Bloom Box: Energy Breakthrough or Hype?

Brian Hicks

Written By Brian Hicks

Posted February 23, 2010

Bloom Energy, a Silicon Valley startup, is generating tons of buzz after their "Bloom Box" was featured on 60 Minutes Sunday.

The company is finally emerging from stealth-mode, and offered 60 Minutes a peek at their secretive fuel-cell technology. Here’s the clip:

Watch CBS News Videos Online

Investors have already poured around $400m into the venture, and it appears to be gaining traction. Big names like Ebay and Google are testing their industrial power-generation units, which cost around $800k (including tax incentives).

Bloom’s long-term goal is to make a unit for home-use, with a target cost of around $3,000. They’ve got a long way to go, but investors like John Doerr (early investor in Google and Amazon, among others) are fully behind them.

Our own Nick Hodge caught up with Doerr at a recent cleantech conference, and unfortunately an IPO is not on the table any time soon. But Bloom Energy is definitely a company to watch.

Angel Publishing Investor Club Discord - Chat Now

Brian Hicks Premium


Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.