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Overview
Company Does Not Provide H1B Sponsorship
Bloom Energy provides on-site clean power for businesses and data centers using hydrogen fuel cells in microgrids. The core idea is to convert hydrogen into carbon-free electricity, while the system can also produce clean hydrogen and a pure CO2 stream for energy-efficient carbon capture. It offers fuel-flexible options and initiatives to use greenhouse gases for clean energy, reducing dependence on dirty fuels and strengthening decarbonization. The goal is to deliver reliable, affordable energy, lower emissions, and support decarbonization through hydrogen and carbon capture solutions.
About Bloom Energy
Industries
Hardware
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Jose, California
Founded
2001
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Simplify's Take
What believers are saying
- Bloom reported Q2 2026 revenue of $1.065 billion, up 166% year over year.
- Bloom raised 2026 guidance to $3.9 billion-$4.2 billion after June 30 Brookfield expansion.
- Bloom joined the S&P 500 on September 21, 2026, forcing passive index buying.
What critics are saying
- Bloom faces a July 2026 securities fraud suit over China-linked scandium sourcing; deadline September 28, 2026.
- Bloom must scale Fremont manufacturing toward 2 gigawatts by December 2026 without delivery slippage.
- Bloom depends on hyperscaler demand; a single Oracle or Brookfield project cancellation hurts revenue.
What makes Bloom Energy unique
- Bloom deploys onsite solid-oxide fuel cells in under 90 days, bypassing grid delays.
- Bloom serves data centers with fuel-flexible natural gas, biogas, hydrogen, and propane systems.
- Brookfield called Bloom the preferred onsite power provider for AI infrastructure on June 30, 2026.
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Funding
Total Funding
$31B
Above
Industry Average
Funded Over
19 Rounds
Kleiner PerkinsBenefits
Flexible Work Hours
Stock Price
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↓ -4%2 year growth
↓ -4%Bloom Energy, a producer of solid oxide fuel cells, has seen its stock rally 2,430% over the past two years. The company addresses growing power demands from AI-driven data centres by converting natural gas, biogas, propane, and hydrogen into electricity without combustion. Its systems can be deployed in under two months and bypass traditional power grids. Bloom's backlog reached $20 billion at the end of 2025, nearly ten times its full-year revenue. Analysts expect the company's revenue and adjusted EBITDA to grow at compound annual growth rates of 70% and 120%, respectively, from 2025 to 2028. The stock trades at $267, giving the company an enterprise value of $81 billion.
Two fuel cell companies are taking dramatically different approaches to the surging power demands of AI data centres, which are projected to consume 11.8% of total US electricity by 2030. Bloom Energy has secured $25 billion in financing from Brookfield Asset Management to pursue data centre projects aggressively. The company's solid oxide fuel cells convert natural gas, biogas, or hydrogen directly into electricity on-site, bypassing the grid entirely. CEO KR Sridhar stated that every major US hyperscaler and over a dozen AI labs have approved Bloom's solutions, calling it "a standard for AI onsite power". Meanwhile, Plug Power is largely avoiding the data centre market, choosing instead to focus on existing hydrogen businesses whilst working towards profitability.
Bloom Energy, a company founded in 2001, is emerging as a potential beneficiary of the AI infrastructure boom through its solid-oxide fuel-cell technology. After years of development, the company appears to be shifting from unprofitable technology provider to commercial success. The energy firm generated $2.2 billion in revenue in 2025. Growth accelerated dramatically in 2026, with second-quarter revenue reaching $1.1 billion, up 166% year-over-year. Critically, Bloom Energy achieved net profit in the first two quarters of 2026, marking a significant turnaround from 2025's losses. The company is securing relationships with major technology firms, data centre operators, and infrastructure players, including Oracle. These enterprise customers signal confidence in Bloom Energy's economics, reliability, and long-term performance capabilities as AI infrastructure demands increase.
Bloom Energy will join the S&P 500 Index on 21 September, S&P Global announced. The addition is expected to drive significant gains as ETFs and hedge funds buy shares following the inclusion. The company provides power for data centres within 90 days using fuel cells that run on natural gas, biogas, or green hydrogen. This flexibility allows operators to start with natural gas and transition to cleaner energy later. Bloom's customer roster includes Oracle, Nebius, Equinix, Walmart, Home Depot, Honda, and AT&T. In Q2 2026, revenue grew over 165% year-over-year to $1.065 billion, whilst operating income reached $182.2 million compared to a $3.5 million loss in Q2 2025. The company is positioned to benefit from data centre expansion and potential hydrogen truck adoption in Europe.
Bloom Energy shares rose 5.1% to $265.70 in premarket trading after the company confirmed its addition to the S&P 500 Index, effective 21 September. The inclusion will require index-tracking funds and ETFs to adjust their holdings accordingly. Bloom Energy will be the first energy company added to the S&P 500 since 2022. UBS analyst Manav Gupta raised his price target to $325 from $300, maintaining a Buy rating, citing expectations of increased passive fund ownership following index membership. The development follows Bloom Energy's second-quarter 2026 results, which showed revenue of $1.07 billion, more than double the year-earlier period and exceeding Wall Street estimates. The company operates in the fuel cell and clean-power market.
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About Bloom Energy
Industries
Hardware
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Jose, California
Founded
2001
Bloom Energy is Hiring for 168 Jobs on Simplify!
Find jobs on Simplify and start your career today