Bloom Energy vs Meta

About

Bloom Energy Corporation is a San Jose, California-based solid oxide fuel cell manufacturer — publicly traded on the New York Stock Exchange (NYSE: BE) — designing and manufacturing the Bloom Energy Server (Bloom Box), a distributed on-site power generation system that converts natural gas, biogas, or hydrogen into electricity through electrochemical conversion rather than combustion. Founded in 2001 by CEO KR Sridhar, who originally developed solid oxide fuel cell technology for NASA's Mars program, Bloom Energy has installed approximately 1.4 gigawatts of systems at over 1,000 locations across nine countries, serving customers including Google, Walmart, Equinix, and Apple. In fiscal year 2024, Bloom Energy reported annual revenue of $1.47 billion. In 2025, Bloom Energy announced a $5 billion strategic partnership with Brookfield Asset Management to deploy fuel cell technology across AI data centers globally — positioning Bloom Energy as a primary power solution for the surging energy demand from artificial intelligence infrastructure, with a European site expected before end of 2025. Bloom Energy went public in 2018 after raising over $1 billion in venture capital.