Westinghouse and Bloom Energy Sign Letter of Intent to Accelerate Zero-Carbon, Large-Scale Hydrogen Production in the Nuclear Industry

Rhea-AI Summary

Bloom Energy Corporation (NYSE: BE) and Westinghouse Electric Company have signed a Letter of Intent to develop clean hydrogen production in the nuclear power sector. This partnership aims to implement large-scale hydrogen projects utilizing Bloom's solid oxide technology and Westinghouse's nuclear expertise. The collaboration seeks to optimize electrolysis solutions, enabling nuclear plants to produce hydrogen efficiently and support decarbonization efforts. The global demand for hydrogen is projected to increase significantly by 2050, highlighting the need for low-carbon production methods.

Positive

• Joint development of clean hydrogen production enhances market position in a growing sector.
• Collaboration leverages advanced solid oxide technology for cost-effective hydrogen generation.
• Focus on decarbonization aligns with global environmental goals and increasing hydrogen demand.

Negative

• None.

Agreement combines industry leadership in electrolyzer technology with proven nuclear expertise

CRANBERRY TOWNSHIP, Pa. & SAN JOSE, Calif.--(BUSINESS WIRE)-- Westinghouse Electric Company and Bloom Energy Corporation (NYSE:BE) today announced that they have entered into a Letter of Intent to pursue clean hydrogen production in the commercial nuclear power market. The companies are teaming to identify and implement clean hydrogen projects across the nuclear industry.

The Bloom Electrolyzer (Photo: Business Wire)

Westinghouse and Bloom Energy will jointly develop an optimized and large-scale high temperature integrated electrolysis solution for the nuclear industry. With the ability to operate 24/7 and provide high-quality steam input, nuclear plants are well-positioned to utilize electrolyzer technology and produce substantial quantities of clean hydrogen with minimal disruption to current, ongoing operations.

"Through this collaboration, we are committed to delivering an economical solution for large-scale hydrogen production in the nuclear industry, which further supports the path to net zero carbon emissions," said Pam Cowan, Westinghouse President of Americas Operating Plant Services.

“We are proud Westinghouse has turned to Bloom and our solid oxide technology to supercharge the clean hydrogen economy,” said Rick Beuttel, vice president, hydrogen business, Bloom Energy. “Solid oxide technology is well suited for nuclear applications, efficiently harnessing steam to further improve the economics of hydrogen production. High temperature electrolysis is already garnering attention and accolades as a cost-effective and viable solution to create low-cost, clean hydrogen, which is critical to meeting aggressive decarbonization goals.”

Global demand for hydrogen and its emerging applications is projected to increase tenfold or more by 2050, surpassing the current infrastructure for producing and delivering hydrogen. As hydrogen usage expands from traditional industrial uses to the fuel of a clean future, the need to produce it in larger quantities and from low- and zero-carbon sources is clear.

The hydrogen produced in nuclear plants can be utilized to serve many industries such as renewable fuels production, oil and metals refining, ammonia synthesis, mining operations, and mobility in sectors such as heavy trucks, buses, and even air travel. The companies also are well positioned to support the U.S. Department of Energy’s developing hydrogen hubs.

About Westinghouse

Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear technologies to utilities globally. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world's operating nuclear plants. Over 135 years of innovation makes Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle. For more information, visit www.westinghousenuclear.com and follow us on Facebook, LinkedIn and Twitter.

About Bloom Energy

Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220606005062/en/

Westinghouse

media@westinghouse.com

Jennifer Duffourg

Jennifer.Duffourg@bloomenergy.com

Source: Bloom Energy

FAQ

What is the latest partnership involving Bloom Energy (NYSE: BE)?

Bloom Energy and Westinghouse Electric Company announced a partnership to develop clean hydrogen production for the nuclear power market.

How will Bloom Energy's technology impact hydrogen production?

Bloom Energy's solid oxide technology aims to optimize hydrogen production in nuclear plants, enhancing economic viability and efficiency.

What are the goals of the Bloom Energy and Westinghouse collaboration?

The collaboration seeks to implement large-scale hydrogen projects, supporting decarbonization and responding to projected hydrogen demand increases by 2050.

What industries may benefit from the hydrogen produced by Bloom Energy?

The hydrogen produced can be used in renewable fuels, oil refining, ammonia synthesis, and mobility sectors including heavy trucks and air travel.

When was the partnership between Bloom Energy and Westinghouse announced?

The partnership was announced on June 6, 2022.