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American fuel cell company
Bloom Energy Corporation is an American public company that designs and manufactures solid oxide fuel cells (SOFCs) which independently produce electricity onsite for power generation in data centers, manufacturing, and other commercial sectors. It was founded in 2001 and headquartered in San Jose, California; its fuel cell technology generates electricity through a chemical conversion process, which differs from most other power sources reliant on combustion, and can use natural gas, biogas or hydrogen as fuel.
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Bloom Energy stock closed at USD 289.15 on October 2 after Barclays raised its target to USD 308. Q2
In an interview with Bloomberg TV, CEO KR Sridhar explained that unlike large power plants, Bloom boxes are “fungible,” so a project delay would not be a concern.