Bloom Energy, a Silicon Valley startup funded by Kleiner Perkins and John Doerr, is promoted as a "power plant in a box" that allegedly turns natural gas into electricity via electromechanical reactions. Industry insiders suggest the technology is a front for natural gas-fired plants and relies on government tax credits rather than true innovation. Speculation suggests an upcoming IPO is designed to allow early investors to exit before the technology's inefficiencies are fully exposed.
