Bloom Energy (BE) Investor Presentation summary

Mission and business overview

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

• Generated $1.47B in 2024 revenue with over 1.4GW deployed and ~1,200 installations.

• Holds a $2.5B backlog and has invested over $1B in R&D.

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

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

Technology and solutions

• Solid-oxide fuel cells convert various fuels into electricity without combustion, offering high efficiency and low emissions.

• Platform supports multiple inputs (natural gas, biogas, hydrogen) and outputs (AC/DC power, hydrogen, oxygen).

• Scalable design enables deployment from microgrids to utility-scale projects, including the largest single-site fuel cell project at 80MW.

• Flexible system design supports rapid deployment and operational control for 15+ years.

• Technology is well-suited for AI-driven energy demand and data center applications.

Market context and challenges

• Grid faces challenges from severe weather, EV adoption, aging infrastructure, and net-zero mandates, driving up utility rates.

• Transmission expansion lags behind demand, with only 55 miles built in 2023 versus 115,000 miles needed by 2030.

• US faces a growing power shortfall for data centers, projected to reach ~60GW by 2029.