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 manufacturing company focused on fuel cell power systems for onsite electricity generation. Its news flow reflects both its role in the energy transition and its position in supporting digital and AI infrastructure. The company describes its fuel cell systems as providing ultra-resilient, highly scalable onsite electricity generation for Fortune 500 customers, including data centers, semiconductor manufacturing, large utilities and other commercial and industrial sectors.
Visitors to this Bloom Energy news page can review company announcements about quarterly financial results, strategic partnerships, capital markets activities and corporate governance developments. Recent releases include detailed reports on second and third quarter financial performance, where Bloom Energy breaks out revenue from product, installation, service and electricity, and discusses both GAAP and non‑GAAP metrics such as gross margin, operating income and EBITDA.
Bloom Energy also issues news on major strategic relationships. Examples include a $5 billion strategic partnership with Brookfield focused on AI infrastructure and AI factories, and a collaboration with Oracle to deploy fuel cell technology at Oracle Cloud Infrastructure data centers. These announcements highlight how Bloom Energy’s systems are being used to power AI data centers and other critical digital infrastructure.
In addition, the company publishes updates on financing transactions such as convertible senior notes offerings and related exchange transactions, as well as corporate developments like board appointments and leadership changes in business and corporate development. By following this news feed, investors and observers can track how Bloom Energy communicates its operational progress, partnerships, financing decisions and role in onsite, low‑carbon power for large enterprises.
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Bloom Energy Corporation (NYSE: BE) will release its Q1 2023 financial results on
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Bloom Energy (NYSE:BE) and SK ecoplant have installed fuel cell systems at two Stamford Health locations in Connecticut. The installations include a 2MW Energy Server at Stamford Hospital and a 700kW system at Tully Health Center. These systems provide stable power, enhancing care quality while significantly reducing air pollutants. Bloom's technology decreases nitrogen and sulfur dioxide emissions by over 99%, potentially saving the U.S. healthcare system millions in pollution-related healthcare costs. This partnership may lead to further installations, supporting Bloom's growth in the healthcare sector.
C3 AI has announced the appointment of KR Sridhar, founder and CEO of Bloom Energy, to its Board of Directors. This strategic move aims to bolster C3 AI's commitment to addressing energy and sustainability challenges through enterprise AI solutions. Sridhar's extensive experience in the clean energy sector is expected to enhance the company's leadership in digital transformation. C3 AI provides a range of integrated products designed to facilitate organizations' transitions toward sustainable practices.
Bloom Energy's first major marine deployment showcased its fuel cells' efficiency aboard the MSC World Europa, a luxury cruise ship by Chantiers de l’Atlantique. The 150kW solid oxide fuel cell platform provided auxiliary power while in port, achieving 60% electrical efficiency and a 30% reduction in carbon emissions. A memorandum of understanding was signed for future multi-MW installations on marine vessels. This deployment supports the IMO's goal of halving shipping emissions by 2008 levels and highlights Bloom's readiness for future regulations. The company aims to enable cleaner power solutions in maritime operations.
Bloom Energy (NYSE:BE) has announced enhancements to its Bloom Energy Server™, specifically integrating Combined Heat and Power (CHP) capabilities. This advancement raises the system's efficiency to potentially 90%, addressing increasing energy demand amid power grid constraints. The CHP-compatible platform is set to support diverse applications like industrial processes and heating, with the first unit scheduled for delivery in Italy this summer. Bloom's commitment to research and development underpins this innovation, aligning with international expansion goals, particularly in Europe where tax incentives are available for CHP systems.
Bloom Energy Corporation (NYSE: BE) reported its financial results for Q4 and full year 2022, achieving over $1 billion in annual revenues for the first time. Q4 revenue was $462.6 million, a 35.1% increase from Q4 2021. The company’s full-year revenue reached $1,199.1 million, up 23.3%. Product and Service revenue also surged by 41.4% in Q4 to $400.2 million. However, gross margin dipped to 15.4% from 20.1% year-over-year. The operating loss expanded to ($40.6) million in Q4, while non-GAAP operating income improved significantly. A record backlog of $10 billion positions Bloom Energy for future growth, with a revenue outlook for 2023 set between $1.4 billion and $1.5 billion.
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