KR Sridhar is the Founder and CEO of Bloom Energy, the distributed power company powering the AI revolution. Under his leadership, Bloom has grown to a market cap of approximately $93 billion, with revenue surpassing $2 billion as demand from AI data centres has surged. Over the last 12–18 months, Bloom has become one of the biggest beneficiaries of the AI infrastructure boom. It&#x27;s also the largest position in Leo Aschenbrenner&#x27;s investment portfolio, making up around 16% of his fund. AGENDA: 00:00 Why Failure Is Never an Option: The Mindset That Built a $90B Company 05:20 The 25-Year Bet: Why Bloom Never Doubted AI Would Need Its Technology 12:10 Andy Grove&#x27;s Brutal Leadership Lesson That Changed Everything 18:40 AI Isn&#x27;t a Bubble—It&#x27;s a &quot;Hockey Stick on a Hockey Stick&quot; 25:30 Why Electricity, Not AI Models, Will Decide the Winners of the AI Race 34:20 The Radical Vision: Why Power Must Move to the Edge of the Grid 40:40 How Bloom Beat Everyone to Power Oracle&#x27;s AI Data Centres in Just 55 Days 50:00 The Future of Cities, Energy Sovereignty &amp; Why AI Will Democratise Power 52:10 Parenting, Purpose &amp; the One Belief KR Thinks Everyone Gets Wrong About AI 55:00 The Next 10 Years: Why AI Could Create Global Energy Abundance

20VC: Leo Aschenbrenner's Largest Holding: Inside the $90BN Bloom Energy | Why Electricity, Not AI Models, Will Decide the Winners of the AI Race | Why We Are Not in an AI Capex Bubble | Energy Sovereignty and The Future of Power with KR Sridhar

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

# Full Transcript

**Podcast:** The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

## Participants

- **Harry Stebbings** (None)
- **KR Sridhar** (Bloom Energy)
- **KR Sridhar** (Bloom Energy)

## Transcript

[SPEAKER_02] To lose is something I simply cannot contemplate. There's nothing that I do where I put effort, I put time, and I think of failure as an option. Any revolution, and I would call AI absolutely a revolution, it's almost a hockey stick on a hockey stick. Clearly, electricity becomes the key factor. We believe bringing power to the edge has to happen. Electricity in the world is a $5.5 trillion market.

[SPEAKER_02] Last year, our revenues were $2 billion. When power is democratized, access is not restricted by people who are in power. And that's true democracy. I would say don't short the US, don't short Silicon Valley.

[SPEAKER_00] This is 20VC. Today, the largest position in Harry Stebbings' fund, which makes up 16% of his fund, is in the hot seat, baby. KR Sridhar, founder and CEO of Bloom Energy, joins us in the studio. Now, KR's journey is wild. Former NASA rocket scientist who worked on Mars missions before founding the energy company that is Bloom, 25 years building a company he never once doubted would work. My word, that is a desert to go through.

[SPEAKER_00] Today, the market cap is approximately $93 billion, up over 1,500% in a single year. Revenue hit $2 billion in 2025, up 37% year on year, driven almost entirely by, yep, you guessed it, the AI data center demand. This was a really special show for me to do. Having been a fan of Leo Aschenbrenner's for a long time, I now see why he's so all-in on Bloom Energy.

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[SPEAKER_00] Once Navan simplifies the travel, Airwallet simplifies the spend behind it. Founders, let's get real about the growth tax. You've raised VC funding and you're scaling globally. And it's no longer about shipping product. It's about orchestrating oper...

20VC: Leo Aschenbrenner's Largest Holding: Inside the $90BN Bloom Energy | Why Electricity, Not AI Models, Will Decide the Winners of the AI Race | Why We Are Not in an AI Capex Bubble | Energy Sovereignty and The Future of Power with KR Sridhar

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
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20VC: Leo Aschenbrenner's Largest Holding: Inside the $90BN Bloom Energy | Why Electricity, Not AI Models, Will Decide the Winners of the AI Race | Why We Are Not in an AI Capex Bubble | Energy Sovereignty and The Future of Power with KR Sridhar

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.