Since 2017, Kevin Graetz has served as a private consultant for innovative technology companies seeking private equity and venture capital funding. Kevin Graetz is passionate about companies that develop technology with the capacity to change the world. One of these companies is the clean energy firm, Bloom Energy.
Since debuting its proprietary fuel cells in 2010, Bloom Energy has sold one of the cleanest energy systems on the market. Despite the environmental benefits and reliability of Bloom electricity generators, the company relied on subsidies and costly purchasing agreements to price its product competitively. Many of these incentives are set to expire by 2023.
As a result of the Biden administration’s promise to prioritize climate change by supporting green energy initiatives, Bloom Energy anticipates the drafting of supportive policies. For example, the administration could extend fuel cell tax incentives, encouraging more commercial customers to adopt Bloom Energy’s technology. Biden’s pledge to rejoin the Paris Climate Agreement and allocate $2 trillion to tackling climate change will also boost opportunities for Bloom and other green energy companies.
Since debuting its proprietary fuel cells in 2010, Bloom Energy has sold one of the cleanest energy systems on the market. Despite the environmental benefits and reliability of Bloom electricity generators, the company relied on subsidies and costly purchasing agreements to price its product competitively. Many of these incentives are set to expire by 2023.
As a result of the Biden administration’s promise to prioritize climate change by supporting green energy initiatives, Bloom Energy anticipates the drafting of supportive policies. For example, the administration could extend fuel cell tax incentives, encouraging more commercial customers to adopt Bloom Energy’s technology. Biden’s pledge to rejoin the Paris Climate Agreement and allocate $2 trillion to tackling climate change will also boost opportunities for Bloom and other green energy companies.