Related Party Transactions

9 Months Ended

Sep. 30, 2021

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020

Total revenue from related parties	$	3,333	$	742	$	8,227	$	2,672
Interest expense to related parties	—		353		—		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 three and nine months ended September 30, 2020, we recognized related party total revenue of $0.7 million and $2.7 million, respectively. For the nine months ended September 30, 2021, we recognized related party total revenue of $1.6 million. We had no accounts receivable from this joint venture as of September 30, 2021.

SK ecoplant Joint Venture

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. The joint venture is majority controlled and managed by us and is accounted for as a consolidated subsidiary. For the three and nine months ended September 30, 2021, we recognized related party revenue of $3.3 million and $6.6 million, respectively. As of September 30, 2021, we had outstanding accounts receivable of $3.6 million. We recognized no related party revenue for the three and nine months ended September 30, 2020.