Bloom Energy, founded in 2001 and listed on the New York Stock Exchange (ticker: BE), develops and deploys solid oxide fuel cell systems that generate electricity without combustion. Its core product, the Energy Server, traces its origins to electrolyzer technology originally designed for NASA Mars missions - specifically a system to convert CO₂ into oxygen. The company has since adapted that research into a distributed energy platform capable of delivering up to 99.999% availability with near-zero emissions.
Over two decades, Bloom Energy has grown from an eight-person team into a business with systems deployed at over 1,000 locations across nine countries. Its customer base includes Fortune 100 companies such as Walmart, Google, Equinix, and Oracle. In 2024, the company signed a 1 GW commercial agreement with American Electric Power - described as the world's largest fuel cell agreement to date.
The company operates across several industry verticals, including retail, cloud computing, data centres, and utilities. Its technical work spans solid oxide fuel cell engineering, distributed energy systems integration, and electrolyzer technology. Bloom Energy's stated mission is to make clean, reliable energy affordable for everyone on Earth.
