Bloom boxes are fuel cells that create electricity using a variety of energy sources. Powered by natural gas, they could produce cleaner power for Western homes. Running on plant waste, they could bring grid-less power to developing countries. And they could also be used as storage/backup for solar and wind generation.
Flex-fuel electricity production
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Until there are some meaningful technical details on the "bloom boxes," why should we take this seriously? Although KR Sridhar has some serious credentials, the lack of details are still suspicious.
Did Steven Spielberg design these too?
No, but maybe Heinlein did :)