Bloom Energy

Overview

Bloom Energy provides onsite power generation platforms based on solid oxide fuel cell technology. The company designs, manufactures, distributes, and operates systems that deliver resilient, distributed power for critical operations. Its strategic aim is to give customers greater control over cost, resilience, and sustainability of their power infrastructure.

Core products

• Bloom Energy Server
  • A proprietary high-temperature solid-oxide fuel cell system that converts fuels (natural gas, biogas, hydrogen) into electricity without combustion and without moving parts.
• Bloom Electrolyzer
  • A high-temperature electrolyzer using the same solid-oxide platform to produce hydrogen from water.

Energy Server — key attributes

• Solid-state power generation without combustion, yielding lower emissions and stable performance.
• Native DC output compatible with high-voltage data center standards (800 VDC).
• High efficiency across ambient conditions and partial-load operation.
• Near-zero criteria pollutant emissions during steady-state operation; no water usage during steady-state operation.
• Modular, scalable, and fault-tolerant design; supports installations from kilowatts to hundreds of megawatts and can operate as a microgrid.
• Rapid deployment potential: systems can be brought online in weeks to months, subject to site permitting.
• Fast, millisecond-level response to load changes; supports grid services with embedded control and integration with energy storage.
• Inverter-based architecture with grid-forming and continuous-duty capabilities.
• Fuel flexibility: designed for natural gas, biogas, hydrogen, or blends; pathways to carbon-free operation include carbon capture, biofuels, and hydrogen.
• Typical applications: primary power, microgrids, combined heat and power (CHP), carbon capture and storage (CCUS), and waste-to-energy configurations.

Bloom Electrolyzer — key attributes

• Uses the same solid-oxide platform to produce hydrogen onsite, using high-temperature electrolysis to improve electricity efficiency.
• Designed to pair with clean energy inputs (renewables, nuclear) and to be sited flexibly for industrial, transport, and power-sector hydrogen needs.
• Higher operating temperature (700–900°C) reduces electricity requirements for hydrogen production.

Markets and customers

• Primary market categories:
  • Data centers
  • Commercial & Industrial (C&I): advanced manufacturing, healthcare, retail, education, telecom, and other critical infrastructure
  • Utilities
• Customer footprint includes Fortune 500 companies across data center, semiconductor manufacturing, AI infrastructure, utility, and industrial sectors.

Deployment and footprint

• Energy Server systems deployed across approximately 1,100 sites in 9 countries.
• South Korea is the second-largest market with nearly 682 MW of deployed Energy Server systems.
• Strategic distribution partnership with SK ecoplant Co., Ltd. and SK eternix Co., Ltd. supports Korea deployments; SK ecoplant owns approximately 2.5% of Bloom’s Class A common stock.

Revenue mix

• Revenue is derived primarily from product sales of Energy Server systems.
• Recurring revenue from long-term operations and maintenance (O&M) agreements supports availability and performance over the contract life.
• Nearly all product revenue has been attributable to Energy Server system sales.

Company scale and operations

• Headquarters: Silicon Valley, United States.
• Employees: more than 2,000 worldwide.
• Manufacturing: U.S.-based production including a Fremont, California cell-printing facility and Delaware assembly operations.

Strategic and competitive context

• Positions its platform as scalable, modular, and rapidly deployable relative to traditional OEMs.
• Competes with gas reciprocating engines, small gas turbines, conventional combined-cycle plants, other fuel cells, and intermittent renewables paired with storage.
• Differentiators include non-combustion operation, higher efficiency, rapid deployment, fuel flexibility, grid-forming capability, and potential for low- or near-zero-emission operation through decarbonization pathways.

Market drivers and growth context

• Identifies four macro market shifts shaping demand:
  • Growing power needs from AI and data centers
  • Policy support for AI leadership and energy security
  • Grid constraints and permitting delays
  • A shift toward onsite power generation
• The Bloom Electrolyzer is presented as a growth product, with international demand supported by hydrogen and energy transition policies.