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At a Glance

Uppers

Interesting work: focuses on a clean, renewable power

P

ay is high for engineers and other workers with advanced degrees

Solid benefits package

Downers

Relatively new company, job stability is in question

Behind schedule on its ambitious early business plan

Expects long days, and work on the occasional weekends

The Bottom Line

Bloom offers an exciting opportunity for engineers looking to work on a fuel source that doesn't rely on disappearing fossil fuels. The pay and benefits here are solid, too. Unfortunately, because Bloom is a relative newcomer to the energy field, it carries the same risks as all start-ups: jobs here are not necessarily stable ones.

About Bloom Energy Corporation

Making clean-burning generators is a blossoming business for Bloom Energy. The company invented the first power generator that uses solid-oxide fuel cells, which convert natural gas or renewable fuels such as biogas into electricity without any pollution-causing combustion. The Bloom Energy Server, known as the Bloom Box, contains ceramic wafers made of a "sand-like powder" instead of more expensive materials like acid or molten carbonate. Each Bloom Box is the size of a parking spot, weighs about 20,000 pounds, and costs $800,000. The servers provide 200kW of power, enough for 160 average homes or an office building. It produces power for such customers as Apple, AT&T, CalTech, eBay, FedEx, and Wal-Mart.

Sales and Marketing

The company serves different industry sectors, including retail and logistics, technology, banking, real estate, financial services, manufacturing, food and beverage, and utilities. Also, with its Mission Critical Systems practice, Bloom Energy provides grid-independent power for critical loads in data centers and manufacturing plants.

Strategy

The first Bloom Boxes were used as backup generators in lieu of the traditional diesel-burning backup generators. Ideally, the company aims to market a smaller generator to residential customers for about $3,000, but that technology could take as long as 10 years to develop. The current-size Bloom Boxes can power about 160 homes.

Company Background

Bloom Energy came about in 2001, when KR Sridhar, a NASA scientist, set up shop at the NASA Ames Research Center in Silicon Valley to develop a marketable product. Initially called Ion America, the company secured funding from Kleiner Perkins and spent about $400 million to develop the Bloom Box.

Bloom Energy Corporation

4353 N 1ST ST
San Jose, CA 95134-1259
Phone: 1 (408) 543-1500

Stats

Employer Type: Publicly Owned
Stock Symbol: BE
Stock Exchange: , NYSE
EVP and COO: Susan Brennan
EVP and CFO: Randy W. Furr
Chairman, President and CEO: KR Sridhar
Employees (This Location): 300
Employees (All Locations): 1,524

Major Office Locations

San Jose, CA

Other Locations

Manhattan Beach, CA
Sunnyvale, CA
Chennai, India
Mumbai, India

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