Bloom Energy Partners to Serve Spanish and Portuguese Markets

Rhea-AI Summary

Bloom Energy (NYSE:BE) has announced a partnership with Telam Partners to expand its operations into Spain and Portugal. The collaboration aims to market Bloom’s innovative Electrolyzer and Energy Servers to meet the growing green hydrogen demands and energy security needs in these regions. This marks Bloom's first engagement in the Iberian Peninsula, reinforcing its commitment to the European market following previous projects in Italy.

Both companies will work together to leverage local renewable resources for hydrogen production.

Positive

• Partnership with Telam enhances market expansion into Spain and Portugal.
• Bloom's Electrolyzer offers low-cost hydrogen production with high efficiency confirmed by U.S. Department of Energy testing.
• Opportunities to decarbonize port activities with Bloom's Energy Server technology.

Negative

• None.

Bloom and Telam to team on distributed power and electrolyzer deployment opportunities, supporting the electrification of ports and the development of hydrogen production

SAN JOSE, Calif. & MADRID--(BUSINESS WIRE)-- Bloom Energy (NYSE:BE) has teamed with Telam Partners, a leading senior advisory firm specialized in the financing and market entry of energy, infrastructure, and technology projects, to expand Bloom’s footprint into Spain and Portugal.

The two companies will market and deploy the Bloom Electrolyzer, as well as Bloom’s Energy Servers, supporting customers with solutions that can efficiently meet their energy security needs and green hydrogen demand.

“Business and political leaders are looking for clean technologies and energy solutions,” said Tim Schweikert, Senior Managing Director of International Business Development, Bloom Energy Inc. “Bloom is now engaged to address these priorities in Spain and Portugal. Telam is a partner of choice, supporting Bloom’s long-term commitment to the Iberian Peninsula and to respond promptly to green transition policies and environmental imperatives.”

“At Telam we are excited to be able to work with the solid oxide fuel cell leader on the very important and urgent challenge of transitioning towards renewable energy,” said Jaime Malet, CEO of Telam Partners. “We are convinced that Spain and Portugal, thanks to an abundance of wind and solar resources, are among the clearest candidates to lead the production of green hydrogen in Europe.”

In line with Spanish and Portuguese objectives to become global green hydrogen hubs, Telam and Bloom will market Bloom’s solid oxide electrolyzer. With impressive efficiency confirmed in testing at the U.S. Department of Energy’s Idaho National Labs, the Bloom Electrolyzer provides hydrogen with low cost of ownership. Further, the Bloom Electrolyzer is well suited for large-scale installations, as well as projects such as ammonia and renewable fuels synthesis, which can be integrated with the electrolyzer.

Telam and Bloom will also market Bloom’s highly efficient fuel cell Energy Server™ to decarbonize port activities when ships are at berth. Bloom’s fuel-flexible technology, which can operate on natural gas, biogas or hydrogen, produces electricity without combustion and reduces carbon emissions compared to the auxiliary diesel gensets usually used for shore power.

This represents Bloom Energy’s first deal for the Iberian Peninsula. It confirms Bloom’s commitment to the European market, after announcing the installation of its energy platform at Ferrari’s Italian plant and a strategic partnership for the Italian market with the engineering, procurement and construction company CEFLA in 2022.

In addition, Bloom will join several power generation and hydrogen conferences across the peninsula to exhibit Bloom’s products and solutions. These will be opportunities for introducing Bloom to decision-makers in the region and beyond.

For more information about Bloom Energy’s decarbonization platform and the company’s commitment to a net-zero future, visit: https://www.bloomenergy.com/technology/powering-the-future/.

Forward-Looking Statements

This press release contains certain forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s expectations regarding the collaboration with Telam, including plans to install solid oxide fuel cells and electrolyzer sites selected by Telam, any expected benefits from the collaboration with Telam, such as carbon emissions reductions, increased energy efficiency, or satisfying any clean energy or power savings requirements by the European Union or other regulatory agencies, and progress towards any net-zero emissions, decarbonization or energy independence goals, and Bloom’s long-term commitment to particular regions, policies or imperatives. More information on potential risks and uncertainties that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022, and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022, filed with the SEC on May 6, 2022, August 9, 2022 and November 3, 2022, respectively, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

About Bloom Energy

Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.

About Telam

Telam Partners is a strategic advisory firm specialized in financing and market entry across all sectors involved in the transition towards the new sustainable economy, including energy, water, transportation, telecommunications, logistics, circular economy and AI.

Telam scales up innovative business projects, designing and executing international market entry acceleration strategies, creating opportunities with key partners worldwide. Telam also designs complex financial structures and connects clients with equity and debt from global institutional investors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230109005042/en/

Bloom Energy:

Media Contact:

Virginia Citrano

press@bloomenergy.com

Investor Relations:

Ed Vallejo

267.370.9717

Edward.Vallejo@bloomenergy.com

Telam Partners:

Media Contact

Cristina Apgar

+34 657 499 702

capgar@telampartners.com

Source: Bloom Energy

FAQ

What is the recent partnership involving Bloom Energy (BE)?

Bloom Energy (BE) has partnered with Telam Partners to expand operations in Spain and Portugal.

What technologies will Bloom Energy deploy in Spain and Portugal?

Bloom Energy will deploy its Electrolyzer and Energy Servers to support green hydrogen production and energy security.

What are the benefits of Bloom's Electrolyzer?

The Bloom Electrolyzer provides low-cost hydrogen production with high efficiency, suitable for large-scale installations.

How does Bloom Energy plan to decarbonize port activities?

Bloom Energy's Energy Server technology will be used to reduce carbon emissions during port activities when ships are at berth.