Saturday, July 28, 2018

Bloom Energy completes IPO - fuel cells

Bloom Energy Corporation (NYSE:BE) completed its initial public offering of 18,000,000 shares at a price to the public of $15.00 per share, raising $270 million. 

Bloom Energy, which is based in Sunnyvale, California, offers a solid oxide fuel cell product called the "Bloom Energy Server" that converts standard low pressure natural gas or biogas into electricity through an electrochemical process without combustion. 

The company says a typical configuration produces 250 kilowatts of power in a footprint roughly equivalent to that of half of a standard 30 foot shipping container, or approximately 125 times more
space-efficient than solar power generation.  Bloom has announced a number of large customers, including AT&T, Caltech, Delmarva Power & Light Company, Equinix, The Home Depot, Kaiser
Permanente and The Wonderful Company.

According to the company's S-1 filing, as of March 31, 2018, Bloom had 312 megawatts in total deployed systems, representing an average annual growth rate of approximately 25% since 2014. In addition, as of March 31, 2018, Bloom had an additional product sales backlog of 108.2 megawatts.

Equinix to install 37 MW of Bloom Energy fuel cells


Equinix will deploy Bloom Energy fuel cells at 12 International Business Exchange (IBX) data centers in the U.S.  The installation is provided under a 15-year Power Purchase Agreement (PPA) between a subsidiary of Southern Company and Equinix. The project will provide a total capacity of more than 37 megawatts of power with a phased installation that begins in late 2017 through 2019. Equinix said the new fuel cells will be installed at seven...

Microsoft Contracts 237 Megawatts of Wind Energy


Microsoft announced two wind power purchasing agreements totaling 237 megawatts -- its biggest purchase of wind energy to date. “Microsoft is committed to building a responsible cloud, and these agreements represent progress toward our goal of improving the energy mix at our datacenters,” said Brad Smith, president and chief legal officer at Microsoft. “Our commitment extends beyond greening our own operations because these projects help create...

Global cloud provider upgrades with dark fiber and 100G from Zayo

Zayo announced that a global cloud provider customer has selected it to expand its long-haul dark fiber network and to upgrade optical wavelength capacity across the U.S.  Zayo did not disclose the name of the cloud company but said the plan represents an expansion of its existing relationship.

The dark fiber solutions include leasing of multiple long-haul dark fiber routes, including fully redundant paths to meet growing diversity requirements. The customer also selected Zayo to upgrade existing wavelength routes from 10G to 100G in order to significantly increase capacity. Zayo will also invest in additional metro network to connect to the provider’s data centers. In aggregate, the second calendar quarter commitments represent Zayo’s largest sales quarter with the long-standing customer.

“Earning this business is another vote of confidence from an important customer,” said Jack Waters, CTO and President of Fiber Solutions. “Over the years, we have demonstrated our ability to meet stringent requirements and timelines. As this provider grows and continues to expand and bullet proof its infrastructure, we are now in a position to be a trusted partner to them.”

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