August 26, 2016 4:50 PM ET

Electrical Equipment

Company Overview of Bloom Energy Corporation

Company Overview

Bloom Energy Corporation manufactures and installs on-site distributed power generators worldwide. The company provides solid oxide fuel cell technology to generate onsite power from various fuel sources. It serves Fortune 500 companies and non-profit organizations. Bloom Energy Corporation was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in September 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
Age: 62
Chief Operations Officer
Compensation as of Fiscal Year 2016.

Bloom Energy Corporation Key Developments

Hyatt Hotels Corporation Announces New Relationship with Bloom Energy

Hyatt Hotels Corporation announced a new relationship with Bloom Energy. Hyatt Regency Greenwich has been selected as the recipient of Hyatt’s first 500kW fuel cell, which will provide up to 75% of the hotel’s energy load, generating significant cost savings. By generating its own electricity on-site with Bloom Energy, the hotel will reduce its carbon emissions by 40% compared to electricity purchased from the grid.

Constellation and Bloom Energy to Jointly Develop Fuel Cell Projects

Constellation Energy Resources LLC and Bloom Energy Corp. are partnering again to develop 40 MW of fuel cell projects for commercial and public sector customers in California, Connecticut, New Jersey and New York. Under an agreement, Constellation, an Exelon Corp. subsidiary, will provide equity financing and own a majority equity interest in Bloom Energy Servers at more than 170 sites for customers, including AT&T; the City of Hartford, Conn.; and Wal-Mart.

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.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 10, 2016
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