Saturday, July 22, 2017

Bloom Energy Took Investor Money After Bloom Knew They Had Hazmat



The Bloom Energy Bloomdoggle involving my congressman Jared Huffman is the largest ecofraud ever.  What is really interesting is those who invested in Bloom after October 10, 2013 probably have a case against bloom, its officers, its directors, and its major shareholders like Kleiner Perkins and New Enterprise Associates on the basis of fraud.

Under the FOIA, I have an email dated January 25, 2016 from Sara Kinslow of the US EPA to Melissa Ferree of Delaware DNREC that has Bloom stating the following answer to US EPA’s question:

5. How Bloom initially found out VOCs (benzene) and metals were present on/in
the used filter material?

Answer:
Prior to October 2013 the filter media was managed in California and disposed of as a California (non-RCRA) hazardous waste due to metals content. After cleaning operations were transferred to Unicat in Texas, additional samples of the filter media
were collected and analyzed. Results received on October 10,2013 from Precision Petroleum Labs, lnc. indicated that some of the media exceeded RCRA limits for benzene. At that point cleaníng operations were stopped pending confirmation testing.
Additional analytical results from October 22,2013 confirmed that some media exceeded RCRA limits for benzene. ln November 2013 profiles were submitted to a TSDF and Bloom applied for an EPA lD as hazardous waste generator at the Unicat facility. Bloom received preliminary approval from TCEQ in late November and a
permanent EPA lD and Notice of Registration (NoR) on December 05, 2013. ln addition, all personnel at Unicat were trained to ensure compliance with EPA and OSHA regulations.

Bloom was selling their company and their company’s stock and debt as being the purveyor of “better electrons”.  



They were the darling of the Obama administration in the green tech field.  Their board member John Doerr was on Obama’s jobs council and now is on the Obama foundation to build the Billion Dollar Library.  In fact in February 2015 Doerr and Khosla (another Bloomdoggler) had dinner in the Whitehouse with Barack Obama and others with high profile till 2 am to come up with plans for Obama after he left the Whitehouse.


In March 2014, the New Zealand State Pension Fund invested another $50 million in Bloom.


Were they told of the benzene laden hazmat?  If they were the citizens of New Zealand have a case against their Superfund.  If they were not then the Superfund has a case against Bloom, its officers, its directors, and its major shareholders like Kleiner Perkins and New Enterprise Associates.  In fact all investors large and small who bought shares or loaned money to Bloom after October 10, 2013 have a case based on being defrauded that they were investing in a green clean better electron energy company.

My guess of the total Bloomdoggle is now around $4.2 billion.  $3 billion of debt and equity and another $1.2 billion in taxpayer and ratepayer subsidy.

The ecofraud goes back further than October 10,2013.   Between 2006 and 2009 the US DOE funded testing of a Bloom fuel cell in Santa Clara County CA.  A report was issued on July 10, 2010 on the testing.

DOE Award No.: DE‐FC26‐06NT42812


Much of the testing had to do with coke formation on the fuel cell stack.  Remember I have reported that in Delaware, Delmarva has provided dozens of documents to the Delaware PSC that Bloom fuel cells in that state require decoking 3 to 4% of the time.  Bloom never revealed to permitting agencies what is blown into the air when the units are decoked.  The DOE funded study was a taxpayer funded study and Bloom knew as early as 2006 and for certain by July 2010 that coking was a problem in fuel cells.  

The question is did they inform investors in their stock or bonds that they had to decoke their units that they claimed generated better electrons?  If they did not investors in stocks and bonds going all the way back to 2006 could have claims against Bloom, its officers, its directors, and its major shareholders. 


Folks I previously said that Bloom is Solyndra Times Four and Flint On Steroids.  Now it looks like Bloom is Solyndra Times Seven and Flint on Opioids.

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