Bloom Energy Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2. — Properties
Table of Contents
Index to Financial Statements
The table below presents details for our principal properties:
| Facility | Location | Approximate Square Footage | Held | Lease Term |
|---|---|---|---|---|
| Corporate headquarters1 | San Jose, CA | 183,000 | Leased | 2031 |
| Manufacturing, warehousing, research and development2 | Sunnyvale, CA | 60,000 | Leased | 2024 |
| Research and development2 | Mountain View, CA | 44,000 | Leased | 2024 |
| Manufacturing, research and development | Fremont, CA | 326,000 | Leased | * |
| Manufacturing and warehousing | Newark, DE | 377,000 | Leased | ** |
| Manufacturing and warehousing3 | Newark, DE | 178,000 | Owned | n/a |
*Lease terms expire in December 2027, February 2036 and November 2037.
**Lease terms expire in February 2026, December 2026, April 2027, June 2028 and October 2028.
1 Our corporate headquarters is used for administration, research and development, and sales and marketing.
2 As of December 31, 2024, lease agreements for the 60,000 sq. ft. manufacturing, warehousing and R&D facility in Sunnyvale, CA, and the 44,000 sq. ft. R&D facility in Mountain View, CA, expired and were not renewed.
3 Our first purpose-built Bloom Energy manufacturing center for the fuel cells and Energy Server systems assembly and was designed specifically for copy-exact duplication as we expand, which we believe will help us scale more efficiently.
We lease additional office space as field offices in the U.S. and office and manufacturing space around the world including in India, Germany, Ireland, Japan, the Republic of Korea, Taiwan, China, and Singapore. To support our growth expectations, we invested in additional manufacturing capacity at a new facility in Fremont, California. In July 2022, we announced the grand opening of this multi-gigawatt manufacturing facility, representing a $200 million investment. It followed the expansion of the company’s global headquarters in San Jose in June 2021 as well as the opening of a new research and technical center and a global hydrogen development facility in Fremont. This facility provides additional capacity necessary for future growth.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.