Bloom Energy Corporation
Bloom Energy Appoints Daniel Berenbaum as New CFO
Summary
Bloom Energy Corporation announced on April 17, 2024, the appointment of Daniel Berenbaum as its new Chief Financial Officer, effective April 29, 2024. Berenbaum, a seasoned financial leader with over three decades of experience, succeeds Greg Cameron who will remain with the company until mid-May 2024 to ensure a smooth transition. Berenbaum's compensation includes an annual base salary of $575,000, a sign-on bonus of $200,000, relocation payment of $150,000, and equity grants. The appointment is detailed in a press release attached as Exhibit 99.1.
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About Bloom Energy Corporation
Bloom Energy Corporation focuses on providing advanced energy solutions through the development and manufacture of innovative solid oxide fuel cells. These fuel cells are part of a proprietary system known as the Bloom Energy Server, which transforms natural gas or biogas into electricity efficiently and cleanly. Aimed primarily at large-scale commercial and industrial clients, Bloom Energy not only enables businesses to generate their own on-site electricity but also supports sustainability goals by significantly reducing emissions compared to traditional energy sources. Founded in 2001 and headquartered in San Jose, California, the company plays a critical role in the shift towards clean energy, impacting sectors such as technology, healthcare, and retail. Bloom Energy's solutions promote energy independence and resilience by offering reliable power that is less susceptible to grid disruptions, underscoring its importance in the modern energy landscape.
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