LIVE: The Bloom Energy Unveiling Event!

We’re here live at the official unveiling of Bloom Energy’s Bloom Box. The 8-year-old company that has raised close to $400 million is finally showing off its fuel cell after a huge PR blitz that started Sunday with a “60 Minutes” video and an article in Fortune. Here’s some of our coverage this week of Bloom: 10 Things to Know About Bloom Energy, The Bloom Box: What All the Fuss Is About, 10 Fuel Cell Startups Hot on Bloom Energy’s Trail. The event starts at 8:30AM, and California Governor Arnold Schwarzenegger, and General Colin Powell are supposed to be here – stay tuned.

8:45AM: The event started late, and now Bloom’s showing a cheesy video about “realizing dreams.”

Founder K.R. Sridhar takes the stage and introduces California Governor Schwarzenegger.

Schwarzenegger: “I like hanging out with this guy (Sridhar) because then I’m not the only guy with an accent.” I was here at Bloom in 2006 with Mayor Bloomberg. The spirit, the optimism, the daring is part of California. Now the greentech capital of the world. Bloom’s fuel cell technology has potential to revolutionize the energy industry. Power is 60 percent cleaner than coal fired power plant. Don’t need transmission lines. This eBay campus has been powered by 5 Bloom boxes since July. A wave of innovation is washing over the state of California. We need “jobs, jobs, jobs.”

8:58AM: Sridhar takes the stage again.

“It started on Mars.” The thought of handing our children a broken planet is not what I thought we should do. 2 billion people don’t have affordable access to energy. You can’t conserve your way out of this probelm, you can’t drill or mine or burn your way out of this problem. We simply have to find a different way. We saw this as a call to our generation to make an impact. An impact that can do good and make good. The world needs accessible, affordable energy that is sustainable.

Why don’t we follow examples of success: computing — provided access in places we never dreamed 20 years ago — cell phones — you can go to a tiny village and everyone has cell phones. To wireless spread needed to be distributed and also reliable and affordable. Is that bar sufficient for energy? No. The bar is slightly higher. That bar is clean. It also had to be clean. Why clean? When you take a power plant that is hundreds of miles away putting out dirty emissions, either the dirty emissions have to go to you have to go. For energy to be distributed it had to be clean. That was our calling and we at Bloom had to play a part in that.

In the Valley companies are founded with a technology, a product, and what markets can I serve. This company was founded on we saw the problem and thought what is the product that will deliver this? The need for backyard power to be clean is a centuries old idea — we just have to go back to it. Distributed electricity — Thomas Edison had this idea. He was way before his time. The fuel cell. Yes folks, we did not invent the fuel cell — 1830s.

9:10: The core of our technology. The core of our technology simply is sand — available in plenty, on multiple continents on ocean beaches. From this sand you get zirconium oxide. Shows off flat piece of sand. We take this material and do a process we call “powder to powder.” We use mass manufacturing techniques that the semiconductor industry developed a long time ago. The uniqueness of this 4 things: affordable, the kind of fuels that we can use, we can both use as energy reducing and energy storage device, and electricity performance efficiency. No precious metals, no acids. We can use a variety of fuels, without the need for chemical plants that are complex.

In a few years how we will use it is to home energy server of the future. It simply has a solar panel and one of our Bloom Home Energy servers. Together it will give you electricity day and night and also charge your automobile. This is a product of the future — a decade or there abouts.

Twice as efficient as U.S. grid. Need half the fuel of grid. Half traditional fuels. If you use a carbon-friendly fuel you’re neutral. Isn’t that wonderful? This is 24-hour power – not when the sun shines and the wind blow. That’s how this simple piece of sand is different from others. Think of the stack as a chip. Take a bunch of the stacks, put together in a box, about the size of a refrigerator and its about the size of powering a small coffee shop.

We didn’t want to talk about a technology that so many had tried before until we had products and test points. It took 8 years and $400 million to test and make sure the fuel cell worked and get results from the customers. This is a day I’ve been looking forward to a very long time.

9:30 John Doerr, Kleiner Perkins partner and Bloom investor, takes the stage.

Doerr: This is like the IPO of Google. Introduces a panel of customers.

eBay’s CEO John Donahoe: This is a good day for Bloom but also for cleantech. We literally ran into Bloom when we were halfway through . Bloom powers 15 percent of the energy of this campus. KR and the team did everything they said they would do. Our employees love to be the beta customer for this.

Wal-Mart COO Bill Simon: We aspire to power our units with 100 percent renewable energy and reduce our carbon footprint. It has to be profitable first and foremost. We also need scale. So the ability for us to take innovation of this sort is what our business model is.

Rob Carter, CIO and EVP Fed-Ex: Installed Bloom box in Oakland Fed-Ex hub. We met them moving stuff around in the early days of the company. We’ve got a 5 kw array to match the Bloom box so we can take it almost completely off the grid.

Brian Kelley, Coca-Cola: One of aggressive goals is to have measured our carbon footprint in 2004 and have same carbon footprint as 2015 — even with growth. We decided to put a Bloom box at our Odwalla juice plant and power 1/3 of the plant.

Jim Kennedy, Cox Enterprises: Solar makes good financial sense for us, and when we heard about Bloom we thought this is too good to be true. And we decided to try. We installed 4 units at KTVU in San Francisco. It’s been working for over a month now. Powers 70 percent of the facility and we can do it cheaper.

Larry Page, Google: First customer at Bloom. I was surprised. Our facilities manager said oh theres some fuel cells generating electricity. I didn’t have to know about it. We didnt have to call the mayor, etc, which we have to do for some other renewables. People thought they were transformers. They were easy to deploy. That’s the beauty of this product. Distributed power is a big deal. I’m a big supporter of this. Id love to see us having an entire datacenter running on this some day.

10:00AM: General Colin Powell — Kleiner limited partner, and Bloom board member, takes the stage (these are some notes):

This is a breakthrough product. I was looking for what next to do and John Doerr said why don’t you come and see whats going on with Kleiner Perkins. Five years ago I first visited Bloom in a garage. Bloom is exciting because this can help people move up in the middle class — in China they are building out massive amounts of power — clean and dirty — and they want to buy things that consumer energy. I see this (Bloom) also in rural African villages and in homes. My wife keeps complaining that I won’t buy a backup diesel generator – I said honey just wait for a Bloom box (joke).

Over the years I’ve been very excited to work with Bloom, sometimes I give KR lectures — I’m still a general. But I am excited to be out of hiding. We’re not hiding anymore.

Bloom previously announced some large tech company customers like eBay (s EBAY) (the unveiling event is being held at eBay’s campus), Google (s GOOG), Wal-Mart, Fed-Ex, and Staples, but Bloom says in the press release material this morning that it has some other impressive customers including Bank of America (a BAC), The Coca-Cola Company, and Cox Enterprises. Other stats from the press release materials is: “each Bloom Energy Server provides 100 kilowatts (kW) of electricity,” and “customers typically expect a 3-5 year payback on their investment from the energy cost savings.” Other math on the Bloom Box return on investment from the Oil Drum puts the ROI more at 15 years (perhaps 3 to 5 years is with the state subsidy).

Bloom says in its press release material that its fuel cell is different than previous hydrogen fuel cells in four ways:

  • Lower cost materials
  • “Unmatched efficiency in converting fuel to electricity”
  • Has the ability to run on a wide range of renewable or traditional fuels
  • More easily deployed and maintained

Images of the Bloom Boxes below: