"...physics applies here: you can’t defy thermodynamics, you can only work around it—whether through 800VDC efficiency gains, behind-the-meter fuel cells..."
One thing folks might be missing about Bloom Energy is that it's not just the physics (or electrochemistry) of the energy production but also the second order physics. How can it deliver something in 55 days? It's the physics of the production of the power producing equipment. I've alluded to it a bit in my notes, but I should probably do a more detailed post about it in the future.
Also, yes, the valuation looks to be stretched but that depends ultimately on how much it can expand its market. But yeah, the margin of safety would be lacking at current prices if this AI boom runs into any hiccups.
"...physics applies here: you can’t defy thermodynamics, you can only work around it—whether through 800VDC efficiency gains, behind-the-meter fuel cells..."
One thing folks might be missing about Bloom Energy is that it's not just the physics (or electrochemistry) of the energy production but also the second order physics. How can it deliver something in 55 days? It's the physics of the production of the power producing equipment. I've alluded to it a bit in my notes, but I should probably do a more detailed post about it in the future.
Also, yes, the valuation looks to be stretched but that depends ultimately on how much it can expand its market. But yeah, the margin of safety would be lacking at current prices if this AI boom runs into any hiccups.
Respectfully a lot of these plays have already been played out and at ATH for 2025. Every singe one of your plays are at ATH with insane valuations.
This is great! Thank you for taking the time to write this.
Good stuff . Right on . 1) nvidia dominates compute till 2028 at least .
2) inference everywhere
3) msft goog and AWS are the key providers of tokens for external use ( i.e. not Tesla or Facebook model)