Bloom Energy Secures 20 MW Utility Deal with FPM Development to Rapidly Fortify Grid Resilience in California
Bloom Energy (NYSE: BE) has secured a 20-megawatt agreement with FPM Development for solid oxide fuel cells across two locations in Los Angeles. The partnership aims to rapidly deploy power generation capacity by the end of 2024, addressing urgent power needs in Southern California. Bloom's Energy Server installations will be placed at repurposed commercial sites strategically selected to support growing electrical demand. The technology offers rapid deployment, flexibility, reliability, and clean power generation with no combustion and minimal emissions, operating on multiple fuels including natural gas, biogas, and hydrogen.
Bloom Energy (NYSE: BE) ha ottenuto un accordo da 20 megawatt con FPM Development per celle a combustibile a ossido solido in due località di Los Angeles. La partnership mira a implementare rapidamente la capacità di generazione di energia entro la fine del 2024, affrontando le urgenti esigenze energetiche nella California del Sud. Le installazioni del Bloom's Energy Server saranno collocate in siti commerciali riutilizzati, selezionati strategicamente per supportare la crescente domanda elettrica. La tecnologia offre un rapido dispiegamento, flessibilità, affidabilità e generazione di energia pulita senza combustione e con minime emissioni, operando su più combustibili tra cui gas naturale, biogas e idrogeno.
Bloom Energy (NYSE: BE) ha conseguido un acuerdo de 20 megavatios con FPM Development para pilas de combustible de óxido sólido en dos ubicaciones en Los Ángeles. La asociación tiene como objetivo implementar rápidamente la capacidad de generación de energía para finales de 2024, abordando la urgente demanda energética en el sur de California. Las instalaciones del Bloom's Energy Server se colocarão en sitios comerciales reutilizados, seleccionados estratégicamente para apoyar la creciente demanda eléctrica. La tecnología ofrece un despliegue rápido, flexibilidad, fiabilidad y generación de energía limpia sin combustión y con mínimas emisiones, operando con múltiples combustibles, incluidos gas natural, biogás e hidrógeno.
블룸 에너지 (NYSE: BE)는 FPM Development와 함께 로스앤젤레스 두 곳에 고체 산화물 연료 전지에 대한 20메가와트 계약을 체결했습니다. 이 파트너십은 2024년 말까지 전력 생산 능력을 신속하게 배치하여 남부 캘리포니아의 긴급 전력 수요를 해결하는 것을 목표로 합니다. 블룸의 에너지 서버 설치는 증가하는 전력 수요를 지원하기 위해 전략적으로 선택된 재사용 상업 사이트에 배치될 것입니다. 이 기술은 신속한 배치, 유연성, 신뢰성 및 최소한의 배출물로 연소 없이 깨끗한 전력 생성 기능을 제공하며, 천연가스, 바이오가스 및 수소를 포함한 여러 연료에서 작동합니다.
Bloom Energy (NYSE: BE) a signé un accord de 20 mégawatts avec FPM Development pour des piles à combustible à oxyde solide dans deux emplacements à Los Angeles. Le partenariat vise à déployer rapidement la capacité de production d'énergie d'ici la fin de 2024, en répondant aux besoins énergétiques urgents dans le sud de la Californie. Les installations du Bloom's Energy Server seront situées sur des sites commerciaux réutilisés, sélectionnés stratégiquement pour soutenir la demande électrique croissante. La technologie offre un déploiement rapide, de la flexibilité, de la fiabilité et une production d'énergie propre sans combustion et avec des émissions minimales, fonctionnant avec plusieurs combustibles, y compris le gaz naturel, le biogaz et l'hydrogène.
Bloom Energy (NYSE: BE) hat eine 20-Megawatt-Vereinbarung mit FPM Development über stationäre Festoxid-Brennstoffzellen an zwei Standorten in Los Angeles gesichert. Die Partnerschaft hat das Ziel, bis Ende 2024 eine schnelle Bereitstellung der Stromerzeugungskapazität zu erreichen, um den dringenden Energiebedarf in Südkalifornien zu decken. Die Installationen des Bloom's Energy Server werden an umgenutzten Gewerbegebieten installiert, die strategisch ausgewählt wurden, um die steigende Stromnachfrage zu unterstützen. Die Technologie bietet eine schnelle Implementierung, Flexibilität, Zuverlässigkeit und saubere Energieerzeugung ohne Verbrennung und mit minimalen Emissionen und verarbeitet dabei mehrere Brennstoffe, einschließlich Erdgas, Biogas und Wasserstoff.
- Secured significant 20 MW utility-scale agreement in California
- Rapid deployment timeline with hardware delivery by end of 2024
- Technology is CARB Distributed Generation certified
- Multiple fuel compatibility (natural gas, biogas, hydrogen) ensures operational flexibility
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Insights
This
- Strategic positioning in Los Angeles with two locations specifically chosen for grid support
- Rapid deployment capability compared to traditional infrastructure projects
- Multiple fuel compatibility (natural gas, biogas, hydrogen) providing operational flexibility
- CARB Distributed Generation certification, enabling faster regulatory compliance
The deal strengthens BE's market position in utility-scale projects and demonstrates growing utility acceptance of fuel cell technology for grid stabilization. This could serve as a blueprint for similar deployments across other capacity-constrained markets, potentially leading to follow-on orders.
This agreement represents a compelling validation of Bloom's SOFC technology in the utility-scale market. The deployment addresses several critical market needs: rapid capacity addition, environmental compliance and grid resilience. The non-combustion generation process and CARB certification are particularly valuable in California's stringent regulatory environment. The project's structure suggests potential for expansion, with FPM indicating this as an "initial deal." The technology's ability to operate on multiple fuel sources, including hydrogen, positions it well for future green energy transitions while maintaining current operational viability with natural gas.
Partnership to support local electric utility by quickly delivering energy and mitigating power shortages in vulnerable communities across
The agreement calls for the installation of Bloom Energy’s fuel cell-based Energy Server at repurposed commercial sites, strategically selected for their location on the grid to support growing electrical demand. FPM, a developer of utility-scale projects that deliver innovative, scalable infrastructure and finance solutions, is supported by ABZ, Inc., and Montalto Energy, for rapid deployment of distributed generation projects.
“As states grapple with increasing demand and penetration of intermittent renewables, Bloom’s technology is uniquely positioned to quickly deliver reliable, distributed power and mitigate shortages,” said Aman Joshi, Bloom Energy’s global Chief Commercial Officer. “The selection of Bloom’s solution for this project clearly demonstrates our ability to address power shortfalls even in the nation’s most populous metropolitan areas.”
This agreement is part of an initial deal with FPM as they continue to drive the energy transition with utilities in
Rapid Deployment
- Bloom’s fuel cells can be installed within months versus years to meet urgent power needs, ensuring energy generation without long delays for infrastructure upgrades.
Flexible and Scalable
- Flexible installation requirements enable integration into an existing site layout and development plan.
- Scalable solution enables expansion of capacity with increasing power needs.
Reliable and Resilient
- Bloom systems deliver highly reliable power due to a modular, fault-tolerant design and can withstand extreme weather, fire and other external disruptions.
Clean and Sustainable
- Bloom’s technology generates electricity with no combustion and negligible criteria pollutant emissions. The company’s SOFCs operate on multiple fuels, including natural gas, biogas and hydrogen, providing a lower carbon footprint compared to the electric grid while maintaining grid stability.
- Bloom’s fuel cell technology provides a scalable, easy to deploy solution which is CARB Distributed Generation certified and exempt from air permitting in many air districts, including the South Coast Air Quality Management District.
“FPM is thrilled to be working with utilities, and state and local governments to deliver cleaner power to provide direct financial and sustainability benefits at the municipal level,” said FPM executive Brad Hoffman. “Bloom’s technology allows us to accomplish these goals to provide clean power solutions faster than the alternatives.”
The projects deployed under this agreement are the start of further planned development by FPM with the support from Go-Biz (Governor’s Office of Business and Development) and its partners. As electrical demand growth continues to outpace the rate of electrical capacity additions and grid upgrades, the development of reliable distributed generation solutions is key to addressing evolving challenges by the current energy transition.
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 FPM Development
FPM Development delivers reliable, low emission power to the industries and locations that need it most. The FPM team brings decades of combined experience in grid development, renewable energy, private and public finance, and infrastructure to our projects. To learn more about FPM’s innovative, scalable infrastructure and finance solutions, visit https://fpmdevelopment.com/.
Forward Looking Statements
This press release contains certain forward-looking statements, which 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, the timing of hardware delivery and the prospects for future planned developments. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors including, but not limited to, risks and uncertainties detailed in Bloom’s SEC filings. 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, 2023, and Quarterly Reports on From 10-Q for the quarters ended March 31, 2024, and June 30, 2024, filed with the SEC on February 15, 2024, May 9, 2024, and August 8, 2024, respectively, as well as subsequent reports filed with or furnished to the SEC. Bloom assumes no obligation to, and does not intend to, update any such forward-looking statements.
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Media
Bloom Energy – Katja Gagen (press@bloomenergy.com)
Investors
Bloom Energy - Michael Tierney (investor@bloomenergy.com)
Source: Bloom Energy
FAQ
What is the size of Bloom Energy's (BE) new utility deal with FPM Development?
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Where will Bloom Energy (BE) install the fuel cells for the FPM Development project?
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