Company Overview
Bloom Energy is a pioneering American clean energy company that designs and manufactures solid oxide fuel cells (SOFCs) for distributed on-site power generation. Founded in 2001 and headquartered in San Jose, California, the company has emerged as a leader in providing reliable, efficient, and sustainable energy solutions for data centers, manufacturing facilities, and commercial operations worldwide. Bloom Energy's innovative fuel cell technology generates electricity through an electrochemical conversion process rather than combustion, offering a cleaner alternative to traditional power sources while maintaining grid independence and reliability.
The company's flagship product, the Bloom Energy Server (also known as the Bloom Box), represents a breakthrough in energy efficiency and environmental impact. These solid oxide fuel cell systems can operate on natural gas, biogas, or hydrogen, making them fuel-agnostic and adaptable to evolving energy needs. Bloom Energy has installed approximately 1.4 gigawatts of systems at over 1,000 locations across nine countries, serving high-profile customers including Google, Walmart, Equinix, and Apple. The company achieved a significant milestone in 2024 with annual revenue reaching $1.47 billion, demonstrating strong market demand for its innovative energy solutions.
Bloom Energy's founding story is rooted in space exploration technology. Founder and CEO KR Sridhar originally developed solid oxide fuel cell technology for NASA's Mars program, where it was designed to convert Martian atmospheric gases into oxygen for life support and fuel. Recognizing the terrestrial applications of this technology, Sridhar founded Bloom Energy to deliver clean, reliable, and affordable power to earth-based facilities. The company went public in 2018 after raising over $1 billion in venture capital, and has since positioned itself at the forefront of the AI data center power boom, with its fuel cell technology solving critical power supply challenges for energy-intensive artificial intelligence infrastructure.
The Bloom Energy Story
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Key Differentiators
Emerging Innovator
Bloom Energy is an emerging player bringing innovative solutions to the Climate & Energy market.
Enterprise Scale
With $5000M in revenue, Bloom Energy operates at enterprise scale with proven market validation.
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