Bloom Energy Corporation (BE) is a renewable energy company focused on reducing carbon emissions. The company provides solid oxide fuel cell platforms called Bloom Energy Servers, which convert fuel - such as natural gas (NGQ24), hydrogen, and biogas - into electricity with the help of an electrochemical process, without relying on combustion. Likewise, Bloom's solid oxide electrolyzer is built on the same platform, and converts water into hydrogen for electricity via electrolysis.
Their client base includes data centers, hospitals and biotech companies, manufacturers including Honda (HMC), retailers like Walmart (WMT) and more. Incorporated in 2001, Bloom was formerly known as Ion America Corp., but changed its name to Bloom Energy in 2006. Located in San Jose, the company is valued at $3.28 billion by market cap.
