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March 31, 2015 3:19 AM ET

Electrical Equipment

Company Overview of Bloom Energy Corporation

Company Overview

Bloom Energy Corporation manufactures on-site power generation systems (distributed power generators) that generate electricity. It serves Fortune 500 companies, including retail and logistics, technology, banking and financial services, real estate, manufacturing, food and beverages, data centers, biotechnology and healthcare, government and military, residential, nonprofits and universities, and entertainment markets through retailers and suppliers worldwide. Bloom Energy Corporation was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in 2006. The company was founded in 2001 and is based in Sunnyvale, California.

1299 Orleans Drive

Sunnyvale, CA 94089

United States

Founded in 2001

Phone:

408-543-1500

Fax:

408-543-1501

Key Executives for Bloom Energy Corporation

Co-Founder, Chief Executive Officer, Principal and Director
Co-Founder
Co-Founder
Chief Financial Officer and Chief Commercial Officer
Age: 56
Chief Operations Officer
Compensation as of Fiscal Year 2014.

Bloom Energy Corporation Key Developments

The Stop & Shop Supermarket Company LLC Installs Bloom Energy Fuel Cell in Mt. Vernon, New York Supermarket

The Stop & Shop Supermarket Company LLC, a division of Ahold USA, announced that a Bloom Energy fuel cell will power the company's Mt. Vernon, New York store. The 250 kW system at Stop & Shop in Mt. Vernon will generate more than 2 million kWh each year, resulting in carbon reductions of more than 700,000 lbs. of CO2 annually. Bloom Energy's solid oxide fuel cell converts fuel into electricity through a highly efficient electrochemical process, instead of combustion, to provide on-site, clean and reliable power. These fuel cell projects are the latest addition to Stop & Shop's clean and renewable energy portfolio that also includes solar panel systems on the roofs on 38 of its stores, capable of generating 9.5 million kWh each year. As part of its Better Neighbor Promise to care for the environment, Stop & Shop has a goal to reduce its carbon footprint by 20% by 2015 using 2008 as a baseline. This project supports the company's carbon reduction goals and continues to deliver electricity even through grid outages, like those experienced in the aftermath of Superstorm Sandy. Stop & Shop is also committed to building energy efficient and sustainable stores. It has a goal to reach Zero waste by the year 2020. This means that at least 90% of the waste generated by its stores will be diverted from landfills. Support for this project was provided by the New York State Energy Research and Development Authority.

Morgan Stanley Installs Bloom Energy Fuel Cells at Purchase, NY Facility

Morgan Stanley unveiled a new fuel cell system manufactured by Bloom Energy. The system, which was installed at the firm's headquarters facility at 2000 Westchester Avenue in Purchase, NY, is now operational and supplying energy to the building. The fuel cell system, along with a solar panel field completed earlier this year, are the latest in a series of initiatives to improve the facility's energy efficiency and resiliency. The Bloom Energy fuel cell system produces electricity without burning fossil fuels, thus reducing emission of greenhouse gases. It will supply approximately 250 kilowatts (kW) of constant base load power to the facility, as well as grid-independent electricity to power portions of the building's critical load during grid outages.

Steve Case Joins Bloom Energy Corporation's Board of Directors

Bloom Energy Corporation appoints Steve Case, co-founder of AOL, and chairman and CEO of Revolution LLC to the Bloom Energy Board of Directors. Steve Case is legendary for his role in growing AOL into America's premier on-line brand, making the internet part of daily life, for his support of entrepreneurship as chair of the Startup America Partnership, and as an influential investor in disruptive companies through Revolution LLC.

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