First published in Cleantech magazine 2011 Issue 5. Copyright Cleantech Investor Ltd
Bloom Energy, the California-based fuel cell company, is reported to have raised a further US$150 million, taking total funds raised so far to over US$550 million. Bloom is reported to have been valued at US$2.7 billion before the latest round. The company, which has received backing from investors including Kleiner Perkins, is amongst the most high profile (if also highly secretive) fuel cell companies which appear to be making headway. Bloom supplies on-site power generation systems, or Energy Servers™ - solid oxide fuel cells, each providing 100kW of power. The company has a number of high profile customers operating data centres, especially in California where there are state subsidies in place to incentivise the use of the ‘Bloom Box’. Customers include Google, eBay, NTT, AT&T and Adobe.
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