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.

A Look at Bloom Energy’s Energy Server Platform

Kevin Graetz leverages decades of venture capital experience as a consultant and private equity investor in Connecticut. Over this career, Kevin Graetz has worked closely with Silicon Valley executives. To date, he has raised and allocated more than a billion dollars for early-stage startup firms that include Raza, Iskoot, and Bloom Energy.

Bloom Energy, an innovative provider of on-site electric power solutions, has worked to provide reliable, sustainable electrical power since its founding in 2001. The San Jose, California-based company shipped its first commercial products to Google in 2008, and since that time has helped customers generate millions of kWhs of power through its high-tech Energy Server Platform.

The Energy Server Platform provides constant power through a distributed generation system. A customizable solution, the Energy Server Platform leverages technology rooted in NASA fuel cell concepts that used electric solar panels to produce air and fuel on other planets. By leveraging this technology, Bloom Energy’s platform offers one of the most efficient energy generators for corporate applications in the world. Moreover, the platform provides customization options for customers. 

For additional information on the Energy Server Platform, visit bloomenergy.com.

Home Depot Partners with Bloom Energy in Renewables Deployments

Kevin Graetz is a longtime technology investor who has held leadership and investment positions in a variety of startups, including Amyris and Quantum Fuel Systems. Companies for which Kevin Graetz has raised significant money include Bloom Energy, which is rooted in K. R. Sridhar’s work to design a NASA fuel cell that would take the electricity produced via solar panel and direct it toward air and fuel generation. 

Though the NASA project ended in 2001, the core research continued, with a venture-financed focus on generating reliable and clean energy from any location worldwide. As reported in Green Tech Media, Bloom Energy’s efforts are integral to the overall mission of Home Depot, which has earned Energy Star recognition over the past six years and been honored by the Environmental Protection Agency through supply chain and water awards. 

Beginning in 2014, the nationwide chain initiated a partnership with Bloom Energy that resulted in nearly 200 two-hundred-kilowatt fuel cell system projects being installed at Connecticut, New York, California, and Massachusetts retail locations. The 27 projects that were completed in 2018 also featured newly introduced battery storage capacities. 

This sustained effort sets Home Depot comfortably on track to achieve its goal of 135 megawatts in offsite and onsite renewable capacity by 2020. With approximately 130 megawatts already in place, projections are that the goal will be attained as early as mid-2019. Renewables also figure prominently into Home Depot’s retail strategy, with $50 million in solar panel systems sold annually and wind turbines also available to consumers.