Fuel cell start-up Bloom Energy files for IPO: Reuters

Start-up Bloom Energy Corp, which makes fuel cell boxes that can power an entire building, filed for an initial public offering with the U.S. Securities and Exchange Commission late on Tuesday. The Sunnyvale, California-based company has applied to list its Class A common stock on the New York Stock Exchange under the symbol “BE.” (bit.ly/2l4LwzL) The regulatory filing showed the company intends to raise up to $100 million in the IPO, though the amount in the first filing is usually a placeholder. Bloom boxes, Bloom Energy’s solid oxide fuel cell (SOFC) power generator, provides 100 kilowatts of electricity – enough to power 100 average U.S. homes. The U.S. Congress in December extended tax credits to fuel cells makers which is expected to boost profits in the industry. J.P.Morgan, Morgan Stanley, Credit Suisse, KeyBanc Capital Markets and BofA Merrill Lynch are among lead underwriters to the IPO.

Inven Capital backs Sunfire

Sunfire GmbH, a developer of reversible high-temperature electrolysers and high-temperature fuel cells, has secured an undisclosed amount of funding. The investors included Inven Capital, Total Energy Ventures and Electranova Capital, managed by Idinvest Partners. PRESS RELEASE Dresden, 23. November 2015.sunfire GmbH –a developer and producer of reversible high-temperature electrolysers(RSOC) and high-temperature fuel cells (SOFC) –has successfully completed a further round of financing by securing the funds it requires for future market development and product industrialization. Multiple private investors(the ‘sunfire Entrepreneurs’ Club’) and INVEN CAPITAL(a venture capital arm of Czech energy provider ČEZ) led the way as an eight-digit investment in the firm was acquired. Capital was also injected by existing partners in the shape of Total Energy Ventures and Electranova Capital, managed by Idinvest Partners and sponsored by EDF Group,as well as founders Carl Berninghausen (CEO), Christian von Olshausen (CTO) and Nils Aldag (CFO).KfW remains a
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