Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a power generation platform that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through an electrochemical process without combustion. It serves data centers, hospitals, healthcare manufacturing facilities, biotechnology facilities, grocery stores, hardware stores, banks, telecom facilities and other critical infrastructure applications. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in September 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.

Bloom Energy Corporation

Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid-oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information,
visit www.bloomenergy.com.

The Bloom Energy Server is a distributed electric power solution built for the digital age and capable of delivering highly reliable, uninterrupted, 24x7 constant power that is also clean and sustainable. Bloom’s unique on-site power generation systems are among the most efficient on the planet, providing significantly reduced operating costs and producing dramatically lower greenhouse gas emissions. By generating power where it is consumed, Bloom Energy offers increased electrical reliability and improved energy security, providing a clear path to energy independence.

Some of the largest companies in the world trust Bloom Energy to provide their businesses with clean, reliable and resilient energy. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries.

The company, headquartered in San Jose, California, is growing quickly and looking to add to its dynamic team. Stay up to date with Bloom Energy through our social channels.

Follow us on Twitter: https://twitter.com/Bloom_Energy 
Subscribe to our YouTube channel: http://www.youtube.com/bloomenergy 
Like us on Facebook: https://www.facebook.com/bloomenergy 
Follow us on Instagram: @bloomenergy

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Bloom Energy

⚡The U.S. faces challenges in ensuring uninterrupted electricity supply, especially for critical industries like #datacenters. It's time to explore innovative solutions. The answer? Fuel cells 💡.

Fuel cells act as standalone power producers, generating #cleanelectricity without relying on extensive transmission and distribution networks. ⚗ They harness a chemical reaction process to create power without burning fuel. 

💚That means #fuelcells offer reliability, energy security, and environmental benefits like:

🏭 Distributed power generation: Fuel cells produce #electricity where it's consumed, reducing the risks associated with traditional power generation. 

🌿 Fuel cells convert natural gas, biogas, and hydrogen to electricity efficiently and without combustion, lowering carbon emissions.

🛡️ Fuel cells enhance national security. Their distributed nature makes them less vulnerable to attacks, ensuring power resilience for critical infrastructure.

🌐Neil Chatterjee shares how fuel cells offer a path to a reliable, secure, and #sustainable energy future in his #OpEd: https://lnkd.in/eAv8FSxN 

Together, we can drive changes that prioritize this "definite necessity" for electric reliability. 

#FuelCells #CleanEnergy #ElectricReliability #TogetherWeCan

Ten years ago, our budding team in Delaware had a mission: create an innovative #fuelcell factory, develop a 21st century workforce, and become an integral part of the Delaware community. 🌎 This week we celebrate each of those goals as we commemorate 10 years of operations, growth, and manufacturing in Newark, Delaware.👨🏭

We want to give a huge thank you to the 1000+ people who came out to celebrate, including employees, veterans, community members, and public officials. 

Special thanks to Governor John Carney, Lt. Governor Dr. Bethany Hall-Long, the Delaware Army National Guard, Delaware State Chamber of Commerce, Delaware State University President Tony Allen, University of Delaware President Dennis Assanis, and Delaware Technical Community College President Mark Brainard for their continued support of the local community that fosters the talent pipeline we have cultivated at our facility. 

We are committed to future #growth, delivering the low carbon, clean energy the world needs for the transition to #netzero. 

Follow us on LinkedIn as we deliver on our mission to make abundant clean energy affordable for all!

#BEinDelaware #ManufacturingJobs #CleanEnergy #ClimateTech

On Tuesday 10/10 we celebrate our 10th anniversary manufacturing #fuelcells in Delaware 🎊🎇! Over a decade, we've powered economic growth and impact in the state. Some of our highlights include:

🌳 Commitment to #sustainability. Last year we celebrated opening our high-capacity electrolyzer production line, ready to deliver #cleanhydrogen for a green future.
🎖 Supporting our veterans. Bloom is honored to hire veterans, whose dedication, discipline and skills strengthen our team. 
🏫 Building the leaders of tomorrow. Our partnership with local universities including University of Delaware and Delaware Technical Community College means we continue to nurture and work with the bright students who will solve the challenges of the future 💡 . 

We're incredibly thankful for the support of our employees, community, partners and Delaware team. Together we have built a story of growth, innovation and progress over the last 10 years. 

We look forward to the next 10 years of powering progress too🌎⚡ 
#BEinDelaware #BeTheSolution #BloomEnergy

How much can family impact career paths? Hear from Rudy Ruvalcaba and Santina Carranza on the people and things that power them as we continue to honor Hispanic Heritage Month at Bloom.

🔊 Santina speaks to the importance of workplace #culture and mission to career growth. 

🎤 Rudy shares how family and cultural values motivate him to work for a better future - for both his family and the planet 🌎 

Watch their dialogue below!
#WhatPowersYou #HispanicHeritageMonth

Between extreme weather events and global efforts to cap temperature rise, there's increasing attention on the technologies needed for wide-scale decarbonization, and #hydrogen is one of them. 

While direct electrification is one tool to #decarbonize many applications, it doesn't cover everything. 🔋 Imagine flying an airplane around the globe with a heavy battery. ✈  Instead, 10-20% of the future #cleanenergy needs will likely be satisfied by other sources, such as clean hydrogen. 

Bloom Energy's Rick Beuttel, Head of Business Development, recently joined Ed Crooks on Wood Mackenzie's The Energy Gang podcast to discuss incentives for a successful, low-carbon hydrogen industry. 

🎧Hear below how a clean hydrogen economy advances decarbonization of heavy industry, and where Bloom's commercial-ready technology comes into play⚡ https://lnkd.in/gh7hG_tP

As the longest-serving woman in U.S. Senate history, Dianne Feinstein worked tirelessly to protect many of California's iconic landmarks and advance clean energy technology in the state. 

In her quest to combat climate change and protect the natural environment, we had the fortune of meeting Senator Feinstein years ago. We were honored to experience her dedication to her values, her support for innovative climate tech solutions and her service to the communities she served. 

We will long remember her and cherish her legacy.

Bloom's new Series 10 offering with CHP is packaged to help heavy industry decarbonize, and the U.S. Department of Energy (DOE)'s “Pathways to Commercial Liftoff” series illuminates the niche needs of these industries.

The Pathways initiative aims to catalyze commercialization of technologies critical to reaching #netzero.  

Their most recent reports show that U.S. industry is lagging on emissions cuts. See some highlights from the reports below and how Bloom’s #Series10 can help these industries make swift progress on #decarbonization goals.

🏭 Chemical and refinery industries leave the biggest carbon footprint, with 7% of the world's CO2 equivalent emissions being attributed to these two sectors.
🏗 As a stand-alone focus of the report, the cement industry is responsible for as much as 2% of U.S. carbon dioxide emissions and 8% of CO2 globally.

But Bloom's Series 10, built around our highly efficient, fuel flexible #fuelcell platform, could be the solution for many businesses - especially industries that use CHP to generate the process steam needed for their operations. 

Learn more in our latest LinkedIn blog: https://lnkd.in/gnYHrTsf

This year, we're celebrating the 10th anniversary of our Newark Manufacturing and Assembly Center in #Delaware. We're proud to call this community a home for #CleanEnergy technology production.

After investing in an empty lot that used to be an auto plant, we've grown our facility in Newark to:
💵 $97 million in economic impact from our operations
⚡ 15,000 Energy Servers delivered
👩🏭 750+ employees

Read more about our economic impact in the state in Delaware Business Now/Bird Street Media, authored by Barry Sharpe and Tyrone Jones: https://lnkd.in/gmUPVhi7

#CleanTech #manufacturing  #BEinDelaware

As El Nino ramps up this season, meteorologists predict a “substantially elevated chance of a wet winter” in California. We want to share some helpful information so you can know how #microgrids help vulnerable communities keep their lights on with resilient power independent from the grid.

⚡ Microgrids can use battery storage systems which will store energy and deploy it when needed, like during outages or periods of high grid demand. 
⚡ Microgrids can be powered using renewable energy sources which are more affordable than traditional fuel options and will help with the growing energy poverty issue.

💡 Interested in learning more? Check out this article from the Bloom Energy newsroom detailing how our #fuelcells are helping take Americas largest producer of fresh food off the grid.

https://lnkd.in/ghA6Pj2n 

#cleanenergy #extremeweather #PSPS

In July, Bloom Energy announced Series 10, a groundbreaking new way of buying power that disrupts the traditional electricity model. 

⚡Series 10 is our solution to real customer needs and the flexibility that today’s market demands, with short-term, five-year, flat-rate contracts and zero upfront costs. 

💸With a flat rate as low as 9.9 cents per kilowatt-hour, Bloom offers a cost-effective solution that gives #businesses the freedom to take charge of their electricity needs without worrying about cost increases.

Another highlight: our #fuelcells are deployed in as little as 50 days, so you don’t have to wait to see the results of your investment. Series 10 is installed, operated, and maintained by us, without any additional cost or hassle to our customers.

Eager to dive deeper into Series 10? Be part of the transformation at https://hubs.li/Q01-B8580. 🚀 

#BloomEnergy #Series10 #PoweringTheFuture

	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	248.14M -	172.89M 30.33%	208.54M 20.62%	376.00M 80.30%	742.04M 97.35%	785.18M 5.81%	794.25M 1.16%	972.18M 22.40%	1.20B 23.34%	1.33B 11.20%
cost of revenue	361.76M -	347.62M 3.91%	312.03M 10.24%	394.04M 26.28%	624.97M 58.61%	687.59M 10.02%	628.45M 8.60%	774.60M 23.25%	1.05B 35.66%	1.14B 8.07%
gross profit	-113.62M -	-174.73M 53.78%	-103.49M 40.77%	-18.04M 82.56%	117.07M 748.80%	97.59M 16.64%	165.79M 69.89%	197.58M 19.17%	148.29M 24.95%	197.79M 33.39%
selling and marketing expenses	16.43M -	19.54M 18.92%	29.10M 48.91%	32.41M 11.39%	62.98M 94.28%	73.57M 16.83%	55.92M 24.00%	86.50M 54.69%	90.93M 5.13%	89.96M 1.07%
general and administrative expenses	50.57M -	58.98M 16.62%	61.55M 4.36%	55.67M 9.54%	118.82M 113.42%	152.65M 28.47%	107.08M 29.85%	122.19M 14.10%	167.74M 37.28%	160.88M 4.09%
selling general and administrative expenses	67.01M -	78.52M 17.18%	90.65M 15.44%	88.09M 2.82%	181.79M 106.37%	226.22M 24.44%	163.00M 27.95%	208.69M 28.03%	258.67M 23.95%	250.84M 3.03%
research and development expenses	53.00M -	43.93M 17.11%	46.85M 6.64%	51.15M 9.17%	89.14M 74.28%	104.17M 16.87%	83.58M 19.77%	103.40M 23.71%	150.61M 45.66%	155.87M 3.49%
other expenses		-3.31M -	-773K 76.64%	268K 134.67%	-999K 472.76%	706K 170.67%	-8.32M 1,278.19%	-8.14M 2.15%	5.00M 161.41%	-2.79M 155.88%
cost and expenses	487.44M -	473.38M 2.89%	449.52M 5.04%	533.27M 18.63%	895.89M 68.00%	1.02B 13.63%	875.03M 14.04%	1.09B 24.19%	1.46B 34.37%	1.54B 5.63%
operating expenses	125.68M -	125.76M 0.06%	137.49M 9.33%	139.24M 1.27%	270.93M 94.58%	330.39M 21.95%	246.58M 25.37%	312.08M 26.57%	409.28M 31.14%	406.70M 0.63%
interest expense			81.19M -	108.62M 33.79%	85.83M 20.99%	94.24M 9.80%	78.79M 16.39%	69.03M 12.39%	53.49M 22.50%	108.30M 102.45%
ebitda	-203.52M -	-264.85M 30.14%	-198.26M 25.14%	-110.91M 44.06%	-107.08M 3.45%	-147.85M 38.08%	-35.35M 76.09%	-68.92M 94.98%	-190.50M 176.39%	-129.21M 32.17%
operating income	-233.63M -	-300.49M 28.62%	-240.98M 19.80%	-157.28M 34.73%	-153.86M 2.18%	-232.80M 51.31%	-80.78M 65.30%	-114.50M 41.74%	-260.99M 127.94%	-208.91M 19.96%
depreciation and amortization	30.11M -	35.64M 18.35%	43.10M 20.93%	46.10M 6.97%	43.46M 5.74%	84.95M 95.47%	45.44M 46.52%	45.58M 0.31%	70.49M 54.67%	62.61M 11.18%
total other income expenses net	-27.78M -	-44.48M 60.12%	-13.81M 68.96%	-14.73M 6.66%	-22.59M 53.38%	-90.03M 298.55%	-98.05M 8.90%	-77.82M 20.63%	-53.00M 31.90%	-8.72M 83.54%
income before tax	-261.41M -	-344.97M 31.97%	-335.59M 2.72%	-280.63M 16.38%	-257.95M 8.08%	-322.83M 25.15%	-178.83M 44.61%	-192.32M 7.54%	-313.99M 63.26%	-306.04M 2.53%
income tax expense	574K -	707K 23.17%	729K 3.11%	636K 12.76%	1.54M 141.67%	633K 58.82%	256K 59.56%	1.05M 308.59%	1.10M 4.88%	1.89M 72.65%
net income	-217.62M -	-341.00M 56.70%	-279.66M 17.99%	-262.60M 6.10%	-241.75M 7.94%	-323.47M 33.80%	-179.09M 44.63%	-193.37M 7.97%	-315.09M 62.95%	-302.12M 4.12%
weighted average shs out	9.39M -	9.74M 3.73%	58.14M 496.86%	58.14M 0%	53.27M 8.37%	115.12M 116.11%	138.72M 20.50%	173.44M 25.03%	185.91M 7.19%	212.68M 14.40%
weighted average shs out dil	9.39M -	9.74M 3.71%	58.14M 496.83%	58.56M 0.73%	53.27M 9.03%	115.12M 116.11%	138.72M 20.50%	173.44M 25.03%	185.91M 7.19%	212.68M 14.40%
eps	-23.18 -	-35.01 51.04%	-4.81 86.26%	-4.52 6.03%	-4.54 0.44%	-2.81 38.11%	-1.29 54.09%	-1.11 13.95%	-1.69 52.25%	-1.42 15.98%
epsdiluted	-23.17 -	-35.01 51.10%	-4.81 86.26%	-4.48 6.86%	-4.54 1.34%	-2.81 38.11%	-1.29 54.09%	-1.11 13.95%	-1.69 52.25%	-1.42 15.98%

NYSE:BE

Bloom Energy Corporation

Last Close

10.67

08/11 21:00

Market Cap

2.91B

Beta: 2.86

Volume Today

21.67M

Avg: 2.57M

PE Ratio

−6.49

PFCF: −4.00

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