Bloom Energy Announces Commercial Availability of Hydrogen-Powered Fuel Cells

Rhea-AI Summary

Bloom Energy (NYSE: BE) has launched its commercial Hydrogen Energy Servers, which provide zero-carbon electricity using 100% hydrogen. This release follows the introduction of the Bloom Electrolyzer, aimed at efficient hydrogen generation. With the growing global demand for hydrogen solutions and more than 30 countries developing hydrogen strategies, Bloom Energy is positioned to support clean energy transitions. Their technology, validated through a successful pilot project in South Korea, enhances renewable energy production and addresses greenhouse gas emissions, contributing to a sustainable future.

Positive

• Launch of commercial Hydrogen Energy Servers for zero-carbon electricity.
• Successful pilot project in South Korea demonstrating technology efficiency.
• Positioned for growth in the expanding hydrogen economy with increasing global commitments to net-zero.

Negative

• None.

Company offers complementary suite of solutions to advance the hydrogen economy

Hydrogen-powered fuel cells follows the company’s July launch of the Bloom Electrolyzer, offering highly efficient hydrogen generation

Solid-oxide platform is an integral part of commitment to sustainability and a zero-carbon future

SAN JOSE, Calif.--(BUSINESS WIRE)-- Today, Bloom Energy (NYSE: BE) announced the commercial availability of its Hydrogen Energy Servers — 100 percent hydrogen-powered fuel cells that deliver on-site, 24/7, zero-carbon electricity — all in a simple, modular, and flexible design.

Orders are being accepted with commercial shipments expected to begin in 2022.

Dozens of countries across the globe have committed to net-zero emissions goals by 2050, and more than 30 countries have hydrogen-specific strategies that are being activated. Hydrogen is well-suited for an array of applications, including transportation, and unlocks a net-zero emissions future for hard-to-decarbonize heavy industries.

Electricity production is the second largest contributor to greenhouse gas emissions in the United States, with 62 percent of electricity produced through the combustion of fossil fuels. Hydrogen technologies, like hydrogen-powered fuel cells, significantly reduce the environmental impacts associated with electricity production and eliminate greenhouse gas emissions.

As the hydrogen economy grows, the need for hydrogen for energy storage and power generation will accelerate. For power generation, as production of hydrogen becomes ubiquitous, Bloom Energy’s Hydrogen Energy Servers will be another option in moving to net zero emissions.

“Bloom Energy has a complementary suite of solutions and strong partner ecosystem supporting both ends of the hydrogen economy — clean hydrogen production and efficient hydrogen utilization,” said Deia Bayoumi, vice president of product management, Bloom Energy. “With these offerings and collaborative solutions, our technology can be applied for today’s needs and in the future as the hydrogen economy becomes more robust.”

Renewable energy sources, such as solar and wind, are critical to clean power generation. However, these sources are also inherently intermittent, with periods of excess energy production that generate more electricity than transmission lines can carry. Curtailment is therefore needed to balance generation with consumption. By pairing renewables with the Bloom Electrolyzer, curtailment can be avoided; hydrogen can be produced at scale, compressed and stored for long duration during periods of excess renewable production.

The addition of hydrogen-powered fuel cells allows the stored hydrogen to be converted into 24/7, zero-carbon electricity that can be used when energy is needed. This also enables for islanded or remote communities with renewable resources to self-generate fuel for reliable electricity, without needing to import fuel to their local community.

“Our technology is distinctively suited to help hydrogen adopters thrive in the hydrogen economy,” said Venkat Venkataraman, executive vice president and chief technology officer, Bloom Energy. “Bloom Energy’s hydrogen-powered fuel cells are built on the company’s solid-oxide platform that has higher efficiencies compared to other fuel cell technologies, generating more electricity from less hydrogen, and provides reliable power helping organizations reach to meet their zero-carbon objectives.”

Bloom Energy’s solid-oxide platform is positioned to address both the realities of today’s energy infrastructure, and aspirations for the future energy ecosystem. Bloom Energy Microgrids demonstrate that needed modular and redundant power is possible today and they provide a cleaner replacement to back-up diesel generators. Looking ahead, the fuel flexibility of Bloom Energy Servers enables an accelerated transition to the hydrogen economy with the use of natural gas, biogas, hydrogen, or a blending of these fuels.

Bloom Energy’s Hydrogen Energy Servers have undergone testing as part of a pilot project with SK ecoplant in Ulsan, South Korea for the last five months with successful results. Throughout operation, the hydrogen-powered fuel cells provided 24/7, zero-carbon electricity at efficiency levels exceeding expectations.

To learn more about the company’s commitment to a zero-carbon future, visit: https://www.bloomenergy.com/technology/powering-the-future/

For more information on Bloom Energy’s sustainability efforts, visit: https://www.bloomenergy.com/sustainability/

About Bloom Energy

Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. Bloom Energy’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 Energy’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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as “anticipates,” “could,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements include, but are not limited to, Bloom Energy’s expectations regarding its hydrogen-powered fuel cells and their ability to play a complementary role in advancing the hydrogen economy; expectations regarding the hydrogen economy; expectations regarding the electrolyzer’s ability to aid in optimizing renewables, decarbonizing heavy industries, and fueling the expanding hydrogen economy; and expectations for commercial shipments of the electrolyzer to begin in 2022. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including those included in the risk factors section of Bloom Energy’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and other risks detailed in Bloom Energy’s SEC filings from time to time. Bloom Energy undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210929005306/en/

Media Contact:

Erica Osian

(401) 714-6883

erica.osian@bloomenergy.com

Investor Relations:

Edward Vallejo

(267) 370-9717

edward.vallejo@bloomenergy.com

Source: Bloom Energy

FAQ

What is the recent development from Bloom Energy (NYSE: BE)?

Bloom Energy announced the commercial availability of its Hydrogen Energy Servers, which use 100% hydrogen to deliver zero-carbon electricity.

When will commercial shipments of Bloom Energy's Hydrogen Energy Servers start?

Commercial shipments of Bloom Energy's Hydrogen Energy Servers are expected to begin in 2022.

Why is Bloom Energy's technology significant in the hydrogen economy?

Bloom Energy's technology significantly reduces environmental impacts and supports the transition to a hydrogen economy by providing efficient hydrogen generation and utilization solutions.

How does Bloom Energy's Hydrogen Energy Servers contribute to sustainability?

The Hydrogen Energy Servers deliver 24/7 zero-carbon electricity, helping organizations meet their zero-carbon objectives and reduce greenhouse gas emissions.