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Related Party Transactions
3 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
Our results of operations included the following related party transactions (in thousands):
 
 
Three Months Ended
March 31,
 
 
2019
 
2018
 
 
 
 
 
Total revenue from related parties
 
$
813

 
$
29,269

Consulting expenses paid to related parties (included in general and administrative expense)
 
50

 
51

Interest expense on debt to related parties
 
1,612

 
2,627


Bloom Energy Japan Limited
In May 2013, we entered into a joint venture with Softbank Corp., which is accounted for as an equity method investment. Under this arrangement, we sell Energy Servers and provide maintenance services to the joint venture. Accounts receivable from this joint venture was $2.7 million as of March 31, 2019 and $2.4 million as of December 31, 2018.
Consulting Arrangement
In January 2009, we entered into a consulting agreement with General Colin L. Powell, a member of our board of directors, pursuant to which General Powell performs certain strategic planning and advisory services for us. Pursuant to this consulting agreement, General Powell receives compensation of $125,000 per year and reimbursement for reasonable expenses.
Debt to Related Parties
The following is a summary of our debt and convertible notes from investors considered to be related parties as of March 31, 2019 (in thousands):
 
 
Unpaid
Principal
Balance
 
Net Carrying Value
 
 
 
Current
 
Long-
Term
 
Total
 
 
 
 
 
 
 
 
 
Recourse debt from related parties:
 
 
 
 
 
 
 
 
6% convertible promissory notes due December 2020 from related parties
 
$
27,734

 
$

 
$
27,734

 
$
27,734

Non-recourse debt from related parties:
 
 
 
 
 
 
 
 
7.5% term loan due September 2028 from related parties
 
39,759

 
2,341

 
33,417

 
35,758

Total debt from related parties
 
$
67,493

 
$
2,341

 
$
61,151

 
$
63,492

The following is a summary of our debt and convertible notes from investors considered to be related parties as of December 31, 2018 (in thousands):
 
 
Unpaid
Principal
Balance
 
Net Carrying Value
 
 
 
Current
 
Long-
Term
 
Total
 
 
 
 
 
 
 
 
 
Recourse debt from related parties:
 
 
 
 
 
 
 
 
6% convertible promissory notes due December 2020 from related parties
 
$
27,734

 
$

 
$
27,734

 
$
27,734

Non-recourse debt from related parties:
 
 
 
 
 
 
 
 
7.5% term loan due September 2028 from related parties
 
40,538

 
2,200

 
34,119

 
36,319

Total debt from related parties
 
$
68,272

 
$
2,200

 
$
61,853

 
$
64,053


Regarding non-recourse debt from related parties, we repaid $0.8 million and $0.8 million of principal and interest, respectively, in the three months ended March 31, 2019. No other significant changes have occurred in total debt from related parties since December 31, 2018. See Note 6 - Outstanding Loans and Security Agreements for additional information on our debt facilities. During the three months ended March 31, 2019 and 2018, interest expense on debt from related parties was $1.6 million and $2.6 million, respectively.