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    Bloom Energy (BE)

    Bloom Energy Corporation is a leading provider of stationary fuel cell power generation and distributed energy technology solutions. The company designs and manufactures advanced energy platforms, including the Bloom Energy Server® for electricity generation and the Bloom Electrolyzer™ for hydrogen production. Bloom Energy aims to deliver clean, reliable, and affordable energy to businesses and critical infrastructure worldwide.

    1. Product Revenue - Sells advanced energy platforms like the Bloom Energy Server® for efficient electricity generation and the Bloom Electrolyzer™ for hydrogen production.
    2. Service Revenue - Provides maintenance and operational services for its energy platforms to ensure optimal performance and reliability.
    3. Installation Revenue - Offers installation services for deploying its energy platforms at customer sites.
    4. Electricity Revenue - Delivers electricity services generated through its energy platforms to customers.

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    NamePositionExternal RolesShort Bio

    KR Sridhar

    ExecutiveBoard

    Founder, Chairman, and Chief Executive Officer

    Strategic Limited Partner, Kleiner Perkins

    KR Sridhar is the Founder, Chairman, and Chief Executive Officer of Bloom Energy since 2002, where he has driven the company’s growth and innovation. Previously, he served as a professor at the University of Arizona and as an advisor to NASA, and he has been a Strategic Limited Partner at Kleiner Perkins since 2009.

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    Aman Joshi

    Executive

    Chief Commercial Officer

    Aman Joshi is the Chief Commercial Officer at Bloom Energy since January 2024. Previously, he spent over 22 years at General Electric in various leadership roles.

    Carlton Cottuli

    Executive

    Head of Development Engineering

    Head of Development Engineering since April 2022, previously served as Vice President of System Engineering (July 2018 to April 2022) and Architect Mission Critical Systems (April 2012 to July 2018).

    Daniel Berenbaum

    Executive

    Chief Financial Officer

    CFO at BE since April 29, 2024, where he leads the finance organization; previously, he served in executive roles at companies like National Instruments, Micron Technology, and others.

    Deepak Shukla

    Executive

    Head of Service and Systems Operations

    Deepak Shukla is the Head of Service and Systems Operations at BE since February 2022, previously serving as Vice President of Service (2012-2022) and Senior Director of Technology Support (2008-2012), with over 30 years of experience in the energy industry.

    James Roth

    Executive

    Head of Government Affairs and Policy

    James Roth is the Head of Government Affairs and Policy at Bloom Energy (BE) since May 2023, with over 20 years of experience in public affairs and policy.

    Karen Maxwell

    Executive

    Head of Quality and Reliability

    Karen Maxwell is the Head of Quality and Reliability at Bloom Energy since April 2024, bringing over 35 years of expertise in manufacturing and quality across multiple industries.

    Natalie Sunderland

    Executive

    Chief Marketing Officer

    Natalie Sunderland is the Chief Marketing Officer at Bloom Energy since December 2024, bringing over 20 years of strategic marketing experience. She previously held various strategic marketing roles in Silicon Valley, demonstrating her ability to transform companies.

    Ravi Prasher

    Executive

    Chief Technology Officer

    Ravi Prasher is the Chief Technology Officer at Bloom Energy since October 2022 and a seasoned technologist, researcher, and professor with extensive experience across academia, government, and industry.

    Satish Chitoori

    Executive

    Chief Operations Officer (COO)

    Satish Chitoori has been the Chief Operations Officer at Bloom Energy since April 2024. Previously, he served as Senior Vice President – Global Supply Chain Management from 2019 to April 2024, bringing over 22 years of experience in global operations and supply chain management.

    Shawn M. Soderberg

    Executive

    Chief Legal Officer (CLO) and Corporate Secretary

    Shawn M. Soderberg has served as the Chief Legal Officer (CLO) and Corporate Secretary at BE since January 2016, leading the company’s legal, regulatory, and compliance activities. Previously, she held executive roles such as EVP, General Counsel and Secretary at Bio-Rad Laboratories from 2013 to 2016.

    Sonja Wilkerson

    Executive

    Chief People Officer

    Member of the Board of Directors of Koppers Holdings Inc.

    Sonja Wilkerson has been the Chief People Officer at Bloom Energy since January 2019, bringing over 30 years of human resources leadership experience. Additionally, she serves as a member of the Board of Directors of Koppers Holdings Inc. since 2018.

    Barbara Burger

    Board

    Director

    Emerald Technology Ventures Advisory Council; Energy Impact Partners; Epicore Biosystems; Lazard Ltd.; Marunouchi Innovation Partners; Sparkz, Inc.; Syzygy Plasmonics; Milestone Environmental Services Board of Managers; Revterra Director

    Barbara Burger joined Bloom Energy’s Board of Directors in August 2024 and serves as a Class II Director. Previously, she held leadership roles at Chevron, including President of Chevron Technology Ventures and Vice President of Innovation.

    Cynthia (CJ) Warner

    Board

    Director

    Board Member at Chevron Corporation; Board Member at Sempra

    Cynthia (CJ) Warner has served as Director at Bloom Energy since June 2023. She has a distinguished 40-year career in traditional and renewable energy, including roles as President and CEO at Renewable Energy Group and executive roles at Andeavor and Sapphire Energy.

    Eddy Zervigon

    Board

    Director

    CEO of Quantum Xchange; Special Advisor at Riverside Management Group

    Eddy Zervigon has served as Director at Bloom Energy since October 2007 while also serving on the Audit Committee as an Audit Committee Financial Expert and as Chair of the Nominating Committee. He brings extensive expertise in global finance, cybersecurity, and corporate governance from his leadership roles at Quantum Xchange and Riverside Management Group.

    Gary Pinkus

    Board

    Director

    Director, Sackville Capital; Trustee, Wake Forest University Board of Trustees; Trustee, US Ski and Snowboard Foundation Board of Trustees

    Gary Pinkus has been a Director at Bloom Energy since June 2024 and brings extensive strategic leadership experience from nearly 40 years at McKinsey & Company.

    Jeffrey Immelt

    Board

    Lead Independent Director

    Venture Partner at New Enterprise Associates; Board Member at Twilio Inc.; Board Member at Desktop Metal, Inc.; Board Member at NeueHealth, Inc.

    Jeffrey Immelt is the Lead Independent Director at Bloom Energy since January 2019 and also serves as the Chair of the Compensation Committee. Previously, he was the Chairman and CEO of General Electric from 2001 to 2017.

    John T. Chambers

    Board

    Director

    Founder & CEO of JC2 Ventures (2017 – Present); Chairman of the US-India Strategic Partnership Forum; Global Ambassador of the French Tech

    John T. Chambers has been a Director at Bloom Energy since August 2018 and serves on the Compensation Committee. Previously, he held key leadership roles at Cisco Systems, including CEO, Chairman, and Executive Chairman.

    Mary K. Bush

    Board

    Director

    President, Bush International, LLC

    Mary K. Bush has been a Director at Bloom Energy since January 2017 and serves as the Chair of the Audit Committee, playing a key role in guiding the company's financial oversight. She brings extensive international finance and governance experience through her long-running role as President of Bush International, LLC.

    Michael J. Boskin

    Board

    Director

    CEO and President of Boskin & Co., Inc.; Board member at Oracle Corporation; Co-President of the Koret Foundation

    Michael J. Boskin has been a Director at Bloom Energy since November 2019. He is a distinguished economist with a lengthy career in academia and active in corporate governance, including his roles as CEO and President of Boskin & Co., Inc., board member at Oracle Corporation, and Co-President of the Koret Foundation.

    1. Given your recent Oracle deal and the rapid deployment of fuel cell systems within 90 days, how do you plan to safeguard against potential installation delays or cancellations as customer demand fluctuates?
    2. With plans to double manufacturing capacity from one gigawatt to two gigawatts, what specific operational or supply chain challenges do you foresee in achieving this ambitious ramp-up within the next six to twelve months?
    3. In an environment where traditional gas turbines remain a prevalent alternative, how do you justify the long-term operating margin improvements and reliability of Bloom’s modular power systems compared to these legacy solutions?
    4. Amid evolving tax credit frameworks and domestic content bonus adjustments, what strategies are you considering to manage potential impacts on pricing and to maintain competitive margins?
    5. As you expand internationally into markets like Taiwan, Germany, and the UK, what concrete measures are you implementing to address differing regulatory, permitting, and market readiness challenges compared to your domestic operations?

    Research analysts who have asked questions during Bloom Energy earnings calls.

    Colin Rusch

    Oppenheimer & Co. Inc.

    5 questions for BE

    Also covers: AEVA, ALB, AMPX +21 more

    Dushyant Ailani

    Jefferies

    5 questions for BE

    Also covers: ADM, BLDP, CLNE +4 more

    Manav Gupta

    UBS Group

    5 questions for BE

    Also covers: ADM, AMTX, BG +33 more

    Noel Parks

    Tuohy Brothers

    5 questions for BE

    Also covers: BEEM, BLNK, CHRD +19 more

    Sherif Elmaghrabi

    BTIG

    5 questions for BE

    Also covers: DHT, FIP, FRO +10 more

    Ameet Thakkar

    BMO Capital Markets

    4 questions for BE

    Also covers: BLDP, FLNC, NOVA +6 more

    Andrew Percoco

    Morgan Stanley

    4 questions for BE

    Also covers: ENPH, FLNC, FSLR +8 more

    Christopher Dendrinos

    RBC Capital Markets

    4 questions for BE

    Also covers: CHPT, EVGO, FLNC +5 more

    Christopher Senyek

    Wolfe Research

    4 questions for BE

    Also covers: ECG, EVR, NATL +2 more

    Henry Roberts

    Truist Securities

    4 questions for BE

    Also covers: AMTX, BLDP, GPRE +3 more

    Dimple Gosai

    Bank of America

    3 questions for BE

    Also covers: ARRY, CWEN, ENPH +6 more

    Kashy Harrison

    Piper Sandler

    2 questions for BE

    Also covers: AMRC, ARRY, BLDP +13 more

    Michael Blum

    Wells Fargo & Company

    2 questions for BE

    Also covers: CQP, DTM, EPD +13 more

    Brett Castelli

    Morningstar

    1 question for BE

    Also covers: AYI, ULS

    Chris Dendrinos

    RBC Capital Markets

    1 question for BE

    Also covers: ENPH, EVGO, FLNC +5 more

    Chris Senyek

    Wolfe Research, LLC

    1 question for BE

    Also covers: NATL, PWR

    David Arcaro

    Morgan Stanley

    1 question for BE

    Also covers: AEP, AES, ATO +31 more

    David Benjamin

    Mizuho Securities USA LLC

    1 question for BE

    Also covers: ARRY

    Davis Sunderland

    Baird

    1 question for BE

    Also covers: CWT, WTRG

    Maheep Mandloi

    Mizuho Financial Group

    1 question for BE

    Also covers: ARRY, CSIQ, ENLT +9 more

    Martin Malloy

    Johnson Rice

    1 question for BE

    Also covers: BLDP, EOSE, GIFI +6 more

    Michael Fairbanks

    J.P. Morgan Chase & Co.

    1 question for BE

    Also covers: ORA, SHLS

    Skye Landon

    Rothschild & Co Redburn

    1 question for BE

    Tim Moore

    EF Hutton

    1 question for BE

    Also covers: AMPS, AMSC, ARQ +11 more
    CustomerRelationshipSegmentDetails

    SK ecoplant Co., Ltd.

    Strategic power generation/distribution partner; became a related party in September 2023 holding 10.5% of Class A common stock

    All

    23% of total revenue for FY 2024 , 28% of accounts receivable as of December 31, 2024 , with at least 500 MW purchase commitments from 2022–2024 and an additional 250 MW through 2027.

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    PPA V

    2023

    PPA V was acquired on August 10, 2023 for $6.9 million by purchasing all of Solar TC Corp.'s interest, followed by a debt repayment of $119.0 million and a subsequent sale of its 100% interest to a financier; the transaction included an equity treatment and asset impairment of $123.7 million, highlighting significant restructuring and financial adjustments.

    Bloom Energy Japan Limited

    2021

    Bloom Energy Japan Limited became wholly owned on July 1, 2021 when Bloom Energy acquired SoftBank Corp.'s 50% interest for a cash payment of $2.0 million and a contingent consideration of up to $3.6 million, resulting in the recognition of $1.7 million in goodwill and a $2.0 million gain on re-measurement, thereby strengthening its market presence in Japan.

    Recent press releases and 8-K filings for BE.

    Bloom Energy Discusses Fuel Cell Technology and Market Advantages
    ·$BE
    New Projects/Investments
    • Bloom Energy has deployed over 1.5 gigawatts of its fuel cell technology across 1,200 locations worldwide, including a major deal for up to 1 gigawatt with AEP and over 400 megawatts in data centers, notably Equinix.
    • The company emphasizes its fuel cells as a primary power source, highlighting competitive advantages such as rapid deployment (units on-site in 90 days), high reliability (requiring only 9% overbuild for 99.9% availability), and a 15-25% lower total cost of ownership over five years for a 100 MW data center due to efficiency and reduced overbuild.
    • Bloom's 6th generation fuel cell technology boasts a lifetime average efficiency of 54%, is water neutral, and non-combustion, leading to zero air pollution and a 35% CO2 mitigation.
    • Manufacturing capacity stands at 1 gigawatt annually, with the ability to scale rapidly, and the fuel cells have a median life of 5.5 years before replacement, with 98% of materials recycled.
    Aug 4, 2025, 7:24 PM
    Bloom Energy Announces Oracle Partnership and Fuel Cell Capabilities
    ·$BE
    New Projects/Investments
    Product Launch
    • Bloom Energy announced a partnership with Oracle to power AI data centers using its fuel cell technology, highlighting 90-day deployment and 99% uptime.
    • The company has 1.5 gigawatts of fuel cells deployed globally across 1,200 sites, with over 400 megawatts dedicated to data centers.
    • Bloom's fuel cells are now price competitive, offering 15% to 25% lower total cost of ownership over five years for data centers compared to other solutions.
    • Bloom's manufacturing capacity is approximately one gigawatt per year, serving customers globally.
    • The fuel cells are fuel flexible, capable of running on natural gas, biogas, or hydrogen.
    Aug 4, 2025, 7:24 PM
    Bloom Energy exchanges 2025 convertible notes for 2029 convertible notes
    ·$BE
    Debt Issuance
    • Bloom Energy Corporation announced an exchange of approximately $112.8 million in aggregate principal amount of its 2.50% Green Convertible Senior Notes due 2025 for approximately $115.7 million in aggregate principal amount of its 3.00% Green Convertible Senior Notes due 2029.
    • This exchange, which is expected to settle around May 13, 2025, will result in approximately $2.2 million of the 2025 Notes remaining outstanding and approximately $518.2 million of the 2029 Notes outstanding (including previously issued notes).
    • The 2029 Convertible Notes are senior, unsecured obligations that accrue interest at a rate of 3.00% per annum, payable semi-annually, and will mature on June 1, 2029.
    • The initial conversion price for the 2029 Notes is approximately $20.84 per share of Class A common stock.
    May 13, 2025, 12:00 AM
    Bloom Energy Exchanges Convertible Notes
    ·$BE
    Debt Issuance
    • Bloom Energy Corporation announced an exchange of approximately $112.8 million in aggregate principal amount of its 2.50% green convertible senior notes due 2025 for approximately $115.7 million in aggregate principal amount of new 3.00% green convertible senior notes due 2029.
    • The exchange agreements were entered into on May 7, 2025, with settlement expected on or about May 13, 2025.
    • Following the exchange, the aggregate principal amount of the 2025 Convertible Notes outstanding will be approximately $2.2 million, and the 2029 Convertible Notes outstanding will be approximately $518.2 million.
    • The 2029 Convertible Notes mature on June 1, 2029, accrue interest at 3.00% per annum, and have an initial conversion price of approximately $20.84 per share. Bloom Energy will not receive any cash proceeds from this exchange transaction.
    May 8, 2025, 12:00 PM