Bloom box by Bloom energy is quite energy efficient

Many companies, in their effort to adopt for greener technologies, have installed a device called Bloom box in their offices. This device is very energy efficient and has become very popular among many corporations. This particular device is being manufactured by a company named Bloom Energy.

The company is based in Sunnyvale, California and is known for providing solid oxide fuel cell technology and making of products which are very much needed for distribution of electricity and generation of hydrogen.

The company has got ambitious expansion plans as they have announced a plan to raise $150 million in sixth round capital for establishing the new brand in the market. The Initial Public Offering or IPO of the company is being valued at $1.45 billion.