Secure, Clean, Reliable Energy

May 2015 May

Who is Bloom Energy?

Mission: “To make clean, reliable energy affordable for everyone in the world.”

Solid technology first pioneered for NASA

Blue Chip Customers Proven Performance Mission Critical Implementations

Page 2 The Bloom Energy Server: 21st Century Solution

All-Electric Solution

AC Power

Natural Gas or DC Power Biogas

Low/No CO2 No NOx or SOx

Mission Critical reliability Resiliency to threats Cost control and predictability Meet sustainability objectives

Page 3 | Confidential Rapid Growth with > 150 MW Deployed

2008 Today

Page 4 | Confidential How It Works

Convert fuel directly into electricity…without combustion

Conventional Electrical Generator Bloom’s Fuel Cell

Natural Gas Natural Gas (Chemical Energy) (Chemical Energy)

Combustion (Thermal Energy)

Turbine (Mechanical Energy)

Alternator Electrochemical Reaction (Electrical Energy) (Electrical Energy)

Efficient = More Electricity Inefficient = Less Electricity

Bloom offers up to 60%+ electrical efficiency, the highest commercially available.

Page 5 | Confidential Scalable, Flexible, Modular

Fuel Cell Stack Module System Solution 25 W 1 kW 40-50 kW 200 - 250 kW 200 kW to MWs

Page 6 | Confidential Attributes of Bloom Platform

2. Reliable, Constant Electrical 3. Solid State & Redundant Design 1. Simple, Modular Building Blocks Output 24x7x365 Resilient to External Events For “Pay as You Grow” Scalable Solutions

8. Time to Power 4. Reduced/Zero CO2 No NOx/SOx The Bloom Energy Server

7. Local Fuel Flexibility 6. Cost Control and Natural Gas, Biogas, LNG 5. Low Resource Demands Predictability for Up to 20 Years Requires Virtually No Water

Page 7 | Confidential Bloom: Highly Scalable Streamlined Solutions

400 kW 6 MW Office Tower Setback Data Center

400 kW 10 MW Central Office Data Center

1 MW 30 MW Biotech Laboratory Utility Deployment

Page 8 | Confidential Mission Critical Deployment Example

Traditional topology reliability 0.98 Streamlined Bloom Energy topology 0.998 “Dramatically outperforms”

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Department of Defense

Industry Government Agency The DOD has deployed a 1.6 megawatt Bloom Energy installation at

Bloom Installation the NSA Campus, located on Fort Meade, Maryland. Since 2013, The 1.6 MW – Fort Meade, MD Department of Defense has been gaining real world experience in

Objective understanding how fuel cells can play an important role in the DOD Department of Defense has a stated mission to reduce energy costs, decrease energy security strategy. The goal is to ensure access to reliable reliance on foreign oil, ensure energy supplies of energy and to deliver sufficient energy to meet mission security, and achieve sustainability goals. critical requirements. The fuel cells are designed to generate power Headquarters on-site, eliminating the need for critical electrical transmission from Washington, D.C. the grid. It provides reliable power, eliminates the need for costly backup infrastructure, and reduces carbon emissions at the facility.

Page 10 | Confidential Policy Issues

. Investment Tax Credit Section 48 . Investment Tax Credit Section 48 . Investment Tax Credit Section 48

Page 11 | Confidential Contact Information

Jon Powers Managing Director Public Sector Business Development [email protected]

Page 12 | Confidential Page 13 | Confidential Apple

Industry Technology “When our bio-gas-powered fuel cell installation comes Bloom Installation 10 MW – Maiden, NC online later this year, it will provide more than 40 million kWh of renewable energy annually.” Objective

Increase energy reliability and power the North Carolina data center with -Apple renewable energy.

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Industry Retail

Bloom Installations 40+ Projects in CA and on the East Coast

Objective Walmart seeks an energy solution that will "At Walmart, our goal is to be supplied by 100 help them achieve their renewable percent renewable energy. To do this, we are energy targets while contributing to lower costs and providing the potential to supply considering a number of emerging technologies, continuous power to stores, even during including Bloom Energy, to ensure they work for our critical grid outages. business, help lower costs for our customers, and reduce our impact on the environment. We hope to use our scale to help bring these technologies to market in a fast and cost effective way." – Bill Simon Chief Executive Officer

Page 15 | Confidential