Bloom Energy

Bloom Energy

Produces hydrogen fuel cells for clean energy

About Bloom Energy

Simplify's Rating
Why Bloom Energy is rated
B
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Energy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Jose, California

Founded

2001

Overview

Company Does Not Provide H1B Sponsorship

Bloom Energy produces and distributes clean energy solutions, focusing on sustainable power for data centers and businesses. Their main product is fuel cell technology, which generates carbon-free electricity from hydrogen. This technology also allows for the production of clean hydrogen using less electricity, supporting their goal of reducing carbon emissions and improving air quality. Bloom Energy's fuel cell platform can capture pure CO2, aiding in energy-efficient carbon capture. They offer fuel-flexible solutions to decrease dependence on fossil fuels and are exploring ways to convert greenhouse gases into clean energy. Unlike competitors, Bloom Energy emphasizes reliability and resilience through micro grids, ensuring uninterrupted power and stable energy costs. Their goal is to accelerate decarbonization and provide sustainable energy solutions.

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Simplify's Take

What believers are saying

  • Growing demand for hydrogen fuel cells in AI data centers boosts Bloom's market.
  • Partnerships for carbon capture technology enhance Bloom's sustainability offerings.
  • Corporate climate goals drive adoption of Bloom's fuel cell technology.

What critics are saying

  • Competition from companies like Plug Power may impact Bloom's market share.
  • Advancements in battery storage technology could threaten Bloom's fuel cell solutions.
  • Volatility in natural gas prices may affect Bloom's cost structure.

What makes Bloom Energy unique

  • Bloom Energy's fuel cells generate carbon-free electricity from hydrogen, reducing emissions.
  • The company offers fuel-flexible solutions, reducing reliance on dirty fuels.
  • Bloom Energy's microgrids provide reliable, uninterrupted power for data centers and businesses.

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Funding

Total Funding

$2484.4M

Above

Industry Average

Funded Over

10 Rounds

Notable Investors:
Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
PR Newswire
Apr 1st, 2025
Conagra Brands Collaborates With Bloom Energy To Utilize Fuel Cell Technology At Its Ohio Production Facilities

New Technology Leverages Renewable Energy Solutions and Advances Conagra's Climate Change GoalsCHICAGO, April 1, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) and Bloom Energy (NYSE: BE), a global leader in power solutions, today announced they will collaborate to utilize Bloom's fuel cell technology at Conagra's Troy and Archbold, Ohio production facilities. The 15-year PPA (power purchase agreement) will deploy approximately six megawatts and provide combustion-free electricity generation, supplying approximately 70% to 75% of the electricity needs at the Troy and Archbold facilities, while also projecting a 19% decrease in their greenhouse gas emissions. This initiative aligns with Conagra's 2030 science-based greenhouse gas reduction targets1, which have been validated by the Science Based Targets initiative, a leading corporate climate effort driving the transition to a zero-carbon economy. Bloom's fuel cells generate resilient, sustainable and predictable electricity without combustion, with "always-on" power reliability. Bloom's combustion-free fuel cells avoid the release of pollutants such as nitrogen oxides, carbon monoxide and other particulate matter typically associated with combustion-based power generation methods

MK
Feb 25th, 2025
Korea's No. 1 Economic Media

Bloom Energy, a global company in power solutions, announced successful cases of building a "Microgrid" at the 69th Energy Working Group Workshop under the first Asia-Pacific Economic Cooperation (APEC) Senior Official Meeting (SOM1) in 2025 held at the Hwabaek Convention Center (HICO) in Gyeongju on the 24th.

Power Magazine
Feb 13th, 2025
Bloom Energy, Chart Industries Announce Partnership for Carbon Capture

California-based Bloom Energy, known for its fuel cell technology, announced a partnership with industrial gas company Chart Industries that will see the companies collaborate on carbon capture technology.

PYMNTS
Jan 27th, 2025
Why Is Silicon Valley Spending A Fortune On Ai Data Centers?

This week, President Donald Trump and a small group of tech executives — OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle founder Larry Ellison — announced Stargate, a four-year, $500 billion project to build data centers and other artificial intelligence (AI) infrastructure in the U.S. MGX, a UAE AI sovereign fund, is also an equity holder. Technical partners are Nvidia, Arm, Microsoft, Oracle and OpenAI. Half a trillion dollars is a lot of money, even by Silicon Valley standards. According to IDC, the overall server market is forecasted to hit $1.3 trillion by 2028. The biggest builders of data centers include Amazon, Microsoft and Google Cloud as well as data center companies Digital Realty and Equinix

Pulse 2.0
Dec 14th, 2024
Bloom Energy: $125 Million Project Financing Deal Signed

"Bloom Energy is excited to launch this long-term partnership with HPS and IDF, two experienced and innovative companies when it comes to funding the rapidly changing energy transition.

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Bloom Energy is Hiring for 97 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Bloom Energy's jobs every few hours, so check again soon! Browse all jobs →

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