Summer 2026
Posted on 4/30/2026
Hydrogen fuel cell-based microgrid provider
$36 - $50/hr
No H1B Sponsorship
San Jose, CA, USA
In Person
On-site only at San Jose, CA; internship runs 10 weeks starting June 8 or 15.
Bachelor's, Master's, MBA
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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.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Jose, California
Founded
2001
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Flexible Work Hours
Bloom Energy manufactures on-site power generators that convert natural gas, biogas, or hydrogen into electricity without combustion. The company's "Bloom Boxes" use an electrochemical process to deliver higher efficiency and lower emissions than traditional power sources. The technology addresses growing power demands from AI data centres. With grid-connection wait times exceeding five years, Bloom's behind-the-meter solution allows companies to generate their own electricity and contribute excess power back to the grid. Bloom Energy has shown rapid growth, with Q2 2026 revenue reaching $1.065 billion. The company has delivered an average earnings surprise of 164.10% over the past four quarters. In August, Nancy Pelosi disclosed owning 15,000 shares valued at over $10 million. The stock recently broke a multi-month downtrend on heavy volume.
Bloom Energy and Eos Energy Enterprises both serve the growing energy infrastructure sector, but target different markets. Bloom provides onsite power through solid oxide fuel cell technology for data centres and utilities, whilst Eos offers zinc-based long-duration energy storage for renewable energy grids. Bloom reported revenue exceeding $2 billion in fiscal 2025, representing approximately 37% growth, though it posted a net loss of roughly $88.4 million. The company maintains partnerships including a $5 billion financing framework with Brookfield. Eos achieved revenue of approximately $114.2 million in 2025, a 630% increase year-over-year, but reported a significantly wider net loss of nearly $1.75 billion as it ramped up commercial manufacturing. Both companies face distinct risks. Bloom contends with pending securities litigation and supply chain dependencies linked to China. Eos confronts ongoing losses, reliance on external capital, and competition from larger battery manufacturers. For 2026, Bloom expects revenue to leap 85% to $3.75 billion, driven by AI data centre demand. Eos projects revenue to more than double, with management citing a $25 billion business pipeline.
Bloom Energy and NuScale Power offer contrasting approaches to meeting surging electricity demand from AI and data centers. Bloom Energy manufactures on-site power systems using solid oxide fuel cell technology, whilst NuScale Power develops small modular nuclear reactors. Bloom Energy generated over $2 billion revenue in FY 2025, up 37% year-on-year, though it posted an $88.4 million net loss. The company recently established a $5 billion clean energy financing framework with partners including American Electric Power and Brookfield Corp. Revenue is projected to reach $3.75 billion in fiscal 2026. NuScale Power reported $31.5 million revenue in FY 2025, down 15%, with losses of $356 million. The company holds US Nuclear Regulatory Commission design certification but has no binding contracts for power module delivery. Bloom Energy carries a 3.9x debt-to-equity ratio but maintains positive free cash flow of $57.2 million. NuScale has zero debt but negative free cash flow exceeding $460 million. Both companies face ongoing class action litigation filed in 2026.
Nvidia CEO Jensen Huang warned that securing power for AI data centres can take two to three years, creating potential opportunities for companies offering faster alternatives. Evercore ISI analyst Nicholas Amicucci identified Bloom Energy as a potential beneficiary, noting the company's onsite fuel cells can bypass lengthy grid connection waits. Bloom says its first system under an Oracle partnership became operational in just 55 days. Oracle has contracted an initial 1.2 GW of Bloom capacity, with agreements allowing procurement of up to 2.8 GW. Nvidia is investing in power infrastructure, providing credit support for 4.25 gigawatts of capacity at SB Energy's Ohio data-centre campus and investing $1.5 billion in the developer. Bloom reported second-quarter revenue of $1.07 billion, up 165.5% year over year.
Bloom Energy's stock surges amid AI power demand and solid partnerships. Key points. * Bloom Energy's stock rose 6.8% this week, driven by AI data center energy demands. * The company expanded its partnership with MiTAC for a fuel cell microgrid in California. * Bloom's Q2 profit and improved revenue guidance reflect strong investor confidence. * Upcoming Q3 earnings will be critical for assessing Bloom's contract fulfillment. Bloom Energy (BE) has seen a significant rise in its stock value, with a 6.8% increase over the past week, reflecting investor enthusiasm driven by growing energy demands from AI data centers. These facilities require an immense amount of power, and Bloom's solid oxide fuel cells present a viable onsite electricity generation solution, standing out in an industry where the electric grid is struggling to keep up with demand. This week, Bloom Energy announced the expansion of its partnership with MiTAC, a move that will see the deployment of a fuel cell microgrid at MiTAC's AI server campus located in Fremont, California. This development follows a substantial partnership with Oracle, which could yield up to 2.8 gigawatts of power. Such partnerships signal that major tech players are starting to treat Bloom's offerings as a genuine alternative to traditional grid power sources, rather than just a supplementary option. In terms of financial performance, Bloom has reported a swing to profitability in Q2, raising its full-year revenue guidance to a forecast of $3.9 billion to $4.2 billion. CEO KR Sridhar highlighted that major AI labs and hyperscalers have validated Bloom's power solutions for their operations, underscoring the market's recognition of the company's capabilities. Despite the impressive returns, with Bloom's shares rallying over 300% in the past year, analysts remain cautious. The company's current valuation has raised questions about whether it is overvalued, particularly considering the robust competition emerging in the sector. Analysts project a target price of $249 for BE stock, representing a potential upside of 14.2% over the next 2.3 years, although this is seen as conservative compared to the company's actual revenue growth trends. Bloom's gross margin currently stands at 31.7%, and the EBIT margin has improved to 11.7%, indicating the company is on the right path in terms of financial health. However, the competitive landscape is tightening, with rivals like Plug Power and GE Vernova expanding their footholds in the hydrogen and fuel cell markets. While Bloom's technology addresses a critical power generation bottleneck, its long-term pricing power could be challenged as new entrants come into play. Looking ahead, Bloom's key focus will be scaling its manufacturing capacity, with plans to double production at its Fremont facility from 1 gigawatt to 2 gigawatts by the end of 2026. The company has a substantial backlog that has grown to $20 billion, with $6 billion in product backlog, indicating robust demand for its solutions. The third quarter earnings report, expected later in October, will be critical in determining how effectively Bloom can convert its backlog into realized revenue. Investors are particularly interested in the speed of this conversion and any updates regarding the Fremont capacity expansion timeline. In summary, Bloom Energy is well-positioned in the rapidly growing sector of onsite power generation, driven by the increasing needs of AI data centers. However, the company must carefully navigate competitive pressures and deliver on its backlog to maintain investor confidence and justify its premium valuation. August 28, 2026 at 09:00 AM Fremont, United States