Town of Colchester Now Home to 10 Megawatts of Bloom Energy Fuel Cells, Bringing Clean Energy to Community and Reducing Emissions

Rhea-AI Summary

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.

Positive

• Installation of 10 megawatts of fuel cells in Colchester.
• Expected to reduce carbon emissions by 3,850 tons annually.
• Reduction of smog-forming pollution and particulate matter by over 99%.
• Supports Connecticut's clean energy goals and reduces dependence on heating oil.

Negative

• None.

Utility-scale installation of Bloom Energy Servers commences with opportunity to reduce town’s dependence on heating oil and aligns with the State of Connecticut’s clean energy goals

COLCHESTER, Conn. & SAN JOSE, Calif.--(BUSINESS WIRE)-- The Town of Colchester, Connecticut and Bloom Energy, a leading energy company, today announced the deployment of 10 megawatts of highly efficient fuel cells to help meet the clean energy needs of the community. The Bloom Energy Servers will cut community carbon emissions by 3,850 tons per year and reduce smog-forming pollution and particulate matter by over 99 percent in comparison to current displaced grid alternatives.

Bloom Energy Servers in Colchester, CT (Photo: Business Wire)

Bloom Energy’s fuel flexible, solid oxide fuel cell technology produces electricity from natural gas, biogas, or hydrogen through an electrochemical process, without combustion, at one of the highest efficiencies of any power solution available in the world today.

This project aligns with the State of Connecticut’s efforts to increase clean and renewable energy sources. The Bloom Energy installation in Colchester was selected as part of Connecticut Department of Energy and Environmental Protection’s (DEEP) Clean Energy Request for Proposals. In addition to fuel cell adoption, other selected projects included offshore wind and anaerobic digestion.

Colchester, with its beautiful natural resources and plentiful outdoor activities, is a fitting home for a clean energy project, especially as the town has been named a “Community Wildlife Habitat” by the National Wildlife Federation. With the introduction of more clean and renewable energy technologies to the community, Colchester will have the ability to reduce dependence on heating oil, and thereby reduce its carbon footprint.

“We are environmental stewards of this land and of our planet,” said Mary Bylone, first selectman of the Town of Colchester. “Implementing clean energy solutions, such as Bloom Energy Servers, aligns with our dedication to our land, wildlife, and the future generations of our community.”

“We are focused on helping communities reduce emissions, build energy resilience, and meet their sustainability goals, through our distributed, always-on, non-combustion process of generating clean electricity,” said Kris Kim, vice president of global commercial operations, Bloom Energy. "We are proud to support the town of Colchester and the state of Connecticut in the pursuit of a clean energy future that will drive positive environmental impact and support the health of local citizens.”

The fuel cell installation is located at a local substation for targeted local power generation capacity. This deployment in Colchester has been made possible through a long-term purchase agreement with energy providers Eversource and United Illuminating.

About Town of Colchester

The Town of Colchester, Connecticut was founded in 1698 and is located in New London County. To learn more, please visit www.colchesterct.gov

About Bloom Energy

Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. Bloom Energy’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom Energy’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as “anticipates,” “could,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements include, but are not limited to, statements concerning Bloom’s expectations in cutting community carbon emissions and reducing smog-forming pollution and particulate matter in comparison to current displaced grid alternatives; and the ability to reduce dependence on heating oil, and thereby reduce its carbon footprint. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including those included in the risk factors section of Bloom Energy’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and other risks detailed in Bloom Energy’s SEC filings from time to time. Bloom Energy undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211028005425/en/

Media Relations Contacts

Town of Colchester

860.537.7200

Erica Osian

Bloom Energy

401.714.6883

erica.osian@bloomenergy.com

Investor Relations Contact

Edward Vallejo

Bloom Energy

267.370.9717

edward.vallejo@bloomenergy.com

Source: Bloom Energy

FAQ

What is the significance of Bloom Energy's recent project in Colchester, Connecticut?

Bloom Energy's deployment of 10 megawatts of fuel cells aims to significantly reduce carbon emissions and align with the clean energy goals of Connecticut.

How much carbon emissions will the Bloom Energy project in Colchester reduce?

The project is expected to cut carbon emissions by 3,850 tons per year.

What kind of pollution will the Bloom Energy Servers reduce in Colchester?

The Bloom Energy Servers will reduce smog-forming pollution and particulate matter by over 99%.

When was the Bloom Energy fuel cell installation project announced?

The announcement was made in October 2021.

What is the purpose of Bloom Energy's fuel cell technology?

Bloom Energy's fuel cell technology aims to provide clean, reliable energy while reducing reliance on fossil fuels, such as heating oil.