Bloom Energy Embraces New Climate Agenda

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.

Foundational Aspect of a Functional Society

When not advising Silicon Valley startups on venture capital funding, Kevin Graetz gives back to his community through involvement in his church and local organizations. Kevin Graetz has a personal philosophy that emphasizes humility, gratitude, and compassion.

Researchers have noted that compassion and empathy are two human traits that form the foundations of a cohesive society. However, several studies have indicated that empathy amongst individuals in the Western world may be declining.

A social psychologist at Indiana University found that, since 2000, college students are making increasingly lower scores on standardized empathy measurement tests. By 2009, the average American achieved an empathy score lower than 75 percent of test-takers in 1979.

This reduction in empathy is attributed to polarization in politics and negative portrayals of outsiders. Societies can make an effort to restore empathy levels by creating spaces where people from different backgrounds can interact. This interaction can be achieved through thoughtful urban planning and empathetic policies at governmental and institutional levels.