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.
- Product Revenue - Sells advanced energy platforms like the Bloom Energy Server® for efficient electricity generation and the Bloom Electrolyzer™ for hydrogen production.
- Service Revenue - Provides maintenance and operational services for its energy platforms to ensure optimal performance and reliability.
- Installation Revenue - Offers installation services for deploying its energy platforms at customer sites.
- Electricity Revenue - Delivers electricity services generated through its energy platforms to customers.
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| Name | Position | External Roles | Short 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. | View Report → |
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. |
- 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?
- 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?
- 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?
- 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?
- 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
Dushyant Ailani
Jefferies
5 questions for BE
Manav Gupta
UBS Group
5 questions for BE
Noel Parks
Tuohy Brothers
5 questions for BE
Sherif Elmaghrabi
BTIG
5 questions for BE
Ameet Thakkar
BMO Capital Markets
4 questions for BE
Andrew Percoco
Morgan Stanley
4 questions for BE
Christopher Dendrinos
RBC Capital Markets
4 questions for BE
Christopher Senyek
Wolfe Research
4 questions for BE
Henry Roberts
Truist Securities
4 questions for BE
Dimple Gosai
Bank of America
3 questions for BE
Kashy Harrison
Piper Sandler
2 questions for BE
Michael Blum
Wells Fargo & Company
2 questions for BE
Brett Castelli
Morningstar
1 question for BE
Chris Dendrinos
RBC Capital Markets
1 question for BE
Chris Senyek
Wolfe Research, LLC
1 question for BE
David Arcaro
Morgan Stanley
1 question for BE
David Benjamin
Mizuho Securities USA LLC
1 question for BE
Davis Sunderland
Baird
1 question for BE
Maheep Mandloi
Mizuho Financial Group
1 question for BE
Martin Malloy
Johnson Rice
1 question for BE
Michael Fairbanks
J.P. Morgan Chase & Co.
1 question for BE
Skye Landon
Rothschild & Co Redburn
1 question for BE
Tim Moore
EF Hutton
1 question for BE
| Customer | Relationship | Segment | Details |
|---|---|---|---|
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.
| Company | Year | Details |
|---|---|---|
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.
- Brookfield Asset Management is investing up to $5 billion in Bloom Energy's fuel cell technology to power data centers for the growing artificial intelligence (AI) sector, with plans to develop AI factories globally.
- Following this strategic partnership, Bloom Energy's shares surged as much as 36% in premarket trading, reflecting strong investor confidence.
- Bloom Energy's financial profile includes $1,630.06 million in revenue, an operating margin of 4.45%, a net margin of 1.45%, and a strong current ratio of 4.99.
- Bloom Energy and Brookfield have formed a $5 billion strategic partnership to develop AI infrastructure, with Brookfield investing up to this amount to deploy Bloom's advanced fuel cell technology.
- Bloom Energy will serve as the preferred onsite power provider for Brookfield's global AI factories, addressing the massive power demands of artificial intelligence.
- This partnership marks Brookfield's initial investment through its dedicated AI Infrastructure strategy, focusing on integrated compute, power, and data center architecture.
- The collaboration aims to redefine how AI factories are built and powered, with a site in Europe expected to be announced before the end of the year.
- 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.
- 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.
- 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.
- 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.