Bloom Energy Corporation - BE STOCK NEWS

Bloom Energy has entered into a certificate trade agreement with EQT, the largest natural gas producer in the U.S., to procure certified, responsibly sourced natural gas for its entire U.S. fleet over the next two years. This agreement aligns with Bloom's July 2021 commitment to transition to certified gas, aiming to reduce annual emissions by approximately 176,000 metric tons of CO2e. The natural gas, compliant with MiQ and Equitable Origin standards, is expected to bolster environmental sustainability efforts for Bloom's customers, including T-Mobile.

Bloom Energy (NYSE: BE) will release its Q1 2022 financial results on May 5, 2022, after market close. A conference call hosted by management will commence at 2:00 p.m. PT / 5:00 p.m. ET on the same day, expected to last 60 minutes. Investors can access the live call by dialing (844) 200-6205 or +1 (833) 950-0062 for international callers. Additionally, a replay will be available for one week post-call. The company provides innovative solutions for lower carbon energy through its solid oxide platform, serving Fortune 100 companies worldwide.

Bloom Energy has announced its first international deployment of a solid oxide electrolyzer in Gumi, South Korea, a significant step towards a hydrogen-fueled economy. This 130 kW installation demonstrates high-efficiency hydrogen production, operating with reduced energy costs compared to other methods. The electrolyzer performs efficiently using renewable energy sources and is expected to operate at 46 kW-hr/kg H2, with even lower energy use when utilizing steam. The project aligns with South Korea's goals to decarbonize its energy system by 2050.

Bloom Energy Corporation (NYSE: BE) is scheduled to participate in several key financial events, including the Morgan Stanley Energy and Power Conference on February 28, 2022, in New York City, the Credit Suisse 27th Annual Energy Summit on March 1, 2022, in Vail, CO, and the Raymond James 2022 Institutional Investor Conference on March 8, 2022, in Orlando, FL. These events will provide opportunities for the company to engage with the financial community and promote its innovative solid oxide platform for energy generation.

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.