
Investors on record
6
5 named below

Latest funding round on record: Jul 2026.

Watt Fuel Cell Funding Rounds

Date
Round
Amount
Undisclosed round
Undisclosed
Undisclosed round
$82.3M
Undisclosed round
$100k

1 of 3 rounds was announced without a disclosed amount and is excluded from the total.

Watt Fuel Cell raised $100k in an undisclosed round announced in Feb 2022.

10 months later, an undisclosed round of $82.3M was announced in Dec 2022.

3.6 years later, an undisclosed round was announced in Jul 2026 with no disclosed amount.

Watt Fuel Cell Investors

NYSERDA Generac Power Systems EQT Senvest Management Park West Asset Management

6 investors are recorded in total; the 5 named above are those the record identifies.

Watt Fuel Cell Founders and Leadership Team

Name
Role
Contact
Caine Finnerty
CEO
Locked
Paul Dewald
Vice President of Engineering
Locked
Sarah Dewald
Vice President of Finance
Locked

Contact details for the Watt Fuel Cell team: 3 of 3 have an email address on file, 2 have a LinkedIn profile.

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Watt Fuel Cell Funding Compared to Other Energy Startups

Segment
Companies
Median round
2,284
$14M
29,795
$7.5M

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Watt Fuel Cell Funding FAQs

What does Watt Fuel Cell do?

WATT Fuel Cell Corporation is a developer and manufacturer of Solid Oxide Fuel Cell (SOFC) components and systems that can operate on readily available hydrocarbon fuels such as natural gas, propane, JP-8, and diesel. WATT’s fuel cell technology is a quiet, light, efficient, affordable, and environmentally responsible energy solution to a range of power markets. The company's products are based on a common expandable module, a building block that enables WATT to address multiple markets with minimal additional development cost. Analogous to a blade server type module, where additional performance can be obtained by adding blades, applications requiring more power are addressed by simply adding more modules.

How much funding has Watt Fuel Cell raised?

Watt Fuel Cell has raised $82.4M across 3 rounds on record.

When did Watt Fuel Cell last raise funding?

Watt Fuel Cell's most recent funding round on record was announced in Jul 2026. The amount was not disclosed.

Who has invested in Watt Fuel Cell?

Investors on record for Watt Fuel Cell include NYSERDA, Generac Power Systems, EQT, Senvest Management, Park West Asset Management. FundedIQ records 6 investors in total.

Who is the CEO of Watt Fuel Cell?

Caine Finnerty is listed as CEO at Watt Fuel Cell.

Where is Watt Fuel Cell headquartered?

Watt Fuel Cell is based in Mount Pleasant Mills, Pennsylvania, United States.

How many employees does Watt Fuel Cell have?

Watt Fuel Cell is in the 11-50 employee band.

When was Watt Fuel Cell founded?

Watt Fuel Cell was founded in 2010.

About FundedIQ's Watt Fuel Cell Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Watt Fuel Cell is left off this page rather than filled in.

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