Bloom Energy (BE) Registration Filing summary

Company overview and business model

• Mission is to make clean, reliable energy affordable globally, leveraging solid oxide fuel-cell technology for power generation and hydrogen production.

• Technology enables use of biogas, hydrogen, natural gas, or blends, providing resilient, efficient, and low-emission power.

• Customers include major multinational corporations and utilities in the U.S. and Korea, with expanding international presence.

• Platform supports renewable fuel production and is positioned to help organizations achieve net-zero objectives.

• Incorporated in Delaware in 2001, with headquarters in San Jose, California.

Financial performance and metrics

• Issued $402.5M of 3% Green Convertible Senior Notes due 2029 and $632.5M of 3% Green Convertible Senior Notes due 2028, both senior unsecured obligations with conversion features.

• Repurchased $115M of 2.5% Green Convertible Senior Notes due 2025, reducing outstanding principal by 50%.

• Last reported sale price of Class A common stock on September 11, 2024, was $10.64 per share.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as set forth in applicable prospectus supplements.

• No proceeds will be received from the sale of Class A common stock by selling securityholders.