No energy grid required with Bloom Electrons

Bloom Energy, operating from the Silicon Valley, is pioneering a clean energy source dubbed the Bloom Box. The Bloom Box is a self-contained source of energy. So far its on-site application has been cost prohibitive for the mainstream. To nudge the Bloom Box to the mainstream, Bloom Energy is starting a finance program that connects companies to Bloom Box power without the capital investment within the technology. This could help many individuals get Bloom Box without needing a payday loan to sign up. Post resource - Bloom Energy offers 10-year contract for cheap power off the grid by MoneyBlogNewz.

The Bloom Electrons System facts

The clean power industry was happy to welcome in Bloom Energy. The Bloom Box seemed perfect. Electricity can be produced with the “energy saver” Bloom Box. There is a very low carbon footprint with it as well. Over $700,000 is needed to pay for a Bloom Box. The price has brought on the number of Bloom Energy consumers to be fairly low. Businesses include Bank of America, FedEx, eBay and Google. To increase demand for Bloom Boxes, Bloom Energy partnered with Credit Suisse and Silicon Valley Bank to create Bloom Electrons. Bloom Electrons is a financing company that offers 10-year contracts for electricity from on site Bloom Boxes at a fixed rate.

Using clean power to make Bloom Electrons go

Bloom Electrons allows businesses to go off the power grid using Bloom Box power with no upfront costs. It is expected that a Bloom Box bought upfront can be something businesses start to benefit from within three to six years of having it. The cash is all made up by then. Corporations can use Bloom Electrons to start saving 20 percent immediately with Bloom Energy. What is being paid in CA is what can be saved. At present, Bloom Electrons only pencils out in CA. It is about 10 cents per kilowatt-hour within the United States for average electricity. Bloom Boxes can produce power at about 14 cents per kilowatt-hour. Then you will find the federal clean power incentives and California subsidies to take into account. The price becomes 7 cents per kilowatt-hour due to it.

Viewing Bloom Box all over

In three to five years Bloom Energy plans to have the Bloom Box well enough done so that it can compete without the need for subsidies. The first thing the business is worried about is meeting demand for the Bloom Electrons system. The production will have to go up. One Bloom Box a month was created by Bloom Energy 2 years ago. One Bloom Box a day could be shipped now. If Bloom Energy can decrease the production price along with increasing production, it could eventually meet its goal of supplying clean power to the developing world.

Articles cited

Business Week