$100M for Bloom Energy

1/20/11

Sunnyvale, CA-based Bloom Energy, a maker of solid-oxide fuel cells powered by natural gas, today introduced a power purchase agreement option called Bloom Electrons under which large organizations can install the company’s so-called “Bloom Box” fuel cells and lock in electricity rates over a 10-year period. At the same time, Dow Jones VentureWire is reporting that Bloom Energy has raised an additional $100 million in equity financing, adding to the more than $400 million it had already raised from Kleiner Perkins Caufield & Byers, New Enterprise Associates, and Morgan Stanley. The company has not commented on the new financing, but said in today’s announcement that 200 Bloom Boxes are being installed by customers such as the California Institute of Technology, Kaiser Permanente, Walmart, Coca-Cola, and Staples.

Wade Roush is Chief Correspondent and Editor At Large at Xconomy. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

By posting a comment, you agree to our terms and conditions.