Related Party Transactions

12 Months Ended

Dec. 31, 2022

Our operations include the following related party transactions (in thousands):


	Years Ended December 31,
		2022		2021		2020

Total revenue from related parties		$	36,281	$	16,038	$	7,562
Interest expense to related parties		—		—		2,513

Bloom Energy Japan Limited

In May 2013, we entered into a joint venture with Softbank Corp. (“Softbank”), which was accounted for as an equity method investment. Under this arrangement, we sold Energy Servers and provided maintenance services to the joint venture. On July 1, 2021 (the “BEJ Closing Date”), we acquired Softbank’s 50% interest in the joint venture for a cash payment of $2.0 million and subject to a $3.6 million earn out. As of the BEJ Closing Date, Bloom Energy Japan Limited (“Bloom Energy Japan”) is no longer considered a related party.

For the years ended December 31, 2022, 2021 and 2020, we recognized related party total revenue of nil, $1.6 million and $3.4 million, respectively.

SK ecoplant Joint Venture and Strategic Partnership

In September 2019, we entered into a joint venture agreement with SK ecoplant to establish a light-assembly facility in the Republic of Korea for sales of certain portions of our Energy Server for the stationary utility and commercial and industrial market in the Republic of Korea. Based on the expanded relationship between us and SK ecoplant, the joint venture in 2022 was further extended. The joint venture is a VIE of Bloom and we consolidate it in our financial statements as we are the primary beneficiary and therefore have the power to direct activities which are most significant to the joint venture. For the years ended December 31, 2022, 2021 and 2020, we recognized related party revenue of $36.3 million, $14.5 million and $4.2 million, respectively. As of December 31, 2022 and 2021, we had outstanding accounts receivable of $4.3 million and $4.4 million, respectively.

On October 23, 2021, we expanded our existing relationship with SK ecoplant. In connection with the execution of the strategic partnership, we entered into the SPA pursuant to which we agreed to sell and issue to SK ecoplant 10,000,000 shares of Series A Redeemable Convertible Preferred Stock. In addition, SK ecoplant acquired an option to acquire a variable number of shares of our Class A Common Stock and acquired certain rights and provisions relating to the arrangement under this strategic partnership.

For additional information, see Note 17 - SK ecoplant Strategic Investment.

Debt to Related Parties

We had no debt or convertible notes from investors considered to be related parties as of December 31, 2022 and 2021.