[SCHEDULE 13G] Bloom Energy Corp SEC Filing

Rhea-AI Filing Summary

Bloom Energy reported that D. E. Shaw entities and David E. Shaw together hold a meaningful minority stake in the company. D. E. Shaw & Co., L.P. and David E. Shaw each are reported to beneficially own 12,501,566 shares, representing 5.3% of the Class A common stock, while D. E. Shaw & Co., L.L.C. holds 11,725,038 shares, or 5.0%. The disclosed holdings are composed of positions held in affiliated portfolios, call option rights, and assets managed by related investment vehicles.

The filing shows these reporting persons have no sole voting or dispositive power but do have shared voting power of up to 12,430,661 shares and shared dispositive power up to 12,501,566 shares. The reporting persons state the shares were not acquired to change or influence control of the issuer.

Positive

• Material disclosure of ownership above 5%, providing transparency to investors
• Clear breakdown of holdings across affiliated portfolios and option rights
• Reporting persons state no intent to change or influence control, reducing immediate governance concern

Negative

• None.

Insights

Securities Analyst

TL;DR: A well-known investment firm discloses just-above-5% stakes across related entities, a material ownership level for investor monitoring.

The filing reveals that related D. E. Shaw entities and David E. Shaw hold between 5.0% and 5.3% of Bloom Energy's Class A shares through a mix of portfolio positions and option rights. That level of ownership crosses the 5% regulatory threshold and therefore must be disclosed, which can attract attention from other investors and proxy advisors. The positions are reported as jointly controlled with shared voting and dispositive authority rather than sole control, reducing immediate takeover or control implications. The certification states the holdings are not intended to change or influence control.

Corporate Governance Expert

TL;DR: Jointly held >5% stakes create governance visibility but do not, by themselves, indicate an activist intent.

The structured ownership—held across Valence and Oculus portfolios and managed vehicles—with disclosed shared voting/dispositive powers signals coordinated ownership without sole control. For governance, crossing 5% triggers monitoring by the company and shareholders, possible engagement, and disclosure obligations. The explicit disclaimer of intent to influence control is standard; however, investors and the board will likely treat the holders as material stakeholders given the aggregated voting influence noted in the filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Bloom Energy Corporation

(Name of Issuer)

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

093712107

(CUSIP Number)

09/26/2025

(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

D. E. Shaw & Co., L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,430,661.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,501,566.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,501,566.00

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)

5.3 %

12

Type of Reporting Person (See Instructions)

IA, PN

Comment for Type of Reporting Person: On September 24, 2025, D. E. Shaw & Co., L.P. and David E. Shaw became the beneficial owners of more than 5% of the class of securities. On September 26, 2025, D. E. Shaw & Co., L.L.C. became the beneficial owner of more than 5% of the class of securities. The beneficial ownership information provided in this document is current as of September 26, 2025.

SCHEDULE 13G

CUSIP No. 093712107

1

Names of Reporting Persons

D. E. Shaw & Co., L.L.C.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 11,725,038.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,725,038.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,725,038.00

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)

5.0 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: On September 24, 2025, D. E. Shaw & Co., L.P. and David E. Shaw became the beneficial owners of more than 5% of the class of securities. On September 26, 2025, D. E. Shaw & Co., L.L.C. became the beneficial owner of more than 5% of the class of securities. The beneficial ownership information provided in this document is current as of September 26, 2025.

SCHEDULE 13G

CUSIP No. 093712107

1

Names of Reporting Persons

David E. Shaw

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 STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,430,661.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,501,566.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,501,566.00

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)

5.3 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: On September 24, 2025, D. E. Shaw & Co., L.P. and David E. Shaw became the beneficial owners of more than 5% of the class of securities. On September 26, 2025, D. E. Shaw & Co., L.L.C. became the beneficial owner of more than 5% of the class of securities. The beneficial ownership information provided in this document is current as of September 26, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Bloom Energy Corporation
(b)	Address of issuer's principal executive offices: 4353 North First Street, San Jose, CA 95134
Item 2.
(a)	Name of person filing: D. E. Shaw & Co., L.P. D. E. Shaw & Co., L.L.C. David E. Shaw
(b)	Address or principal business office or, if none, residence: The business address for each reporting person is: Two Manhattan West 375 Ninth Avenue, 52nd Floor New York, NY 10001
(c)	Citizenship: D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware. D. E. Shaw & Co., L.L.C. is a limited liability company organized under the laws of the state of Delaware. David E. Shaw is a citizen of the United States of America.
(d)	Title of class of securities: Class A Common Stock, $0.0001 par value per share
(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: D. E. Shaw & Co., L.P.: 12,501,566 shares This is composed of (i) 6,077,857 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 548,000 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iii) 5,087,081 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., and (iv) 788,628 shares under the management of D. E. Shaw Investment Management, L.L.C. D. E. Shaw & Co., L.L.C.: 11,725,038 shares This is composed of (i) 6,077,857 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 548,000 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iii) 5,087,081 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., and (iv) 12,100 shares in the name of D. E. Shaw Investment Management Special Investment Fund, L.L.C. David E. Shaw: 12,501,566 shares This is composed of (i) 6,077,857 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 548,000 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iii) 5,087,081 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., and (iv) 788,628 shares under the management of D. E. Shaw Investment Management, L.L.C. David E. Shaw does not own any shares directly. By virtue of David E. Shaw's position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the investment adviser of D. E. Shaw Valence Portfolios, L.L.C. and D. E. Shaw Oculus Portfolios, L.L.C. and the managing member of D. E. Shaw Investment Management, L.L.C., which in turn is the investment adviser of D. E. Shaw Investment Management Special Investment Fund, L.L.C., and by virtue of David E. Shaw's position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the manager of D. E. Shaw Valence Portfolios, L.L.C., D. E. Shaw Oculus Portfolios, L.L.C., and D. E. Shaw Investment Management Special Investment Fund, L.L.C., David E. Shaw may be deemed to have the shared power to vote or direct the vote of 12,430,661 shares and the shared power to dispose or direct the disposition of 12,501,566 shares, the 12,501,566 shares as described above constituting 5.3% of the outstanding shares, and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 12,501,566 shares.
(b)	Percent of class: D. E. Shaw & Co., L.P.: 5.3% D. E. Shaw & Co., L.L.C.: 5.0% David E. Shaw: 5.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: D. E. Shaw & Co., L.P.: 0 shares D. E. Shaw & Co., L.L.C.: 0 shares David E. Shaw: 0 shares
	(ii) Shared power to vote or to direct the vote: D. E. Shaw & Co., L.P.: 12,430,661 shares D. E. Shaw & Co., L.L.C.: 11,725,038 shares David E. Shaw: 12,430,661 shares
	(iii) Sole power to dispose or to direct the disposition of: D. E. Shaw & Co., L.P.: 0 shares D. E. Shaw & Co., L.L.C.: 0 shares David E. Shaw: 0 shares
	(iv) Shared power to dispose or to direct the disposition of: D. E. Shaw & Co., L.P.: 12,501,566 shares D. E. Shaw & Co., L.L.C.: 11,725,038 shares David E. Shaw: 12,501,566 shares
Item 5.	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.

D. E. Shaw & Co., L.P.

Signature:	/s/ Daniel R. Marcus
Name/Title:	Daniel R. Marcus / Chief Compliance Officer
Date:	10/01/2025

D. E. Shaw & Co., L.L.C.

Signature:	/s/ Daniel R. Marcus
Name/Title:	Daniel R. Marcus / Authorized Signatory
Date:	10/01/2025

David E. Shaw

Signature:	/s/ Daniel R. Marcus
Name/Title:	Daniel R. Marcus / Attorney-in-Fact for David E. Shaw
Date:	10/01/2025

Comments accompanying signature: Exhibit 1: Power of Attorney, granted by David E. Shaw relating to D. E. Shaw & Co., Inc., in favor of the signatories hereto, among others, dated August 1, 2024. Exhibit 2: Power of Attorney, granted by David E. Shaw relating to D. E. Shaw & Co. II, Inc., in favor of the signatories hereto, among others, dated August 1, 2024.

Exhibit Information

Exhibit 3: Joint Filing Agreement, by and among the Reporting Persons, dated October 1, 2025.

FAQ

Who filed the Schedule 13G regarding Bloom Energy (BE)?

The filing was made by D. E. Shaw & Co., L.P., D. E. Shaw & Co., L.L.C., and David E. Shaw.

How many Bloom Energy shares do the reporting persons beneficially own?

12,501,566 shares for D. E. Shaw & Co., L.P. and David E. Shaw; 11,725,038 shares for D. E. Shaw & Co., L.L.C.

What percentage of Bloom Energy's Class A stock do these holdings represent?

5.3% for D. E. Shaw & Co., L.P. and David E. Shaw; 5.0% for D. E. Shaw & Co., L.L.C.

Do the reporting persons have sole voting or dispositive power over the shares?

No. The filing reports 0 shares of sole voting or dispositive power and substantial shared voting and dispositive power instead.

Are these shares held directly by David E. Shaw?

No. The filing states David E. Shaw does not own any shares directly and disclaims direct beneficial ownership of the reported shares.