Silicon Valley fuel cell maker Bloom Energy is “halfway there” to breaking even and becoming profitable, according to the company’s CFO, Bill Kurtz, in an interview. In addition, Kurtz says Bloom has a path laid out to get to “profitability soon.”
Bloom plans to operate a plant in Newark on land owned by the University of Delaware.
Kurtz said the company is doubling the amount of fuel cells that are installed in the field, as well as revenues, every six months. The biggest challenge it face is growing as fast as it can, said Kurtz.
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