confidential1 introducing bloom energy bloom energy delivers a clean, cost effective, and highly...
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Confidential1
Introducing Bloom Energy
Bloom Energy delivers a clean, cost effective, and highly reliable “on-site” energy generation solution for stationary applications
Total global electricity market is >$1 trillion per year, and there are over 2 billion people in the world who currently have no access to power
Bloom Energy’s solution leverages Solid Oxide Fuel Cell technology; first pioneered for NASA
Management team combines fuel cell expertise, semiconductor process and volume manufacturing experience, and business/startup know-how.
Top tier investors include Kleiner Perkins and NEA; Board includes John Doerr, Vinod Khosla
Confidential2
Traditional Distributed Generation Technologies
Clean AND Reliable AND Affordable
What’s Been Missing?
Diesel/Gas Genset
Microturbine
Solar / Photovoltaic
Wind Turbine
Proven Technology
But…
Dirty, Noisy, Inefficient
Little Bit Cleaner
But…
Noisy, Inefficient
Renewable, Clean and Quiet,
But…
Undependable, Expensive
Renewable and Clean
But…
Undependable, Noisy, Expensive
Confidential3
Introducing Bloom Energy Making Clean, Reliable Energy Affordable
Clean
Reliable
Affordable
Win for the Win for the environmentenvironment andand the the economyeconomy
Market Adoption Threshold
LegacyGenerators
Solar / Wind
XXX
Confidential4
Our Vision
The Color Of MoneyNov 13, 2006
Confidential5
Fuel Cells Explained
A fuel cell is an electrochemical device in which fuel is oxidized without combustion to generate electrical energy (direct energy conversion)
Different Types = Different Applications Commonly Four Types Associated with Stationary Power Generation
anode cathodeelectrolyte
fuel airpositive
ions (H+)
negative ions(O--)
(or)
current
Carbon +Hydrogen
Oxygen
CxHy + zO2 nCO2 + mH2O + e–+ Heat
Confidential6
Fuel Cell Technology Comparison
Why Planar?
Bloom Energy has overcome the key technological hurdles to planar SOFC development…
National Renewable Energy Laboratory (NREL) Gas-Fired Distributed Energy Resource Technology Characterizations, 2003; BE Analysis
Why Solid
Oxide?
•Cheaper •Cleaner•Fuel Flexible•Reliable•Reversible
•Higher fuel utilization
•Higher current densities
•Dramatically cheaper to manufacture
Fuel Cell TypeProton
ExchangeMembrane
PhosphoricAcid
MoltenCarbonate
SolidOxide
Electrolyte Membrane Acid Liquid Ceramic
Temperature Low Medium High Highest
Precious MetalsRequired
Yes Yes No No
Availability 95% 95% 95% 99+%
Fuel Flexible No No No Yes
CO2 Emissions 1200lbs/MWh
1200lbs/MWh
1000lbs/MWh
750lbs/MWh
Electrical Efficiency
35% 37% 44% 58%
Cathode
AnodeElectrolyte (Solid Ceramic)
Interconnect
Interconnect
FuelAir
Current Flowe-
e-e-
e-e-
e-e-
e-e-
e-
Confidential7
Competitive Advantage: SOFC vs Solar / Wind
• Solar, while clean, is only available 18% of the time on average. • Dirty, grid electricity (“brown power”) is required the other 82% of the time.• SOFC is available 24 hours a day; making it a cleaner, cheaper alternative
SOFC Solar
AC Efficiency
Physical Footprint
Availability
Emissions
Annual Electric Output
Typical Payback Range
LEED Points
Continuous (~100%) (24x7x365)
Intermittent (12-20%)(Dependent upon Day, Time, Shade, Weather, Dirt, etc.)
858 MWh 158 MWh
4-6 years 7-15 years
100kW 100kW
783 lbs/MWh 942 lbs/MWh(includes grid emissions when solar unavailable)
~200 sq ft ~10,000 sq ft
50-60% 8-18%
7-12 4-7
SOFC100kW
Solar100kW
SOFC Solar
AC Efficiency
Physical Footprint
Availability
Emissions
Annual Electric Output
Typical Payback Range
LEED Points
Continuous (~100%) (24x7x365)
Intermittent (12-20%)(Dependent upon Day, Time, Shade, Weather, Dirt, etc.)
858 MWh 158 MWh
4-6 years 7-15 years
100kW 100kW
783 lbs/MWh 942 lbs/MWh(includes grid emissions when solar unavailable)
~200 sq ft ~10,000 sq ft
50-60% 8-18%
7-12 4-7
SOFC100kW
Solar100kW
Confidential8
Bloom Energy Value Propositions
Premium quality continuous power Reduced CO2 emissions
Reduced operating costs Protection against price volatility Energy generation and storage
Confidential9
Interest in Bloom Energy
General Colin Powell
Senator Lieberman (CT)
Speaker of the House Pelosi
Senator Feinstein (CA)
Senator Bingaman (NM)
Mayor Bloomberg (NYC) and Governor Schwarzenegger (CA)
Congressman Wamp (TN)
Senator Brownback (KS)
Senator Ensign (NV)
Charlie Rose Show w/ John Doerr and Scott McNealy
Confidential10
Why Bloom Energy?
Right Technology…• Solid oxide holds the most promise for stationary power generation
• BE has solved the technical challenges to viable mass production
Right Team…• Blend of Fuel Cell, Semiconductor Volume Manufacturing,
and Startup Know-how
Right Backing…• Silicon Valley’s Premier Venture Capitalists
Right Time…• Energy will be for the next decade what the Internet was for the last