Bloom Energy has raised another $130 million. A blog for Fortune magazine indicates the company has raised $1.1 billion to date and there has been talk of the company holding a public stock offering.
Going public would be a big change for Bloom which closely guards financial information.
Not surprisingly, the $1 billion figure is compared to funding for two other ill-fated ventures Fisker and solar cell maker, Solyndra.
Delaware is all too familiar with the sad tale of Fisker and its now-shelved plan to build a mid-sized hybrid in Delaware.
However, the article goes on to note that Bloom may be closing in on profitability.
Bloom is expected to begin producing fuel cells at its Newark plant later this year and based on previous reports, the plant could lower costs of production. If enough orders are in place, a profitable Bloom may emerge.
And unlike Fisker, Bloom enjoys a good reputation for reliability, with Delmarva Power President Gary Stockbridge noting that the Bloom boxes hummed right along during Superstorm Sandy.
Click here for a link to the Fortune Post.
