Bloom Energy Corporation - BE STOCK NEWS

New research by M.Cubed reveals that diesel-fueled backup generators in California are increasing, with nearly 90% of the 23,507 generators in the South Coast and Bay Area districts being diesel-powered. This surge represents a 34% increase in the Bay Area over three years, resulting in annual health costs exceeding $136 million. Diesel generators emit harmful pollutants, contributing to respiratory diseases and environmental damage. The report calls for a shift towards cleaner energy solutions, aligning with the desires of nearly three-quarters of California voters for sustainable alternatives.

Bloom Energy (NYSE: BE) has launched its commercial Hydrogen Energy Servers, which provide zero-carbon electricity using 100% hydrogen. This release follows the introduction of the Bloom Electrolyzer, aimed at efficient hydrogen generation. With the growing global demand for hydrogen solutions and more than 30 countries developing hydrogen strategies, Bloom Energy is positioned to support clean energy transitions. Their technology, validated through a successful pilot project in South Korea, enhances renewable energy production and addresses greenhouse gas emissions, contributing to a sustainable future.

Bloom Energy Corporation (NYSE:BE) has appointed Edward Vallejo as the new vice president of investor relations, effective September 27, 2021. Vallejo brings over 20 years of experience in financial and operational roles. His previous position was at American Water, where he led investor relations and ESG reporting. With a focus on clean energy, Vallejo aims to enhance communication of Bloom Energy's mission to investors. The company strives to make clean energy affordable for everyone globally with its innovative technology that supplies reliable electric power.

Bloom Energy Corporation (NYSE: BE) reported Q2 2021 financial results with a revenue of $228.5 million, a 21.6% increase from Q2 2020. Product revenue rose 26.4% to $146.9 million, driven by a 41.5% increase in acceptances. Gross margin improved to 16.3%, up 2.3 percentage points year-over-year. However, operating margin decreased to (18.7%), reflecting rising operating expenses. GAAP EPS was $(0.31). Bloom maintains its 2021 revenue guidance at $950 million - $1 billion.

Bloom Energy (NYSE: BE) announced significant advancements in maritime decarbonization through a partnership with Samsung Heavy Industries. They received Approval in Principle (AiP) from DNV for an engineless, fuel cell-powered LNG carrier, marking a step towards reducing greenhouse gas emissions in shipping. Additionally, Bloom Energy’s solid oxide fuel cell (SOFC) technology was verified by the American Bureau of Shipping as a viable alternative power source for vessels. These milestones position Bloom Energy at the forefront of sustainable shipping solutions, aiming to meet aggressive environmental targets set by the International Maritime Organization.

Bloom Energy (NYSE: BE) has announced its initiative to convert its global natural gas fleet to certified low-leak natural gas, aiming to reduce harmful methane emissions. This collaboration with MiQ and Equitable Origin is designed to ensure that customers understand the importance of responsible natural gas sourcing. The initiative is projected to significantly impact climate goals by tackling the 84 million tons of methane emitted annually from the oil and gas sector. Bloom Energy plans to source certificates for reduced methane emissions starting in 2022, emphasizing its commitment to a zero-carbon future.

Heliogen and Bloom Energy (NYSE: BE) have announced plans to produce green hydrogen through concentrated solar power and water. Their collaboration aims to accelerate the transition to a zero-carbon future, utilizing Heliogen's Sunlight Refinery and Bloom's solid oxide electrolyzers. This technology is expected to be 30% more efficient than common alternatives, enabling cost-effective green hydrogen production. The first solution is set to be operational at Heliogen's facility in Lancaster, California by the end of 2021. This venture aligns with global decarbonization efforts.

Bloom Energy (NYSE: BE) will release its Q2 fiscal year 2021 financial results on August 4, 2021, after market close. The management will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results. Interested parties can join the call via telephone or a live webcast, accessible from Bloom Energy's investor relations website. A telephonic replay will be available for a week following the call, with a longer-term replay on the website for one year.

Bloom Energy (NYSE: BE) has announced its inaugural Combined Heat and Power (CHP) project in partnership with SK ecoplant. This 4.2 MW installation marks a significant development in South Korea's energy sector as the first utility-scale solid oxide fuel cell (SOFC) CHP initiative. The project aims to generate 35,000 megawatt hours annually while capturing 4 million megacalories of thermal energy, contributing to reduced CO2 emissions. Construction is set to commence later this year, leveraging innovative Power Tower technology to enhance energy efficiency.