Bloom Energy Signs First Customer in Germany

Rhea-AI Summary

Bloom Energy announces its first customer in Germany, Geothermie-Gesellschaft Bruchsal GmbH, for its solid oxide fuel cells. The fuel cells will provide base load power to the geothermal plant in Bruchsal, reducing CO2 emissions and air pollution. Bloom Energy's design-build contractor, 2G Energie AG, will handle the heat recovery integration. This marks Bloom's expansion in Europe.

Positive

• Bloom Energy expands its presence in Europe with its first customer in Germany.
• The agreement with Geothermie-Gesellschaft Bruchsal GmbH marks Bloom's first CHP installation in Germany.
• Bloom Energy's solid oxide fuel cells will provide base load power to the geothermal plant, reducing CO2 emissions and air pollution.
• Bloom Energy's design-build contractor, 2G Energie AG, will handle the heat recovery integration.
• Bloom Energy sees opportunities for robust growth in Germany.

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• None.

Advanced CHP solution will provide electricity and hot water to a geothermal plant

SAN JOSE, Calif.--(BUSINESS WIRE)-- Bloom Energy (NYSE: BE) today marked the next step in its European expansion, announcing its first customer in Germany, the energy conglomerate EnBW’s (Energie Baden-Württemberg AG) affiliate, Geothermie-Gesellschaft Bruchsal GmbH.

Under the agreement, 300 kilowatts of Bloom’s solid oxide fuel cells will provide base load power to feed the auxiliary loads of Geothermie-Gesellschaft Bruchsal GmbH’s geothermal plant in Bruchsal, a city in Germany’s Upper Rhine plain. The plant supplies heat and electricity and has been part of a research project to extract lithium from geothermal water.

The Bloom fuel cell Energy Server™ can generate electricity from a variety of fuels without combustion, sharply reducing CO₂ emissions and air pollution. The platform also generates clean heat, at temperatures greater than 350° Celsius, which offers a unique opportunity for heat recovery. Bloom’s design-build contractor on the project, 2G Energie AG, will handle the heat recovery integration, which will feed the heating grid. This will be Bloom’s first CHP installation in Germany.

“We are pleased that Geothermie-Gesellschaft Bruchsal GmbH has chosen to partner with Bloom Energy for our first installation in Germany,” said Tim Schweikert, Head of Global Sales at Bloom Energy. “Our Combined Heat and Power Energy Servers are attractive to markets that are looking for highly efficient, low emissions, reliable power. We see opportunities for robust growth in Germany.”

CHP systems produce electricity and thermal energy using a range of technologies and fuels, most typically applied to combustion engines. The CHP-compatible applications include industrial boilers, central heating, district heating and process water and cooling. With on-site production, losses are minimized and heat that would otherwise be wasted is applied to facility loads in the form of process heating, hot water, or even chilled water. Bloom Energy Servers generate high temperature (> 350°C) heat, capable of producing steam or running absorption chillers.

Bloom has greatly expanded its presence in Europe in the last 12 months. The agreement with Geothermie-Gesellschaft Bruchsal GmbH follows an announcement in June that Bloom’s fuel cell Energy Server will provide base load power at the largest onshore oil field in western Europe, Perenco’s Wytch Farm in Dorset, England. Bloom also signed marketing partnership agreements for Spain and Portugal in 2023 and made energy platform sales to Italy’s Cefla and Ferrari in 2022.

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 Geothermie-Gesellschaft Bruchsal GmbH, any expected benefits from the collaboration with Geothermie-Gesellschaft Bruchsal GmbH, such as carbon emissions and particulate matter reductions, hot air recovery opportunities or increased energy efficiency and reliability, 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, 2022, filed with the SEC on February 21, 2023, and its Quarterly Reports on Form 10-Q for the quarter ended March 31, 2023, filed with the SEC on May 9, 2023, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230731693280/en/

Media Contact:

press@bloomenergy.com

Investor Relations:

Ed Vallejo

267.370.9717

Edward.Vallejo@bloomenergy.com

Source: Bloom Energy

FAQ

Who is Bloom Energy's first customer in Germany?

Bloom Energy's first customer in Germany is Geothermie-Gesellschaft Bruchsal GmbH.

What will Bloom Energy's solid oxide fuel cells provide to the geothermal plant in Bruchsal?

Bloom Energy's solid oxide fuel cells will provide base load power to the geothermal plant in Bruchsal.

What is the role of 2G Energie AG in the project?

2G Energie AG will handle the heat recovery integration for Bloom Energy's project.

What are the benefits of Bloom Energy's solid oxide fuel cells?

Bloom Energy's solid oxide fuel cells reduce CO2 emissions and air pollution.

Where else has Bloom Energy expanded its presence in Europe?

Bloom Energy has expanded its presence in Europe with projects in England, Spain, Portugal, Italy, and more.