Bloom Energy (BE) Registration Filing summary

Company overview and business model

• Develops solid oxide fuel-cell based power generation platforms for clean, reliable, and efficient energy production using biogas, hydrogen, natural gas, or blends.

• Technology supports both electricity and hydrogen production, targeting decarbonization and energy transition markets.

• Serves large multinational corporations, utilities in the U.S. and Korea, and is expanding internationally.

• Platform is resilient to extreme weather and grid failures, aiming to enable net-zero objectives for customers.

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.

• Repurchased $115M of 2.5% Green Convertible Senior Notes due 2025 at 122.6% of principal plus interest.

• 228,149,696 shares of Class A common stock outstanding as of September 10, 2024.

Use of proceeds and capital allocation

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

• Will not receive proceeds from the sale of Class A common stock by selling securityholders.