KR Sridhar, co-founder and CEO of Silicon Valley startup Bloom Energy

For years, there have been promises of new energy solutions that are clean, distributed, affordable, and reliable; today we learn that Bloom, formerly in stealth, has actually delivered,” said John Doerr, a partner at investment firm Kleiner Perkins Caufield & Byers and Bloom Energy board member. “Americans want clean, affordable, energy, 24×7 — and all the jobs that go with it. Bloom’s boxes are a breakthrough, serving energy, serving demanding customers, and serving our country.”

Bloom is scheduled to unveil the technology Wednesday at a news conference attended by Gov. Arnold Schwarzenegger of California and Colin Powell, And next week is the official press conference and unveiling. Bloom customers include eBay, Google, Lockheed, Wal-Mart, Staples and the CIA,

Bloom Energy, which has created a futuristic fuel cell that can generate heat, electricity and even oxygen for submarine crews or people trapped, Sunnyvale, Calif.-basedBloom Energy is holding a press event Wednesday morning where the company is expected to unveil further details on its Bloom Box product. In case you’re just joining us, these boxes promise to not only bring ample amounts of power in a small amount of space, but to change people’s dependency on traditional power grids. All for less than $3,000 a unit.

The Bloom Energy Server, or Bloom Box as it’s being called, promises to reduce carbon emissions by at least 50 percent per kilowatt, run on a wide range of fuels, and provide electricity at a much cheaper rate per kW, compared to today’s utility grid power system. The test systems are providing power at 8 to 9 cents per kWh, according to Mr. Sridhar. (It should be noted that this price includes various California state subsidies and incentives.)

The company has been testing the Bloom Box at 20 customer sites (with price tags close to $800k) including locations like Google and eBay for the past 18 months, which have shown significant improvements in efficiency and emissions over existing fuel cell systems.

The Bloom Energy Fuel Cell Boxes are the device of the future being made to help provide a clean energy source

The Bloom Box is said to be a device that can power approximately 100 houses.

According to a press release, the box was developed by NASA scientists and can be used in different ranges of temperatures which makes the way it can be used more expansive.

Bloom Energy Fuel Cell or the Bloom Box was featured in tonight’s episode of CBS TV show “60 Minutes.’ Bloom Energy unveiled the tiny Bloom Box that will generate your own electricity from your backyard, wireless. The idea is to one day replace the big power plants and transmission line grid, the way the laptop moved in on the desktop and cell phones supplanted landlines.

In the world of energy, the Holy Grail is a power source that’s inexpensive and clean, with no emissions. Well over 100 start-ups in Silicon Valley are working on it, and one of them, Bloom Energy, is about to make public its invention: a little power plant-in-a-box they want to put literally in your backyard. You’ll generate your own electricity with the box and it’ll be wireless. The idea is to one day replace the big power plants and transmission line grid, the way the laptop moved in on the desktop and cell phones supplanted landline.

With the clean energy global initiative being one of the most focused on in the world, these boxes are said to be able to run clean and inexpensively. Major companies are said to be involved in the experimental testing including Google and Ebay.

The concept could allow households to generate their own electricity right from their backyard. It’s a completely wireless and inexpensive technology that Bloom Energy is hoping will replace the need for power plants and grids. The company is hoping to see this technology used in every household in the future. Bloom Energy is one of 100 companies that has been working on a technology of this sort, but is among the first to make an offering for its company stock to the public. That has investors salivating at the potential for one hot energy/technology stock.

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