Scandium & Bloom Energy

Scandium: Scandium is a critical metal essential for Bloom Energy's SOFC technology, and its supply concentration in China poses a potential bottleneck for the scaling of the fuel cell market.

Bloom Energy: Bloom Energy is the dominant player in solid oxide fuel cells (SOFC) for data centers, holding most primary-load contracts, but its reliance on scandium presents a significant supply chain risk.

Scandium: Scandium is the rare earth metal at the center of the allegations. Bloom's reliance on Chinese scandium is the core issue, and the metal's supply chain is under scrutiny.

Bloom Energy: Bloom Energy is the defendant in the securities class action, accused of misleading investors about its reliance on Chinese scandium. The company's stock dropped nearly 6% following the Hunterbrook report, and it faces potential financial damages and reputational harm.