STOCK TITAN

Bloom Energy and Idaho National Laboratory to Generate Hydrogen Powered by Nuclear Energy

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Bloom Energy (NYSE: BE) has partnered with Idaho National Laboratory (INL) to test the production of clean hydrogen using its high-temperature electrolyzer powered by nuclear energy. This collaboration aims to utilize excess electricity from nuclear plants to create hydrogen, supporting the growing hydrogen economy. Researchers at INL will simulate operational conditions to enhance the efficiency of hydrogen generation. Bloom Energy anticipates this initiative will yield the highest efficiency electrolyzer in the market, contributing positively to global decarbonization efforts.

Positive
  • Partnership with INL enhances hydrogen production efficiency.
  • Innovative use of nuclear energy to create clean hydrogen.
  • Potential for highest efficiency electrolyzers in the market.
Negative
  • None.

Bloom Energy (NYSE: BE) today announced an agreement with Idaho National Laboratory (INL) to independently test the use of nuclear energy to create clean hydrogen through Bloom Energy’s solid oxide, high-temperature electrolyzer.

This carbon-free hydrogen is obtained through electrolysis that is powered by nuclear generation. When the electric grid has ample power, rather than ramping down power generation, the electricity generated by nuclear plants can be used to produce cost-effective hydrogen in support of the burgeoning hydrogen economy.

First announced in July 2020, Bloom Energy’s electrolyzer converts water (or steam) into hydrogen and oxygen. The hydrogen can then be injected into the natural gas pipeline, stored and used for power generation with a fuel cell at a later time, dispensed to fuel cell vehicles, or used by industrial processes that consume large amounts of hydrogen. Bloom Energy’s electrolyzer has a higher efficiency than low-temperature electrolyzer technologies, thereby reducing the amount of electricity needed to produce hydrogen. The steam supplied to the electrolyzers can also be generated by the thermal energy produced by the nuclear power plant, bolstering the overall efficiency of hydrogen production further.

INL will test Bloom Energy’s electrolyzers at the Dynamic Energy Testing and Integration Laboratory in Idaho where researchers can simulate steam and load following conditions as if it were already integrated with a nuclear power station. These simulations will provide the opportunity to model operations in a controlled environment.

“The high-temperature electrolyzers take advantage of both the thermal and the electrical power that are available at nuclear power plants,” said Tyler Westover, the Hydrogen and Thermal Systems Group lead at INL. “This expands the markets for nuclear power plants by allowing them to switch between sending power to the electrical grid and producing clean hydrogen for transportation and industry energy sectors.”

“We must think creatively and seek all possible low, zero, and negative carbon solutions to benefit our planet. Harnessing excess energy to produce hydrogen is a solution with a positive impact on global decarbonization efforts and we look forward to working with the team at Idaho National Laboratory to make this a reality,” said Venkat Venkataraman, EVP and chief technology officer, Bloom Energy. “As a result of this pilot, we expect to establish carbon-free hydrogen generation with the highest efficiency of any electrolyzer in the market today.”

As the nation's premier nuclear science and technology lab, INL leads research, development and demonstration projects to help the nation maintain and expand its use of nuclear energy.

About Bloom Energy

Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.

FAQ

What is Bloom Energy's recent agreement with Idaho National Laboratory?

Bloom Energy has announced a partnership with Idaho National Laboratory to test hydrogen production using its electrolyzer powered by nuclear energy.

How does Bloom Energy intend to produce hydrogen from nuclear energy?

The company will utilize excess electricity from nuclear plants to power its high-temperature electrolyzers for hydrogen production.

What are the expected benefits of Bloom Energy's hydrogen production tests?

The tests aim to enhance efficiency in hydrogen generation, potentially leading to the highest efficiency electrolyzers available.

When did Bloom Energy begin its focus on hydrogen production?

Bloom Energy first announced its strategy for hydrogen market entry in July 2020.

What is the significance of using nuclear energy for hydrogen production?

Utilizing nuclear energy allows for the efficient creation of hydrogen while supporting decarbonization efforts.

Bloom Energy Corporation

NYSE:BE

BE Rankings

BE Latest News

BE Stock Data

5.28B
198.09M
13.18%
83.4%
20.05%
Electrical Equipment & Parts
Electrical Industrial Apparatus
Link
United States of America
SAN JOSE