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Bloom Energy
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Short description

Developer of solid-oxide fuel cell technology for on-site power generation

Founded in 2002
Founded in

Company type Public Public (BE)
Company type

Industry Group energy & power

Sector hydrogen

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Sunnyvale, CA Sunnyvale, United States
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Updated by Cleantech Group on 06/05/2024

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Date Company
07/17/2020

Southern California Gas Company Southern California Gas Company

SoCoGas has begun powering two of its largest Los Angeles-area facilities with Bloom Energy solid oxide fuel cells.

Confirmed by Southern California Gas Company

Partnerships
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Date Partner Type
11/14/2024
American Electric Power (AEP) American Electric Power (AEP)
Supply agreement for up to one GW of fuel cell products, including 100 MW of fuel cells with expansion in 2025
View source    
Confirmed by American Electric Power (AEP)
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Investment Rounds
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IPO INFORMATION

Date

06/12/2018

IPO status

Listed

IPO Type

IPO

Amount

$270M

Initial shares

18000000

Ticker symbol

BE

Exchange listed

NYSE

Prospectus URL

Prospectus

Source URL

Source

Description

After frequent speculation, Bloom Energy publicly filed an S-1 registration statement related to its initial public offering on the New York Stock Exchange. The company has announced the pricing of its initial public offering of 18,000,000 shares of its Class A common stock at a price to the public of $15.00 per share. The offering is expected to close on July 27.

Date Investors Type Amount
05/24/2024 (0)
Post-money valuation of
Follow-on Public Offering $350,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

Energy Server

Distributed power generator with solid-oxide fuel cell technology that provides 200kW of power

Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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