If Bloom is doing so well - where is the IPO?
They have raised $600 million. $150 million raised in September 2011.
Growing companies need cash - but......
"A single 100 kw box, which generates enough electricity to power 100 average homes, costs between $700,000 and $800,000 — without subsidies. Lux Research figures without incentives, electricity generated from the Bloom boxes would cost $0.13 kilowatt per hour to $0.14/KWh. That’s $0.03/KWh more expensive than the average retail U.S. electricity costs, according to Lux. When incentives are including the total lifecycle cost of electricity over 10 years is $0.08 kilowatt per hour, according to Bloom Energy."
Oh - the usual answer - its too expensive except in California with its electric rates straight from Governor Moonbeam.
$8 capital cost a watt is twice the cost of US nuclear at $4 a watt. All this cost and its a CO2 source too!
How long does a Bloom Box last anyway?
Last edited Tue, 21 Feb 2012, 6:22pm
by Prof Neilson