Define: Efficiency
What does "Efficiency" mean? The meaning differs based on the contract. We found 2 definitions across 1 company in SEC filings.
Definition 1 (Bloom Energy Corp, seen in 1 filing)
Efficiency means the quotient of E/F, where E = the electricity produced by the Portfolio, measured in BTUs (British Thermal Units) at a conversion rate of 3,412 BTUs per kWh, and F = the fuel consumed by the Portfolio, measured in BTUs on a Lower Heating Value basis.
Source: Bloom Energy Corp S-1
Definition 2 (Bloom Energy Corp, seen in 1 filing)
Efficiency means the quotient of E/F, where (i) E = the electricity produced by the applicable Facility, measured in BTUs (British Thermal Units) at an assumed conversion rate of 3,412 BTUs per kWh, and (ii) F = the fuel consumed by such Facility, measured in BTUs on a lower heating value basis as determined by the mass flow controller included in the applicable Facility.
Source: Bloom Energy Corp S-1
Data extracted from 3 SEC EDGAR filings across 1 company. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.