Bloom Energy Corporation (NYSE: BE) is a company that designs, manufactures, and sells solid oxide fuel cell systems for on-site power generation. Founded in 2001 and headquartered in San Jose, California, Bloom Energy's mission is to make clean, reliable energy affordable for everyone in the world.
Bloom's core product is the Energy Server, a fuel cell-based power generation platform that converts fuel into electricity through an electrochemical process without combustion. The Energy Servers can run on natural gas, biogas, hydrogen, or blends of these fuels. As of March 2024, Bloom had deployed over one gigawatt of its Energy Servers across more than 1,200 sites in seven countries.
The company offers its Energy Servers for various applications including primary power generation, microgrids, combined heat and power, waste-to-energy, and marine power. In recent years, Bloom has expanded into the hydrogen market with the introduction of its electrolyzer product for clean hydrogen production. The company sees significant opportunities in providing power solutions for data centers and AI computing facilities.
In 2023, Bloom Energy reported annual revenue of USD 1.33 billion. The company has been making progress on reducing costs and improving the efficiency of its fuel cell technology. As of July 2024, Bloom Energy had approximately 2,380 employees.
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