Oops — Bay Area city’s attempt to ban fuel cell technology is struck down

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…

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