Bloom Energy Corporation · NYSE:BE
Bloom Energy — Investor Presentation (July 2025)
22 slides from Bloom Energy's investor presentation, July 2025
Slide 1: Investor Presentation
Investor Presentation July 2025
Slide 2: Legal Disclaimer
2 Legal Disclaimer This press release contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance an
Slide 3: Bloom's Mission
Bloom's Mission To Make Clean, Reliable Energy Affordable for Everyone in the World.” 3
Slide 4: Bloom Energy at a Glance
Bloom Energy at a Glance GLOBAL FOOTPRINT MISSION Our corporate, manufacturing, and R&D offices serve as a strategic global anchors to To make clean, reliable energy affordable for everyone help organizations around the world reduce carbon emissions, enhance resiliency, and in the world. chart a pat
Slide 5: Purpose-Built for Now – excerpts from 2018 IPO
Purpose-Built for Now – excerpts from 2018 IPO Factors Driving Customer Adoption Key factors that are driving the rapid adoption of our solution include: Customers are driving a growing requirement for customized, high-quality and reliable power in the increasingly pervasive digital economy. The pro
Slide 6: Flexible Platform for Various Applications
Flexible Platform for Various Applications Energy servers have a unique ability to adapt flexibly to our customers needs Natural Gas AC Power Biogas DC Power OUTPUTS Hydrogen Flexible Voltage Intermittent INPUTS Flexible Current Energy Sources Electricity Hydrogen Water/ Steam Oxygen 6
Slide 7: Energy Server Technology
Energy Server Technology CH4 + 4O2- → CO2 + 2H2O + 8e- NAT GAS: CH 4 How it Works Alternative fuels: Anode 1 H2 Solid-oxide fuel cells Biogas 8e- Electrolyte convert fuel into electricity O2- O2- Cathode without combustion. AMBIENT AIR N2, O2 N2 + 2O2 + 8e- → 4O2- + N2 Oxygen ions react with the fue
Slide 8: Flexible and Scalable Design
Flexible and Scalable Design Scalable technology that supports the energy transition Islanded Microgrid for Constrained Space Power Largest Single Site Fuel Cell Utility Scale Generation Semiconductor Manufacturing Tower project to date 27MW in Delaware 7.8MW in Pennsylvania 20MW in South Korea 80MW
Slide 9: Gigawatt Scale United States Based Manufacturing Operations
Gigawatt Scale United States Based Manufacturing Operations Scalable manufacturing process Fremont, CA Newark, DE Cell Printing and Column Manufacturing Final Assembly and Integration Opened July 2022 Opened October 2013 164,000 sq. ft. 210,000 sq. ft. 9
Slide 10: The Grid is Facing a Myriad of Challenges
The Grid is Facing a Myriad of Challenges More frequent and Increased EV adoption Aging utility Net-zero targets are severe weather events and electrification infrastructure requiring mandating that utilities creating a capacity an increased purchase renewable shortage investment in energy transmiss
Slide 11: Transmission is a Bottleneck
Transmission is a Bottleneck 11
Slide 12: GenAI: Power Needs and US Grid Interconnection Delays are Growing
GenAI: Power Needs and US Grid Interconnection Delays are Growing ~36 gigawatt shortfall of US power access for data centers in 2025-28, growing to ~60GW through 2029 Source: Morgan Stanley, Lawrence Berkeley National Lab
Slide 13: Bloom’s Competitive Advantage
Bloom’s Competitive Advantage Time to Power Sustainability Bloom can deploy in a matter of months Fuel cells are the best technology to versus years meet your energy needs with no combustion, no particulate emissions, and significantly lower water usage Operational control Resiliency Bloom can provi
Slide 14: AI Loads - Bloom has a Flexible Design Relative to Turbines
AI Loads - Bloom has a Flexible Design Relative to Turbines 14
Slide 15: Diverse Customer Ecosystem
Cloud Services & Technology Consumer Retail, Food & Beverage AT&T Telecom, Media, Diverse & Entertainment Customer Ecosystem Manufacturing Biotech & Pharma Higher Education 15
Slide 16: Key Themes for Bloom
Key Themes for Bloom The world has a problem; we have the solution • Problem: Energy demand driven in part by AI • Solution: Power at point of use We are ready to scale profitably • We exceeded 2024 guidance on revenues, margins and cash flow We are part of the roadmap for the energy transition • We
Slide 17: Financial Performance
Financial Performance $ in millions Q2’25 Q2’24 YoY Revenue $401.2 $335.8 19.5% Non-GAAP Gross Margin1 28.2% 21.8% 6.5% Non-GAAP Operating Income (Loss) $28.6 ($3.2) $31.8 Adjusted EBITDA1 $41.2 $10.2 $31.0 Non-GAAP EPS1 $0.10 ($0.06) $0.16 Note: Dollars in millions, except per share figures and per
Slide 18: 2025 Guidance
2025 Guidance Metric 2025 Outlook Total Revenue $1.65B - $1.85B Non-GAAP Gross Margin1 ~29% Non-GAAP Operating Income1 $135M - $165M 1. With respect to Bloom’s expectations regarding its 2025 Outlook. Bloom is not able to provide a quantitative reconciliation of non-GAAP gross margin and non-GAAP op
Slide 19: Growing Revenue and Expanding Margins
Growing Revenue and Expanding Margins Revenue ($ in billions) Non-GAAP Gross Margin1 $1.65 - $1.85 $1.5 ◆ 29% 29% $1.3 $1.2 26% $1.0 $0.8 23% 23% 22% 2020 21 22 23 24 2025E 2020 21 22 23 24 2025E Reiterating 2025 guidance after Q2 2025 results 1. Please reference appendix for GAAP to Non-GAAP reconc
Slide 20: Driving Profitability and Generating Cash
Driving Profitability and Generating Cash Non-GAAP Operating Income1 Cash Flow from Operating Activities $135 - $165 $108 ◆ Similar to ‘24 $92 $19 $(7) $(38) $(33) $(61) $(99) $(192) $(372) 2020 21 22 23 24 2025E 2020 21 22 23 24 2025E Expanding profit margins; CFOA similar to 2024 levels 1. Please
Slide 21: Contact Information
Contact Information Michael Tierney investor@bloomenergy.com 21
Slide 22: What Powers You
What Bloomenergy | Powers You