BloomEnergy, used to be called Ion America, is a stealth start-up developing a fuel cell to produce hydrogen and electricity.

According to CNN Money, Bloom Energy’s vision is to use solid-oxide fuel cells to allow homes to generate their own electricity. The fuel cells would use (but not burn) hydrocarbon fuel, and produce just half the carbon dioxide that today’s power plants do. One fuel cell should be enough to serve a home; homes could sell excess power back to the grid.

Financials

Date Type Amount Investors Valuation
Series D 103M New Enterprise Associates, Kleiner Perkins Caufield & Byers, Mobius Venture Capital Unknown

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Competitors

Jadoo Power Systems: Jadoo is the largest supplier of fuel cells in the world today. By finding power solutions… See Company Profile »
Clean Mobile: Clean Mobile AG is located south of Munich. The company's mission is to provide innovative fuel… See Company Profile »
CellTech Power: CellTech’s fuel cells operate directly on readily available fuels such as diesel, JP-8 and coal. Our… See Company Profile »
BlacklightPower Inc: BlackLight Power, Inc. is the inventor of a commercially competitive, nonpolluting new primary source of energy… See Company Profile »

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