"Oops — Santa Clara's attempt to ban fuel cell technology is struck down" (BE)

Although we have serious interest in fuel cell technologies, natural gas and hydrogen, this is not one of them. There is a slightly scammy odor that's come off Bloom since we first posted on it over a decade ago.*
That said, it could be the poster child for the market's recent  ahh, enthusiasm for such things.

From the Silicon Valley Business Journal:

The Santa Clara city ordinance passed last summer that effectively banned Bloom Energy’s natural gas-powered fuel cells as an electricity source was struck down Friday by the Santa Clara County Superior Court.

Bloom’s stock, which had been hammered repeatedly since its IPO in July 2018 for failure to achieve profitability promised by CEO KR Sridhar, closed at $9.71 on the New York Stock Exchange, up 4.6 percent from the previous day’s close.

“Officials in the City of Santa Clara made the inaccurate claim that their policy was good for the environment and would contribute to reduced emissions — ignoring the views of environmental experts on the policy’s potential environmental harm and the needs of the community for clean, resilient power sources,” Josh Richman, Bloom’s vice president of business development and policy, stated in a press release. “This case should serve as a cautionary tale to policymakers who would seek to use the false pretense of sustainability to garner support for interests that have nothing to do with addressing the causes or consequences of climate change....MORE

*The company came public in July 2018 at $15.00, popped 30% on the first day and went higher from there.

And then collapsed.
However, we're no (anti) Bloomies come lately, no sirree. Our dislike goes back years. 

Here's a post from 2016:

More Silicon Valley Bullshit: Bloom Energy May Be Worth Less Than The VC Cash It Has Raised

And a few more:
Anyone keeping tabs would have been tipped as early as 2008 and definitely by the time we posted:

May, 2010
The Company you Keep: "Bloom, Fisker and Serious Materials Raising Cash from Advanced Equities"

November 2012 
Phi Scamma Jamma: Late Stage VC Investor Advanced Equities Shutting Down (Bloom; Fisker etc.)
Bloom Energy on 60 Minutes: "Can You Believe the Hype" (BLDP; FCEL; PLUG; GE; SI)
Is the Bloom Energy Payback Period 15 Years?
Fortune Exclusive: Bloom Energy's Earnings
Things have changed since Kleiner Perkins Orchestrated the hype machine back in February 2010....

And many more, use the 'search blog' box if interested.