Bloom Energy

Bloom Energy Corporation Prices Upsized $350.0 Million Green Convertible Senior Notes Offering

Retrieved on:

fredag, maj 24, 2024

Environment, Technology, Semiconductor, Other Energy, Other Technology, Alternative Energy, Green Technology, Energy, Hardware, Bloom, Research, Exercise, Marketing, Sale, Public expenditure, Person, Disclosure, Bloom Energy, Security (finance)

Bloom Energy Corporation (NYSE:BE) today announced the pricing of its offering of $350.0 million aggregate principal amount of 3.00% green convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Key Points:

Bloom Energy Corporation (NYSE:BE) today announced the pricing of its offering of $350.0 million aggregate principal amount of 3.00% green convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
The offering size was increased from the previously announced offering size of $250.0 million aggregate principal amount of notes.
Bloom Energy also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $52.5 million principal amount of notes.
Bloom Energy intends to use approximately $141.8 million of the net proceeds from the offering of the notes to repurchase $115.0 million aggregate principal amount of its outstanding 2.50% Green Convertible Senior Notes due 2025 (the “existing 2025 convertible notes”) in privately negotiated transactions concurrently with the pricing of the offering.

Bloom Energy Corporation Announces Proposed Green Convertible Senior Notes Offering

Retrieved on:

onsdag, maj 22, 2024

Technology, Semiconductor, Finance, Other Energy, Other Technology, Professional Services, Alternative Energy, Energy, Hardware, Data Management, Bloom, Research, Marketing, Sale, Public expenditure, Person, Disclosure, Bloom Energy, Security (finance)

Bloom Energy Corporation (NYSE: BE) today announced its intention to offer, subject to market and other conditions, $250,000,000 aggregate principal amount of green convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Key Points:

Bloom Energy Corporation (NYSE: BE) today announced its intention to offer, subject to market and other conditions, $250,000,000 aggregate principal amount of green convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
The notes will be senior, unsecured obligations of Bloom Energy, will accrue interest payable semi-annually in arrears and will mature on June 1, 2029, unless earlier repurchased, redeemed or converted.
Bloom Energy intends to use a portion of the net proceeds from the offering of the notes to repurchase a portion of its outstanding 2.50% Green Convertible Senior Notes due 2025 (the “existing 2025 convertible notes”) in privately negotiated transactions concurrently with the pricing of the offering.
These activities may affect the trading price of Bloom Energy’s Class A common stock and, if conducted concurrently with this offering, may result in a higher initial conversion price for the notes Bloom Energy is offering.

C3 AI and Bloom Energy Team Up to Revolutionize Fuel Cell Performance, Service, and Engineering Analytics

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tisdag, maj 14, 2024

With the C3 AI Reliability Suite , Bloom Energy will be able to enhance operational excellence, improve reliability, and maximize energy output of their fuel cell servers.

Key Points:

With the C3 AI Reliability Suite , Bloom Energy will be able to enhance operational excellence, improve reliability, and maximize energy output of their fuel cell servers.
Now, Bloom’s remote engineering teams will use AI recommendations, alerts, and workflows within the C3 AI Reliability Suite to adjust fuel cell operating parameters that impact cell performance and lifetime, further refining Bloom’s operational excellence.
“This collaboration highlights innovation from both C3 AI and Bloom Energy and how we can work toward building the next generation of reliable power,” said Thomas M. Siebel, Chairman and CEO, C3 AI.
The C3 AI Reliability Suite allows customers like Bloom to leverage AI to achieve higher rates of asset utilization while retaining intellectual property and avoiding pitfalls associated with other AI models.

Bloom Energy Announces Largest Silicon Valley Data Center Power Capacity Agreement

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torsdag, maj 9, 2024

Data Management, Semiconductor, Other Energy, Technology, Alternative Energy, Energy, Hardware, HPC, Data center, Natural gas, Electricity, Intel, PUE, Bloom Energy, Renewable energy

Bloom Energy (NYSE: BE), a global leader in solid oxide fuel cell technology, announced today a power capacity agreement with Intel Corporation that will result in Silicon Valley’s largest fuel cell-powered high-performance computing data center.

Key Points:

Bloom Energy (NYSE: BE), a global leader in solid oxide fuel cell technology, announced today a power capacity agreement with Intel Corporation that will result in Silicon Valley’s largest fuel cell-powered high-performance computing data center.
The agreement calls for the installation of additional megawatts (MW) of Bloom Energy’s fuel cell-based Energy Server at Intel’s existing high-performance computing data center in Santa Clara, CA.
The additional capacity expands an existing Bloom Energy fuel cell installation already deployed at the tech giant’s location since 2014.
The resulting installation will be the single largest fuel cell-powered high-performance computing data center in Silicon Valley.

Bloom Energy Reports First Quarter 2024 Financial Results

Retrieved on:

torsdag, maj 9, 2024

Alternative Energy, Energy, Other Energy, Bloom Energy, CFO, Energy transition, Bloom, Growth, Video game

Bloom Energy Corporation (NYSE: BE) reported today its financial results for the first quarter ended March 31, 2024.

Key Points:

Bloom Energy Corporation (NYSE: BE) reported today its financial results for the first quarter ended March 31, 2024.
Revenue of $235.3 million in the first quarter of 2024, a decrease of 14.5% compared to $275.2 million in the first quarter of 2023.
Product and service revenue of $209.8 million in the first quarter of 2024, a decrease of 10.5% compared to $234.4 million in the first quarter of 2023.
Gross margin of 16.2% in the first quarter of 2024, a decrease of 3.5 percentage points compared to 19.7% in the first quarter of 2023.

Bloom Energy and Quanta Computer Forge Transformative Partnership to Power Silicon Valley's AI Revolution

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måndag, april 29, 2024

Semiconductor, Other Energy, Technology, Utilities, Energy, Artificial Intelligence, Cloud, Quanta Computer, AI, Annual report, Partnership, Electricity, Electronics, Bloom Energy, Growth, Renewable energy

The partnership adds another significant proof-point in Bloom Energy’s capability to meet the ever-increasing time-to-power challenges of the burgeoning AI sector.

Key Points:

The partnership adds another significant proof-point in Bloom Energy’s capability to meet the ever-increasing time-to-power challenges of the burgeoning AI sector.
As AI technology continues to reshape industries across the globe, Quanta's role in supplying high-powered servers for AI computations has become increasingly pivotal.
The power solution is a fully islanded microgrid , which will power Quanta Computer’s operations around the clock, 24/7 365 days a year.
“This highly reliable offering, that is not connected to the utility power grid, offers Quanta Computer a self-reliant solution and underscores the versatility of Bloom Energy’s Energy Server® platform,” said KR Sridhar, Founder, Chairman, and CEO of Bloom Energy.

Potter Handy Law Firm Files Groundbreaking Lawsuit Against Bloom Energy for Unlawful Business Practices

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tisdag, april 23, 2024

Energy, Professional Services, Class Action Lawsuit, Legal, Other Energy, Bloom Energy, LLP, Adonis, Left–right political spectrum, Action Replay

Mark Potter, founding partner of Potter Handy LLP, stated, "We believe that Bloom Energy's actions not only violate labor laws but also undermine the fundamental rights and dignity of its employees.

Key Points:

Mark Potter, founding partner of Potter Handy LLP, stated, "We believe that Bloom Energy's actions not only violate labor laws but also undermine the fundamental rights and dignity of its employees.
Lead counsel for the plaintiff, Jim Treglio of Potter Handy LLP, added, "This is a groundbreaking case that sheds light on the unethical conduct of companies like Bloom Energy.
Potter Handy Law Firm urges anyone who has been a victim of Bloom Energy's discriminatory practices to come forward and join the class-action lawsuit.
For more information, please contact Potter Handy Law Firm at 415-534-1911 or visit its website at www.potterhandy.com .

Bloom Energy to Receive up to $75 million in Federal Tax Credits for Fremont Manufacturing Plant

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måndag, april 8, 2024

Environment, Technology, Environmental Policy, Other Energy, Utilities, Alternative Energy, Green Technology, Energy, Batteries, White, Bloom, Bloom Energy, Heart, Treasury, Internal Revenue Service, Government, Average revenue per user, Federation, Renewable energy

Bloom Energy Inc. (NYSE:BE), a leading provider of clean energy solutions, was recently awarded up to $75 million in tax credits by the Department of Energy, Department of Treasury, and the Internal Revenue Service under the Qualifying Advanced Energy Project 48C initiative.

Key Points:

Bloom Energy Inc. (NYSE:BE), a leading provider of clean energy solutions, was recently awarded up to $75 million in tax credits by the Department of Energy, Department of Treasury, and the Internal Revenue Service under the Qualifying Advanced Energy Project 48C initiative.
Bloom was selected for this award for its commitment to expand domestic manufacturing and fuel cell and electrolyzer production capacity at its multi-gigawatt Fremont, California manufacturing plant.
At the heart of Bloom Energy’s recently opened Fremont facility is the ability to manufacture high-efficiency fuel cell stacks, which serve as the foundational technology for the company’s Energy Server® platform and Bloom Electrolyzer™.
The funding is part of the $4 billion in tax credits recently announced by the White House under the Qualifying Advanced Energy Project Tax Credit to accelerate domestic clean energy manufacturing and reduce greenhouse gas emissions at industrial facilities.

APAC Green Data Center Market Industry Analysis & Forecasts 2023-2028 - Large Colocation and Hyperscale, Data Center Operators, Drive the Market - ResearchAndMarkets.com

Retrieved on:

torsdag, mars 21, 2024

The "APAC Green Data Center Market - Industry Analysis & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "APAC Green Data Center Market - Industry Analysis & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The APAC green data center market was valued at USD 7.01 billion in 2022 and is expected to grow at a CAGR of 11.20% from 2022-2028.
Hyperscale operators in the APAC green data center market, such as Google, Microsoft, Amazon Web Services (AWS), Alibaba, and Huawei Technologies, drive the market with sustainable investments and innovative technologies.
How many MW of power capacity is expected to reach the APAC green data center market by 2028?

APAC Green Data Center Market Industry Analysis & Forecasts 2023-2028: Government Initiatives Propel APAC Toward Sustainable Data Center Practices

Retrieved on:

torsdag, mars 21, 2024

DUBLIN, March 21, 2024 /PRNewswire/ -- The "APAC Green Data Center Market - Industry Analysis & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, March 21, 2024 /PRNewswire/ -- The "APAC Green Data Center Market - Industry Analysis & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The APAC green data center market was valued at USD 7.01 billion in 2022 and is expected to grow at a CAGR of 11.20% from 2022-2028.
Hyperscale operators in the APAC green data center market, such as Google, Microsoft, Amazon Web Services (AWS), Alibaba, and Huawei Technologies, drive the market with sustainable investments and innovative technologies.
How many MW of power capacity is expected to reach the APAC green data center market by 2028?