$100M for Bloom Energy

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.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/