Bloom Energy manufactures and deploys solid oxide fuel cell systems that generate electricity and hydrogen on-site for commercial, industrial, and utility customers. Their modular energy platforms convert a variety of fuels into reliable, low-emission power with high efficiency and resilience, offering an alternative to grid reliance and diesel generation. Bloom’s integrated offering combines hardware, software for monitoring and optimization, and long-term service agreements that reduce lifecycle costs. The company targets data centers, manufacturing, healthcare, and large commercial customers seeking cleaner, resilient distributed energy and hydrogen solutions as part of decarbonization strategies.
What Is Bloom Energy and What Does It Do?
Bloom Energy, founded in 2001 by K R Sridhar, is a San Jose–based (United States) energy-tech company that develops solid oxide fuel cells and hydrogen solutions to produce distributed electricity and hydrogen at customer sites. Bloom Energy employs 376 people and designs modular energy systems that scale from kilowatts to megawatts.
Its platform integrates fuel-flexible SOFC stacks, power electronics, and a cloud-connected operations suite to deliver resilient, efficient on-site power and emerging hydrogen production. Bloom partners with enterprises and utilities to decarbonize energy use, provide backup power, and support grid services through distributed clean generation.
How Much Funding Has Bloom Energy Raised?
1. Post IPO
- Amount Raised: $230M
- Date: August 07, 2020
- Lead Investors: (Institutional / strategic participants)
- Motivation: Scale manufacturing and commercial deployments.
2. Series H
- Amount Raised: $130M
- Date: January 01, 2015
- Lead Investors: New Enterprise Associates, DAG Ventures, Kleiner Perkins, others
- Motivation: Factory expansion and product commercialization.
Total Funding Raised: $973 Million
Latest Funding Date: August 07, 2020
Key Investors
1. New Enterprise Associates (NEA)
- Details: Large venture firm backing deep-tech and energy transition startups.
- Investment Focus Areas: Clean energy, hardware, enterprise tech.
- Notable Investments: Bloom Energy, Uber, Tableau, Cloudflare, Robinhood.
2. DAG Ventures
- Details: Growth and venture investor with a history in hardware and energy.
- Investment Focus Areas: Energy tech, enterprise software, hardware.
- Notable Investments: Bloom Energy, Grubhub, Evernote.
3. Exelon (strategic)
- Details: Major energy company partnering on pilots and deployments.
- Investment Focus Areas: Utilities, distributed energy resources, grid services.
- Notable Investments / Partnerships: Strategic collaborations for customer deployments.
Where Is Bloom Energy’s Headquarters?
Bloom Energy is headquartered in San Jose, United States, situated in a major innovation cluster for cleantech and hardware engineering.
What’s Next for Bloom Energy?
Bloom will focus on scaling manufacturing, commercializing hydrogen solutions, expanding service offerings, and deepening enterprise and utility partnerships to accelerate decarbonization and distributed energy adoption.
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