United Technologies Corp, is more optimistic about the wind power business it recently entered than fuel cell technology that has been among its business for years, says an executive at the company.
Chief Financial Officer Greg Hayes told investor analysts that last year's $382 million purchase of Clipper Windpower, a wind turbine manufacturer, helps the Hartford-based United Technologies capitalize on what he said is a $60 billion global market.
In contrast, Hayes said that the fuel cell market is less than $1 billion and that this segment of the market is still not developed.
SOURCE: as reported by AP/CNBC
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