Bloom and its customers received $218.5 million in subsidies in 2010.

Piggy_BankBloom Energy is a high-profile fuel cell manufacturer, and the firm is using all of the tools at its disposal — including, in this case, California’s SGIP subsidy – to advance its business.

The SGIP (Self-Generation Incentive Program) is a subsidy established by California’s PUC to support existing and emerging distributed energy resources — providing one-time, upfront rebates for distributed energy systems installed on the customer’s side of the utility meter. Qualifying technologies include wind turbines, fuel cells, and associated energy storage systems.

Bloom and its customers received $218.5 million in subsidies in 2010 from the SGIP, dominating the program, according to an article in the Sacramento Bee. A total of $327.7 million was awarded by the program in 2010.

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Source: Michael Kanellos | Wired