Welcome to our dedicated page for Bloom Energy news (Ticker: BE), a resource for investors and traders seeking the latest updates and insights on Bloom Energy stock.
Bloom Energy Corporation (NYSE: BE) is a leading provider of innovative and efficient on-site primary power generation systems. The company's hallmark product, the Bloom Energy Server, utilizes proprietary solid-oxide fuel cell technology initially developed for NASA's Mars program. This cutting-edge technology offers businesses a reliable, cleaner, and cost-effective alternative to the traditional electric power grid. The Energy Servers are capable of using natural gas, biogas, and hydrogen to generate constant, 24/7 electricity for various stationary applications.
Bloom Energy's commitment to reducing greenhouse gas emissions and lowering operating costs has attracted a prestigious client base that includes several Fortune 500 companies such as Google, Walmart, AT&T, eBay, and The Coca-Cola Company. Additionally, notable non-profit organizations like Caltech and Kaiser Permanente are leveraging Bloom's technology to enhance their energy resiliency and sustainability.
In recent years, Bloom Energy has expanded its technological horizons by announcing plans to enter the electrolyzer market, applying its cutting-edge fuel cell technology to create sustainable hydrogen fuel. This strategic move underscores Bloom Energy's ongoing commitment to innovation and environmental stewardship.
Financially, Bloom Energy has secured significant investments and partnerships, including being the first clean energy technology venture backed by prominent investment firms Kleiner Perkins and NEA. The company primarily markets its systems in the United States and South Korea, positioning itself as a pivotal player in the global energy landscape.
The latest news highlights Bloom Energy's groundbreaking projects and partnerships, reflecting its position as a trailblazer in the clean energy sector. Stay tuned for the latest updates and developments about Bloom Energy on StockTitan.
Bloom Energy Corporation (NYSE: BE) reported a robust fourth quarter for 2021, achieving $342.5 million in revenue, a 37.3% increase from 2020. The company recorded 735 system acceptances, marking a 63.3% year-over-year rise. For the full year, revenue reached $972.2 million, up 22.4% from 2020, with a total of 1,879 system acceptances. However, GAAP gross margin decreased to 20.3% from 20.9%. Bloom raised its long-term revenue growth outlook to 30-35% over the next decade, projecting $1.1 - $1.15 billion in 2022 revenue.
Bloom Energy (NYSE: BE) is set to release its Q4 2021 and fiscal year 2021 financial results on February 10, 2022, after market close. This announcement will be followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET, where management will discuss the financial outcomes and the company's long-term outlook. Investors can access a replay of the call for one week after the event, and an extended version will be available on the company’s website for one year.
Bloom Energy Corporation (NYSE:BE) has appointed Rick Beuttel as vice president of hydrogen business to lead its commercial hydrogen strategy. Beuttel, with over 30 years of experience in energy and industrial sectors, will enhance collaborations to propel the global hydrogen economy. His former role at Air Products involved managing $8 billion in capital, focusing on hydrogen projects. This strategic appointment follows Bloom's initiatives to accelerate low-cost green hydrogen production and integration into natural gas networks, reinforcing its position in the energy sector.
Bloom Energy partners with India's Ministry of Power and NTPC Limited for the first green hydrogen energy storage project, aiming for carbon neutrality by 2070.
The project will utilize Bloom’s electrolyzer and hydrogen fuel cells to generate and store green hydrogen from a floating solar farm in Visakhapatnam. Expected to commence in 2022, this endeavor supports India's commitment to renewable energy and grid stabilization.
Bloom’s technology promises efficient hydrogen production, while facilitating a transition to a hydrogen-powered economy.
Bloom Energy Corporation (NYSE: BE) and partners have announced the MSC World Europa, the first cruise ship powered by solid oxide fuel cell (SOFC) technology, promoting maritime decarbonization. The vessel will use 150 kilowatts of Bloom fuel cells, operating on liquefied natural gas (LNG) to significantly reduce emissions—up to 60% less carbon compared to traditional sources. The project aligns with MSC Group's goal for net-zero emissions by 2050, showcasing potential advancements in cleaner maritime energy solutions.
Southern California Gas Co. (SoCalGas) and Bloom Energy (NYSE: BE) announced a project to pioneer hydrogen economy technologies aimed at supporting California's carbon neutrality goals. Set to launch in 2022 at Caltech, the project will use Bloom's electrolyzer to blend 10% hydrogen into the natural gas network, supplying electricity to the university. The collaboration emphasizes innovative decarbonization methods and could lead to more resilient energy systems. Bloom’s high-temperature electrolyzer enhances hydrogen production efficiency, reducing costs and accelerating market adoption.
Bloom Energy (NYSE:BE) and Southern California Gas Co. (OTC-PINK:SOCGP) are collaborating on a hydrogen project aimed at demonstrating the integration of hydrogen into California's natural gas infrastructure. This initiative, launching at Caltech in Pasadena, will generate hydrogen using Bloom's high-temperature electrolyzer, blending it into the existing natural gas network. The project seeks to aid California in achieving carbon neutrality, showcasing hydrogen's potential for energy resilience and cost-effective storage. The companies emphasize the economic advantages of using less electricity for hydrogen production.
Bloom Energy (NYSE: BE) announces a partnership with Conrad Energy and Electricity North West to develop behind-the-meter projects in the UK. This collaboration aims to introduce Bloom's solid oxide power generation technology to the UK market, with orders expected to start in December 2021. The initiative supports the UK's net-zero carbon goals by 2050 and offers cost predictable energy solutions via Power Purchase Agreements. The partnership emphasizes hydrogen production as a key to decarbonizing heavy industries, enhancing the UK's energy infrastructure.
Heliogen and Bloom Energy Corporation (NYSE: BE) successfully demonstrated a combined technology for producing green hydrogen in
FAQ
What is the current stock price of Bloom Energy (BE)?
What is the market cap of Bloom Energy (BE)?
What does Bloom Energy Corporation do?
What is the Bloom Energy Server?
What fuels can Bloom Energy Servers use?
Who are some of Bloom Energy's notable clients?
What recent projects is Bloom Energy involved in?
Where does Bloom Energy primarily sell its systems?
What are the benefits of using Bloom Energy Servers?
Who invested in Bloom Energy as its first clean energy technology venture?
What industry was Bloom Energy's technology initially developed for?
How does Bloom Energy help businesses?
