An old Chrysler plant in Newark, Delaware will be buzzing again as Bloom Energy opens East coast operations there in mid-2012. Funded by NVCA members, Kleiner Perkins, Caufield & Byers, New Enterprise Associates and Mobius Venture Capital,  Bloom Energy delivers fuel cell technology to compete with electric power.  The company demonstrates well how venture capital drives innovation - in this case clean technologies that will help reduce our dependency on traditional fuel sources -- and create jobs for Americans. 

The Bloom Energy plant in Delaware is expected to employ as many as 1500 workers from the First State as well as Pennsylvania and New Jersey, transforming a once defunct brownfield area into an innovation zone.  Positive news such as this reinforces the importance of a public policy agenda dedicated to supporting clean energy technology as it is clearly a driving force of the American innovation economy. We look forward to continuing to break new ground -- in Delaware -- and across the country as venture capitalists invest in the most promising technologies and people.