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SoftBank and Bloom Energy to create joint venture

Staff writer |
SoftBank Group and Bloom Energy announced the establishment of a new 50/50 joint venture that intends to address Japan's need for clean and affordable electricity.

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The new company, Bloom Energy Japan Limited, with representative director and CEO Shigeki Miwa, will deploy Bloom Energy's unique, rapidly deployable Energy Servers and offer the generated electricity from the Servers to customers seeking to take control of their energy destiny while also contributing to Japan's energy security, sustainability, and economy.

Bloom Energy has been generating power for customers in the United States, including Walmart, AT&T, Google, eBay, The Coca Cola Company, and many others, and has generated over 700,000,000 kilowatt hours over the last five years.

By using the Bloom Energy Server, these companies can efficiently generate their own electricity onsite, reduce their carbon & water footprint while lowering energy costs and mitigating power outage risks.

"I am delighted that we are establishing this Joint Venture with Bloom Energy, an innovation leader in energy. By providing Bloom Energy's breakthrough technology through this new Joint Venture, SoftBank will further empower the adoption of innovative, clean energy," said Masayoshi Son, representative of SoftBank Group.

"Empowering customers in Japan to buy electricity on their terms is another significant step on our journey to change the way energy is generated and consumed in the world," said KR Sridhar, principal co-founder and CEO of Bloom Energy.

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