How far off can the Bloom Energy IPO be?
Its growth signals Bloom Energy may be close to an IPO.
In addition to plans to add 1,000 new jobs and quadruple the size of its Silicon Valley manufacturing operations, Bloom Energy has raised more than $400 million in venture capital to date.
Is an IPO still possible in the company's future? That was the rumor last year. Perhaps Bloom is getting closer to that target as it continues to show explosive growth.
And chances are the company isn't done yet. For a startup, the company has been about as high profile as cleantech companies come, though it is debatable whether its technology is green compared to cogeneration systems, for example.
Bloom is clearly thinking in terms of scale with the announcement about hiring and expansion. But it is going to likely need more capital, either by going public or from its big name backers such as Kleiner Perkins Caufield & Byers, New Enterprise Associates, and Morgan Stanley. It needs to get its costs down and commercialize product, something it is being helped on by experts like Jan van Dokkum.
Read more in the Silicon Valley/San Jose Business Journal.
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