Welcome to our dedicated page for Bloom Energy Corporation news (Ticker: BE), a resource for investors and traders seeking the latest updates and insights on Bloom Energy Corporation 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) 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
Bloom Energy (NYSE: BE) will engage in several virtual events for the financial community, including Baird's Virtual Global Industrial Conference on November 9, 2021, and the Credit Suisse Inaugural Virtual Climate Symposium on December 6, 2021. The company aims to promote its mission of providing clean, reliable energy through its Bloom Energy Server, which is designed for microgrid applications and serves major customers across various industries. For further details, visit www.bloomenergy.com.
Bloom Energy (NYSE:BE) announced the deployment of a 1 MW fuel cell system at Bar 20 Dairy Farms in Kerman, California, marking its inaugural dairy biogas project. This initiative utilizes cow manure to produce renewable electricity without combustion, effectively capturing methane emissions that would otherwise contribute to climate change. The project supports California's Low Carbon Fuel Standard, providing additional income opportunities for farmers. The deployment aims to enhance local air quality while offering a sustainable energy solution.
Bloom Energy Corporation (NYSE: BE) reported Q3 2021 revenue of $207.2 million, a 3.5% increase year-over-year, with a GAAP gross margin of 17.8%. The company achieved a record 353 system acceptances, up 12.4% from Q3 2020. Despite revenue growth, net loss expanded to $52.4 million, with GAAP EPS at ($0.30). Bloom launched its Bloom Electrolyzer and Hydrogen Energy Server, aiming for leadership in net-zero emissions. Cash reserves dropped to $319.9 million, down from $504.4 million in 2020.
Bloom Energy has announced a significant deployment of 10 megawatts of fuel cells in Colchester, Connecticut. This installation aims to aid the town in reducing its dependence on heating oil while aligning with the state's clean energy objectives. The project is projected to cut carbon emissions by 3,850 tons annually and reduce smog-forming pollutants by over 99% compared to traditional grid alternatives. This deployment is part of a broader initiative by Connecticut's state government to enhance renewable energy sources.
FAQ
What is the current stock price of Bloom Energy Corporation (BE)?
What is the market cap of Bloom Energy Corporation (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?
