Bloom Energy (BE) Investor Presentation summary

Mission and market position

• Aims to make clean, reliable energy affordable for everyone globally.

• Deployed over 1.4GW with approximately 1,200 installations worldwide.

• Cumulative R&D investment exceeds $1 billion, supporting innovation and growth.

• Maintains a diverse customer base across technology, retail, manufacturing, and education sectors.

• Operates US-based gigawatt-scale manufacturing facilities in California and Delaware.

Technology and solutions

• Solid-oxide fuel cell technology enables electricity generation from natural gas, biogas, and hydrogen without combustion.

• Flexible platform supports various inputs and outputs, including AC/DC power, hydrogen, and oxygen.

• Scalable design allows deployment from microgrids to utility-scale projects, including the largest single-site fuel cell project (80MW) in South Korea.

• Offers rapid deployment, high resiliency, and predictable long-term energy costs.

• Solutions address grid challenges such as capacity shortages, aging infrastructure, and renewable integration.

Financial performance and outlook

• Achieved record 2024 revenue of $1.47B, up 10.5% year-over-year.

• 2024 non-GAAP gross margin reached 28.7%, with positive annual cash flow from operations at $92M.

• Product backlog stands at $2.5B, with service backlog at $9.6B, reflecting strong future demand.

• 2025 revenue guidance is $1.65B–$1.85B, with targeted non-GAAP gross margin of ~29%.

• Non-GAAP operating income expected to rise to $135M–$165M in 2025, continuing margin expansion.