Financial Data and Key Metrics Changes - The company reported record total revenue of $301 million for Q2 2023, representing a nearly 24% increase compared to the previous year [18] - Product costs decreased by 13%, leading to an improvement in product margin by 670 basis points [18] - The total cash balance at the end of Q2 was $923 million, positioning the company well for growth [18][20] - The non-GAAP gross margin was 20.4%, with expectations to achieve a positive non-GAAP operating margin and cash flow from operations for the year [21][22] Business Line Data and Key Metrics Changes - The company is focusing on large-scale projects, particularly in data centers, which require complex solutions and longer sales cycles [19] - The introduction of the Series 10 offering aims to address customer needs for affordable, reliable, and flexible power solutions [11][19] - The service business is expected to improve in the coming quarters, with the second quarter anticipated to be the largest service loss [22] Market Data and Key Metrics Changes - The demand for power is significantly outpacing supply, leading to power shortages and rising energy costs [7][8] - The company is seeing increased interest from businesses regarding energy security and decarbonization goals, making energy strategy a critical boardroom issue [8] Company Strategy and Development Direction - The company is committed to providing scalable and proven energy solutions that can operate on natural gas and transition to hydrogen as it becomes available [9][12] - The launch of the enhanced combined heat and power (CHP) solution is aimed at decarbonizing industrial processes and reducing energy costs [15][16] - The company is actively pursuing international markets, with recent successes in Europe and Asia, indicating a strong sales pipeline [46][47] Management's Comments on Operating Environment and Future Outlook - Management highlighted the urgency for businesses to find reliable energy solutions due to ongoing power shortages and rising costs [7][8] - The company expects to see revenue growth similar to Q2 in Q3, with slight improvements in margins due to cost reductions and better service performance [23][29] - Management remains optimistic about the future, emphasizing the importance of their product solutions in achieving a net-zero carbon future [23] Other Important Information - The company executed a convertible green bond offering, raising net proceeds of $560 million [20] - The Series 10 offering is designed to provide a flat power price for five years, addressing customer concerns about rising energy costs [11][62] Q&A Session Summary Question: When should the Series 10 products start impacting the P&L? - Management indicated that while the Series 10 will primarily drive revenue in 2024 and 2025, initial transactions are expected to occur within the current year due to shorter sales cycles [24][25] Question: Can you elaborate on the margin trajectory for Q3 and Q4? - Management expects Q2 to be the peak for service losses, with improvements anticipated in the second half of the year, particularly in Q4, which is typically the largest acceptance quarter [29][30] Question: What are the implications of the U.S. Treasury's guidance on H2 production tax credits? - Management expressed confidence in their electrolyzer technology's adaptability to various regulatory outcomes, emphasizing their agnostic approach to hydrogen production [33][34] Question: Can you quantify the savings from the CHP system? - Management noted that customers could see up to 30% cost savings and a similar reduction in carbon footprint by utilizing the CHP system for cooling applications [39][40] Question: What is the status of the electrolyzer project at Prairie Island? - Management confirmed that the project is on track for regulatory approvals and is expected to showcase their technology effectively [41][42] Question: What is the company's strategy for international markets? - Management highlighted successful partnerships in Europe and ongoing efforts in Asia, particularly in Taiwan, indicating strong momentum in international sales [46][47] Question: How is the company managing supplier relationships in the hydrogen economy? - Management emphasized the importance of building relationships with suppliers and leveraging existing partnerships to enhance their supply chain for electrolyzers and fuel cells [50][51]

Pledged Funds - In 2019, pursuant to the PPA IIIb upgrade of Energy Servers, we established a restricted cash fund of $20.0 million, which had been pledged for a seven-year period to secure our operations and maintenance obligations with respect to the totality of our obligations to the financier. All or a portion of such funds would be released if we meet certain credit rating and/or market capitalization milestones prior to the end of the pledge period. If we do not meet the required criteria within the f ...

Bloom Energy Corporation (NYSE:BE) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Ed Vallejo - VP, IR K.R. Sridhar - Founder, Chairman and CEO Greg Cameron - President and CFO Conference Call Participants Andrew Percoco - Morgan Stanley Manav Gupta - UBS Alex Vrabel - Bank of America Sam Burwell - Jefferies Jason Vernoff - Oppenheimer Sangita Jain - KeyBanc Pavel Molchanov - Raymond James Luke Tilkens - Piper Sandler Jordan Levy - Truist Abhishek Sinha - Northland Capital Noel ...

FORM 10-Q 1 PART II - OTHER INFORMATION Item 1 - Legal Proceedings 44 Item 1A - Risk Factors 44 Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds 44 Item 3 - Defaults Upon Senior Securities 44 Item 4 - Mine Safety Disclosures 44 Item 5 - Other Information 44 Item 6 - Exhibits 45 2 ITEM 1 - FINANCIAL STATEMENTS We have variable interest entity related to PPA V (see Note 10 - Portfolio Financings) and joint venture in the Republic of Korea (see Note 15 - SK ecoplant Strategic Investment), w ...

• require super-majority voting to amend some provisions in our restated certificate of incorporation and amended and restated bylaws; • authorize the issuance of "blank check" preferred stock that our board of directors could use to implement a shareholder rights plan; • authorize only the chairman of our board of directors, our chief executive officer, or a majority of our board of directors to call a special meeting of stockholders; • prohibit stockholder action by written consent, which thereby requires ...

Bloom Energy Corporation. (NYSE:BE) Q4 2022 Earnings Conference Call February 9, 2023 5:00 PM ET Company Participants Ed Vallejo - Vice President, Investor Relations K.R. Sridhar - Founder, Chairman & Chief Executive Officer Greg Cameron - Chief Financial Officer Conference Call Participants Manav Gupta - UBS Julien Dumoulin-Smith - Bank of America Michael Blum - Wells Fargo Martin Malloy - Johnson Rice & Company Jordan Levy - Truist Securities Colin Rusch - Oppenheimer Sam Burwell - Jefferies Biju Perinche ...

Bloom Energy Corporation (NYSE:BE) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Ed Vallejo - Vice President, Investor Relations K.R. Sridhar - Founder, Chairman & Chief Executive Officer Greg Cameron - Chief Financial Officer Conference Call Participants Sam Burwell - Jefferies Michael Blum - Wells Fargo Securities Maheep Mandloi - Credit Suisse Julien Dumoulin-Smith - Bank of America Martin Malloy - Johnson Rice & Company L.L.C Noel Parks - Tuohy Brothers Kashy Harrison ...

| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | Forward-looking statements and non-GAAP financial measures 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. In some cases, you can identify forward-looking statements because they con ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________to ____________ Commission File Number 001-38598 _____________________________ ...

Bloom Energy Corporation (NYSE:BE) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Ed Vallejo - Vice President, Investor Relations K.R. Sridhar - Founder, Chairman & Chief Executive Officer Greg Cameron - Chief Financial Officer Conference Call Participants Michael Blum - Wells Fargo Julien Dumoulin-Smith - Bank of America Alex Kania - Wolfe Research Kristen Owen - Oppenheimer Ben Kallo - Baird Graham Price - Raymond James Noel Parks - Tuohy Brothers Biju Perincheril - Susque ...