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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 (NYSE: BE) will release its Q1 fiscal year 2021 financial results on May 5, 2021, after market close. Management will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET on the same day to discuss the results. Interested parties can join the call using the provided domestic and international dial-ins. A webcast of the call will be available on Bloom Energy's investor website. Additionally, a replay will be accessible for one week following the call.
Bloom Energy (NYSE: BE) has initiated deployment of over 40 megawatts of solid oxide fuel cells in New York under the Community Distributed Generation (CDG) program. This initiative aims to enhance clean energy access for consumers, especially small businesses and residential customers, while also decreasing greenhouse gas emissions by nearly 50,000 metric tons annually. The project has already seen 7.5 megawatts deployed on Staten Island. Partners in this effort include Captona and Daroga Power, highlighting collaborative efforts to provide reliable and cost-effective clean energy solutions.
Bloom Energy (NYSE: BE) has announced its participation in several upcoming virtual events tailored for the financial community. These events include Baird’s 2021 Sustainability Conference on February 23, Credit Suisse’s Energy Summit on March 1, Morgan Stanley’s Energy & Power Conference on March 2, Raymond James’ Institutional Investors Conference on March 3, and Canaccord Genuity’s Sustainability Conference on March 4. Bloom Energy aims to provide reliable, clean energy solutions through its innovative Energy Server technology.
Bloom Energy Corporation (NYSE: BE) is set to host an investor conference call on February 22, 2021, at 5:00 PM EST. Glen Griffiths, EVP, and Greg Cameron, CFO, will discuss the path to profitability for Bloom’s Services business, focusing on fuel cell improvements and service contract economics. Interested parties can participate via toll-free and international dial-in numbers or through a live webcast on Bloom Energy’s website. A telephonic replay will also be available until March 4, 2021.
Bloom Energy Corporation (NYSE: BE) reported its Q4 2020 financial results with revenue of $249.4 million, up 16.8% year-over-year, driven by 450 acceptances. Gross margin rose to 25.5%, a 13.8 percentage point increase from Q4 2019, while operating margin improved to (1.8%). For the full year, revenue reached $794.2 million, up 1.1%, with a gross margin of 20.9%. The company expects 2021 revenue between $950 million and $1 billion, with plans for operational cash flow improvements.
Bloom Energy (NYSE: BE) announced it will release its fourth quarter and fiscal year 2020 financial results on February 10, 2021, after market close. The company will hold a conference call on the same day at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results. Investors can participate via live dial-in or webcast through their investor relations website. A replay of the call will be available for one week and a recorded version will be accessible for one year on the website.
Bloom Energy and El Camino Health have launched the Shield T3 COVID testing system at Bloom Energy's facility in Sunnyvale, California. The new mobile lab offers rapid and inexpensive testing, requiring only saliva samples. Results are available within six hours, boasting a specificity of over 99%. One in six tests purchased will be donated to Gardner Health Services to assist communities severely impacted by COVID-19. The lab can process up to 10,000 tests daily, supporting local businesses and schools in maintaining operations during the pandemic.
Bloom Energy (NYSE: BE) will host a Virtual Analyst Day on December 16, 2020, at 11:00 a.m. ET/8:00 a.m. PT. CEO KR Sridhar and the executive team will discuss a comprehensive strategy aimed at enhancing sustainable growth and shareholder value. The event will feature a live video Q&A session, where participants can submit questions in advance via Investor@BloomEnergy.com. A live webcast with presentation materials will be available on Bloom Energy’s website. The event can also be accessed as an archived recording.
Bloom Energy (NYSE: BE) and SK Engineering and Construction have been awarded a competitive RFP under the RE100 initiative to supply solid-oxide fuel cells and electrolyzers powered by 100% hydrogen at an industrial site in Changwon, Korea. Bloom Energy will provide 1.8 megawatts of fuel cells as part of a microgrid initiative, including onsite solar and battery storage. The project highlights the growth of South Korea's hydrogen economy, with plans for significant fuel cell installations by 2040, underlining Bloom's position in the emerging hydrogen market.
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