# Bloom Energy Corp

Summary updated: 2026-10-04T09:46:13.824745Z
Canonical: https://finbar.com/research/companies/bloom-energy-corp

## Overview

Bloom Energy Corp. is an energy technology company that designs, manufactures and services onsite power systems based on solid-oxide fuel-cell technology. Its core products are the Bloom Energy Server, which generates electricity from fuels including natural gas, biogas and hydrogen, and the Bloom Electrolyzer, which produces hydrogen. The company’s mission is “to make clean, reliable energy affordable.” [1](https://app.finbar.com/go?id=P10462618)[2](https://app.finbar.com/go?id=P1563396)

Bloom serves commercial and industrial customers, including data centers, semiconductor manufacturers, utilities and other energy-intensive businesses. Its largest market is the United States, with a significant presence in South Korea and operations and expansion in Europe and other parts of Asia. [3](https://app.finbar.com/go?id=P78162723) In FY2025, revenue was $2.024 billion, and it reported 2,214 employees at year-end. Founded in 2001, the company developed its technology from work on an electrolyzer for proposed Mars missions. [4](https://app.finbar.com/go?id=P23235776)[5](https://www.sec.gov/Archives/edgar/data/1664703/000162828026024240/ars202510k.pdf)[6](https://www.bloomenergy.com/team/board-kr-sridhar/)
[1](https://app.finbar.com/go?id=P10462618)[2](https://app.finbar.com/go?id=P1563396)[3](https://app.finbar.com/go?id=P78162723)[4](https://app.finbar.com/go?id=P23235776)[5](https://www.sec.gov/Archives/edgar/data/1664703/000162828026024240/ars202510k.pdf)[6](https://www.bloomenergy.com/team/board-kr-sridhar/)

## Products & services

Bloom Energy’s primary product is the Bloom Energy Server®, a solid-oxide fuel-cell system that generates electricity from fuels including natural gas, biogas, and hydrogen. It produces power without combustion or moving parts. The February 2026 Energy Server 6.5 datasheet specifies 325 kW net AC nameplate output and 53–65% cumulative electrical efficiency (LHV, net AC). Bloom also describes potential fuel flexibility and the ability to pair the system with third-party carbon-capture equipment. [1](https://app.finbar.com/go?id=P10462618)[7](https://app.finbar.com/go?id=P61465612)[8](https://app.finbar.com/go?id=P62958701)[9](https://www.bloomenergy.com/wp-content/uploads/bloom-energy-server-datasheet-feb-2026.pdf)

Bloom’s Bloom Electrolyzer™ uses solid-oxide technology based on its Energy Server platform to split water into hydrogen and oxygen. The company says its higher-temperature process can require less electrical energy than lower-temperature PEM and alkaline electrolysis; it identifies industrial, transportation, and power uses as potential end markets. [10](https://app.finbar.com/go?id=P31221592)

Services include operating and maintaining Energy Server systems, monitoring performance, and providing contractual power-output and efficiency guarantees, with reimbursement for covered underperformance. Bloom describes optional maintenance agreements and energy-service arrangements, but its 2025 10-K says it no longer offers new Managed Services Financings and continues to service a small number of legacy arrangements. For large-load sites, Bloom says it is moving toward a consult-only installation model, with certified third-party installers handling installation and construction. [11](https://app.finbar.com/go?id=P83792149)[12](https://app.finbar.com/go?id=P15952087)[13](https://app.finbar.com/go?id=P143968824)[14](https://www.bloomenergy.com/wp-content/uploads/bloom-energy-server-brochure-2025.pdf)[5](https://www.sec.gov/Archives/edgar/data/1664703/000162828026024240/ars202510k.pdf)

For FY2025, Bloom reported $1.76 billion in combined product and service revenue out of $2.02 billion total revenue—approximately 87% based on the rounded figures. The disclosure does not break out revenue by named product, so it does not establish separate revenue shares for the Energy Server and Electrolyzer. [15](https://app.finbar.com/go?id=P46334953)
[1](https://app.finbar.com/go?id=P10462618)[7](https://app.finbar.com/go?id=P61465612)[8](https://app.finbar.com/go?id=P62958701)[10](https://app.finbar.com/go?id=P31221592)[11](https://app.finbar.com/go?id=P83792149)[12](https://app.finbar.com/go?id=P15952087)[13](https://app.finbar.com/go?id=P143968824)[15](https://app.finbar.com/go?id=P46334953)[9](https://www.bloomenergy.com/wp-content/uploads/bloom-energy-server-datasheet-feb-2026.pdf)[14](https://www.bloomenergy.com/wp-content/uploads/bloom-energy-server-brochure-2025.pdf)[5](https://www.sec.gov/Archives/edgar/data/1664703/000162828026024240/ars202510k.pdf)

## Geographic presence

Bloom Energy’s U.S. market is its largest by revenue and installed base, with South Korea its second-largest market; the company also describes its Europe and Asia activities as growing from a smaller base. Its 2025 annual filing reports nearly 682 MW of deployed systems in South Korea. [3](https://app.finbar.com/go?id=P78162723) The filing does not provide country- or region-level revenue amounts or percentages, so geographic revenue shares cannot be stated.
[3](https://app.finbar.com/go?id=P78162723)

## Business segments

Bloom Energy reports one operating and reportable segment. Its CODM reviews consolidated results to allocate resources and assess performance across the company, and Bloom says it does not distinguish markets or segments for internal reporting. Its product, installation, service and electricity revenues are revenue streams, not separately reported segments. [16](https://app.finbar.com/go?id=P49941204)[17](https://app.finbar.com/go?id=P143968712)

In 2025, product revenue—sales of Bloom products, including Energy Server systems—was approximately 75.7% of total revenue. Installation, primarily installation of sold Energy Server systems, contributed about 10.1%; service, including operations-and-maintenance agreements, about 11.3%; and electricity revenue from certain managed-services arrangements about 3.0%. These percentages are calculated from the reported 2025 revenue figures and rounded. [18](https://app.finbar.com/go?id=P10701099)[19](https://app.finbar.com/go?id=P25468739)[20](https://app.finbar.com/go?id=P91586336)[21](https://app.finbar.com/go?id=P13468516)[22](https://app.finbar.com/go?id=T10489028)
[16](https://app.finbar.com/go?id=P49941204)[17](https://app.finbar.com/go?id=P143968712)[18](https://app.finbar.com/go?id=P10701099)[19](https://app.finbar.com/go?id=P25468739)[20](https://app.finbar.com/go?id=P91586336)[21](https://app.finbar.com/go?id=P13468516)[22](https://app.finbar.com/go?id=T10489028)[22](https://app.finbar.com/go?id=T10489028)[22](https://app.finbar.com/go?id=T10489028)[22](https://app.finbar.com/go?id=T10489028)[22](https://app.finbar.com/go?id=T10489028)

## Company history

Bloom Energy traces its origins to 2001, when K.R. Sridhar’s work on fuel-cell technology for potential use in a NASA Mars mission led to the formation of Ion America. The company adopted the name Bloom Energy in 2006 and shipped an early field-trial unit that year. [23](https://www.bloomenergy.com/company/)[24](https://resources.bloomenergy.com/hubfs/Whitepapers/2023%20Bloom%20Energy_Backgrounder_for_Datacenters-V4.pdf?hsLang=en) Bloom launched its Energy Server in 2008 and announced its commercial availability in 2010. It expanded manufacturing in California in 2011 and broke ground on a manufacturing center in Delaware in 2012. [23](https://www.bloomenergy.com/company/)[25](https://www.bloomenergy.com/news/bloom-energy-debuts-advanced-fuel-cell-to-provide-clean-reliable-and-affordable-power-24-7/)[26](https://www.bloomenergy.com/news/bloom-energy-quadruples-size-of-its-manufacturing-operations-providing-over-1000-california-jobs/)[27](https://www.bloomenergy.com/news/bloom-energy-expands-to-east-coast/)

In 2013, Bloom formed a joint venture with SoftBank to serve Japan and completed its first international project there. [28](https://www.bloomenergy.com/news/softbank-bloom-energy-form-joint-venture-to-provide-clean-reliable-and-affordable-energy-to-japan/)[29](https://www.bloomenergy.com/news/bloom-energy-completes-first-international-project-in-japan/) Bloom went public in July 2018, with shares beginning to trade on the New York Stock Exchange under the ticker BE. [30](https://www.bloomenergy.com/news/bloom-energy-corporation-announces-pricing-of-initial-public-offering/)[31](https://www.bloomenergy.com/news/bloom-energy-hits-the-public-market/) In 2021, it introduced its solid-oxide electrolyzer for hydrogen production, followed by the opening of a high-volume electrolyzer production line in 2022. In 2023, Bloom introduced its Series 10 system and reported that deployed power had exceeded 1 GW. [32](https://www.bloomenergy.com/news/bloom-energy-unveils-electrolyzer/)[33](https://www.bloomenergy.com/news/bloom-energy-inaugurates-high-volume-electrolyzer-production-line/)[34](https://www.bloomenergy.com/news/bloom-energy-launches-series-10-net-zero-compliant-solution-accelerating-adoption-of-clean-power-generation/)
[23](https://www.bloomenergy.com/company/)[24](https://resources.bloomenergy.com/hubfs/Whitepapers/2023%20Bloom%20Energy_Backgrounder_for_Datacenters-V4.pdf?hsLang=en)[25](https://www.bloomenergy.com/news/bloom-energy-debuts-advanced-fuel-cell-to-provide-clean-reliable-and-affordable-power-24-7/)[26](https://www.bloomenergy.com/news/bloom-energy-quadruples-size-of-its-manufacturing-operations-providing-over-1000-california-jobs/)[27](https://www.bloomenergy.com/news/bloom-energy-expands-to-east-coast/)[28](https://www.bloomenergy.com/news/softbank-bloom-energy-form-joint-venture-to-provide-clean-reliable-and-affordable-energy-to-japan/)[29](https://www.bloomenergy.com/news/bloom-energy-completes-first-international-project-in-japan/)[30](https://www.bloomenergy.com/news/bloom-energy-corporation-announces-pricing-of-initial-public-offering/)[31](https://www.bloomenergy.com/news/bloom-energy-hits-the-public-market/)[32](https://www.bloomenergy.com/news/bloom-energy-unveils-electrolyzer/)[33](https://www.bloomenergy.com/news/bloom-energy-inaugurates-high-volume-electrolyzer-production-line/)[34](https://www.bloomenergy.com/news/bloom-energy-launches-series-10-net-zero-compliant-solution-accelerating-adoption-of-clean-power-generation/)

## Sources

1. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P10462618)
2. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P1563396)
3. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P78162723)
4. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P23235776)
5. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1664703/000162828026024240/ars202510k.pdf)
6. [www.bloomenergy.com](https://www.bloomenergy.com/team/board-kr-sridhar/)
7. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P61465612)
8. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P62958701)
9. [www.bloomenergy.com](https://www.bloomenergy.com/wp-content/uploads/bloom-energy-server-datasheet-feb-2026.pdf)
10. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P31221592)
11. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P83792149)
12. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P15952087)
13. [Bloom Energy Corp — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143968824)
14. [www.bloomenergy.com](https://www.bloomenergy.com/wp-content/uploads/bloom-energy-server-brochure-2025.pdf)
15. [Bloom Energy Corp — Press release (2025 Y)](https://app.finbar.com/go?id=P46334953)
16. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P49941204)
17. [Bloom Energy Corp — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143968712)
18. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P10701099)
19. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P25468739)
20. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P91586336)
21. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P13468516)
22. [Bloom Energy Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=T10489028)
23. [www.bloomenergy.com](https://www.bloomenergy.com/company/)
24. [resources.bloomenergy.com](https://resources.bloomenergy.com/hubfs/Whitepapers/2023%20Bloom%20Energy_Backgrounder_for_Datacenters-V4.pdf?hsLang=en)
25. [www.bloomenergy.com](https://www.bloomenergy.com/news/bloom-energy-debuts-advanced-fuel-cell-to-provide-clean-reliable-and-affordable-power-24-7/)
26. [www.bloomenergy.com](https://www.bloomenergy.com/news/bloom-energy-quadruples-size-of-its-manufacturing-operations-providing-over-1000-california-jobs/)
27. [www.bloomenergy.com](https://www.bloomenergy.com/news/bloom-energy-expands-to-east-coast/)
28. [www.bloomenergy.com](https://www.bloomenergy.com/news/softbank-bloom-energy-form-joint-venture-to-provide-clean-reliable-and-affordable-energy-to-japan/)
29. [www.bloomenergy.com](https://www.bloomenergy.com/news/bloom-energy-completes-first-international-project-in-japan/)
30. [www.bloomenergy.com](https://www.bloomenergy.com/news/bloom-energy-corporation-announces-pricing-of-initial-public-offering/)
31. [www.bloomenergy.com](https://www.bloomenergy.com/news/bloom-energy-hits-the-public-market/)
32. [www.bloomenergy.com](https://www.bloomenergy.com/news/bloom-energy-unveils-electrolyzer/)
33. [www.bloomenergy.com](https://www.bloomenergy.com/news/bloom-energy-inaugurates-high-volume-electrolyzer-production-line/)
34. [www.bloomenergy.com](https://www.bloomenergy.com/news/bloom-energy-launches-series-10-net-zero-compliant-solution-accelerating-adoption-of-clean-power-generation/)

AI-generated summary; may contain errors. Not investment advice. Sign up to Finbar to view original document sources and access worldwide fundamental financial data and intelligence.