Bloom Energy Corporation
Bloom Energy Grants Performance-Based Stock Options to Chief Commercial Officer
Summary
On August 29, 2024, Bloom Energy Corporation's Compensation Committee approved the grant of performance-based stock options (PSOs) to Aman Joshi, the Company's Chief Commercial Officer. The PSOs target 180,000 shares of Class A common stock, with the potential to earn up to 270,000 shares based on performance against operational and financial goals. The PSOs vest in three equal annual installments from fiscal 2024 to 2026, subject to Joshi's continued service.
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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.
Official SEC Documents
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