Wednesday, October 22, 2014

Bloom to Open Factory in Delaware in Geographic Expansion

Greentech Media reports that Bloom Energy is expanding its production capacity - Bloom to Open Factory in Delaware in Geographic Expansion.
Fuel cell maker Bloom Energy will open a factory on the site of a mothballed auto plant in Delaware and begin to sell fuel cells in that state.

Delaware has a portfolio standard that seeks to get 25 percent of the states capacity from renewable sources by 2025. Governor Jack Markell is pushing to get fuel cells added to the definition of "renewable." Its not impossible. President Obama in his State of the Union speech argued for a "clean" energy standard that includes nuclear, clean coal and gas, instead of a "renewable" standard. Blooms fuel cells convert gas to electricity onsite and are more efficient in most cases than converting gas at a central power plant and delivering the power through the grid.

Local utility Delmarva Power has signed a contract to buy 30 megawatts worth of Bloom boxes. Thirty megawatts will mean 100 Bloom Energy Servers. Bloom has been selling the servers for around $700,000 to $800,000 each. …

The 200,000-square-foot plant is an old Chrysler plant. Delaware has two old auto plants. Fisker Automotive took over the other. Hence the nickname "The Old Factory State" you see on those new license plates. Its also probably not a coincidence that both Bloom and Fisker come out of the portfolio of Kleiner, Perkins, Caufield and Byers. Once a VC firm links one deal with a state, others follow. Three Khosla Ventures portfolio companies have inked manufacturing deals laced with incentives with Mississippi.

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