Kuwait fund trims Bloom Energy (NYSE: BE) stake to 1.38%

Rhea-AI Filing Summary

Kuwait Investment Authority and its London office report beneficial ownership of 3,253,330 Bloom Energy Class A shares, equal to 1.38% of the outstanding class as of January 19, 2026. They hold shared voting and dispositive power over all of these shares and no sole power. The filing notes that on March 17, 2025, they owned 3,213,127 shares, indicating a reduction from higher historical levels reported between 2020 and 2024. The investors certify that the shares were acquired and are held for passive investment purposes, not to change or influence control of Bloom Energy.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Bloom Energy Corp

(Name of Issuer)

Class A Common Stock, $0.0001 par value

(Title of Class of Securities)

093712107

(CUSIP Number)

03/17/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 093712107

1

Names of Reporting Persons

Kuwait Investment Authority, acting for and on behalf of the Government of the State of Kuwait (KIA)

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

KUWAIT

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,253,330.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,253,330.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,253,330.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.38 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: (1) 3,253,330 shares held by KIA and KIO as of January 19, 2026. As of the Date of Event which required this statement, March 17, 2025, they owned 3,213,127 shares. (2) As of October 22, 2025, there were 236,510,755 shares of Class A common stock, $0.0001 par value, issued and outstanding by Bloom Energy Corporation. (3) As of December 31, 2020, KIA and KIO held 10,579,568 Bloom Energy Corp. shares. As of December 31, 2021, they held 10,579,568 Bloom Energy Corp. shares. As of December 31, 2022, they held 10,579,568 Bloom Energy Corporation shares. As of December 31, 2023, they held 20,123,939 Bloom Energy Corporation shares. As of December 31, 2024, they held 12,673,340 Bloom Energy Corporation shares.

SCHEDULE 13G

CUSIP No. 093712107

1

Names of Reporting Persons

Kuuwait Investment Office (being the London office) of KIA (KIO)

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,253,330.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,253,330.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,253,330.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.38 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: (1) 3,253,330 shares held by KIA and KIO as of January 19, 2026. As of the Date of Event which required this statement, March 17, 2025, they owned 3,213,127 shares. (2) As of October 22, 2025, there were 236,510,755 shares of Class A common stock, $0.0001 par value, issued and outstanding by Bloom Energy Corporation. (3) As of December 31, 2020, KIA and KIO held 10,579,568 Bloom Energy Corp. shares. As of December 31, 2021, they held 10,579,568 Bloom Energy Corp. shares. As of December 31, 2022, they held 10,579,568 Bloom Energy Corporation shares. As of December 31, 2023, they held 20,123,939 Bloom Energy Corporation shares. As of December 31, 2024, they held 12,673,340 Bloom Energy Corporation shares.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Bloom Energy Corp
(b)	Address of issuer's principal executive offices: 4353 North First Street, San Jose, CA 95134
Item 2.
(a)	Name of person filing: Kuwait Investment Authority, acting for and on behalf of the Government of the State of Kuwait (KIA) and the Kuwait Investment Office (being the London Office) of KIA (KIO and together with KIA, the Reporting Persons)
(b)	Address or principal business office or, if none, residence: Kuwait Investment Authority Block 1, Street 201, Building 900028, Sharq Safat, Kuwait 13001 Kuwait Investment Office 15 Carter Lane London, United Kingdom EC4V 5EY
(c)	Citizenship: See response number 4 on each of the cover pages.
(d)	Title of class of securities: Class A Common Stock, $0.0001 par value
(e)	CUSIP No.: 093712107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,253,330 (as of January 19, 2026)
(b)	Percent of class: 1.38%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote:
	(ii) Shared power to vote or to direct the vote: 3,253,330
	(iii) Sole power to dispose or to direct the disposition of:
	(iv) Shared power to dispose or to direct the disposition of: 3,253,330
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Kuwait Investment Authority, acting for and on behalf of the Government of the State of Kuwait (KIA)

Signature:	/s/ Rana Ahmad Almuzaini
Name/Title:	Rana Ahmad Almuzaini / Acting Executive Director, Operations & Administrations
Date:	01/21/2026

Kuuwait Investment Office (being the London office) of KIA (KIO)

Signature:	/s/ Rana Ahmad Almuzaini
Name/Title:	Rana Ahmad Almuzaini / Acting Executive Director, Operations & Administrations
Date:	01/21/2026

FAQ

What stake in Bloom Energy (BE) does Kuwait Investment Authority report?

Kuwait Investment Authority and its London office report beneficial ownership of 3,253,330 Bloom Energy Class A shares, representing 1.38% of the class as of January 19, 2026.

Is the Kuwait Investment Authority a passive investor in Bloom Energy (BE)?

Yes. The investors certify that the Bloom Energy securities were not acquired and are not held for the purpose of changing or influencing control, but for passive investment.

How has Kuwait Investment Authority’s Bloom Energy (BE) position changed over time?

The filing states KIA and its London office held 10,579,568 shares at year-end 2020–2022, 20,123,939 shares at December 31, 2023, and 12,673,340 shares at December 31, 2024, compared with 3,253,330 shares as of January 19, 2026.

What percentage of Bloom Energy (BE) shares does 3,253,330 represent?

The filing reports that 3,253,330 Class A shares represent 1.38% of Bloom Energy’s outstanding Class A common stock.

How many Bloom Energy (BE) shares were outstanding for this calculation?

According to the filing, Bloom Energy had 236,510,755 Class A common shares issued and outstanding as of October 22, 2025.

Who signed the Bloom Energy (BE) Schedule 13G/A for Kuwait Investment Authority?

The Schedule 13G/A was signed by Rana Ahmad Almuzaini, Acting Executive Director, Operations & Administrations, on January 21, 2026.