Bloom Energy Signs First Customer in Germany
July 31 2023 - 9:20AM
Business Wire
Advanced CHP solution will provide
electricity and hot water to a geothermal plant
Bloom Energy (NYSE: BE) today marked the next step in its
European expansion, announcing its first customer in Germany, the
energy conglomerate EnBW’s (Energie Baden-Württemberg AG)
affiliate, Geothermie-Gesellschaft Bruchsal GmbH.
Under the agreement, 300 kilowatts of Bloom’s solid oxide fuel
cells will provide base load power to feed the auxiliary loads of
Geothermie-Gesellschaft Bruchsal GmbH’s geothermal plant in
Bruchsal, a city in Germany’s Upper Rhine plain. The plant supplies
heat and electricity and has been part of a research project to
extract lithium from geothermal water.
The Bloom fuel cell Energy Server™ can generate electricity from
a variety of fuels without combustion, sharply reducing CO2
emissions and air pollution. The platform also generates clean
heat, at temperatures greater than 350° Celsius, which offers a
unique opportunity for heat recovery. Bloom’s design-build
contractor on the project, 2G Energie AG, will handle the heat
recovery integration, which will feed the heating grid. This will
be Bloom’s first CHP installation in Germany.
“We are pleased that Geothermie-Gesellschaft Bruchsal GmbH has
chosen to partner with Bloom Energy for our first installation in
Germany,” said Tim Schweikert, Head of Global Sales at Bloom
Energy. “Our Combined Heat and Power Energy Servers are attractive
to markets that are looking for highly efficient, low emissions,
reliable power. We see opportunities for robust growth in
Germany.”
CHP systems produce electricity and thermal energy using a range
of technologies and fuels, most typically applied to combustion
engines. The CHP-compatible applications include industrial
boilers, central heating, district heating and process water and
cooling. With on-site production, losses are minimized and heat
that would otherwise be wasted is applied to facility loads in the
form of process heating, hot water, or even chilled water. Bloom
Energy Servers generate high temperature (> 350°C) heat, capable
of producing steam or running absorption chillers.
Bloom has greatly expanded its presence in Europe in the last 12
months. The agreement with Geothermie-Gesellschaft Bruchsal GmbH
follows an announcement in June that Bloom’s fuel cell Energy
Server will provide base load power at the largest onshore oil
field in western Europe, Perenco’s Wytch Farm in Dorset, England.
Bloom also signed marketing partnership agreements for Spain and
Portugal in 2023 and made energy platform sales to Italy’s Cefla
and Ferrari in 2022.
Forward-Looking Statements
This press release contains certain forward-looking statements
that are subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally relate to future events or our future
financial or operating performance. In some cases, you can identify
forward-looking statements because they contain words such as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “should,” “will” and “would” or the negative of these words
or similar terms or expressions that concern Bloom’s expectations,
strategy, priorities, plans or intentions. These forward-looking
statements include, but are not limited to, Bloom’s expectations
regarding the collaboration with Geothermie-Gesellschaft Bruchsal
GmbH, any expected benefits from the collaboration with
Geothermie-Gesellschaft Bruchsal GmbH, such as carbon emissions and
particulate matter reductions, hot air recovery opportunities or
increased energy efficiency and reliability, progress towards any
net-zero emissions, decarbonization or energy independence goals,
and Bloom’s long-term commitment to particular regions, policies or
imperatives. More information on potential risks and uncertainties
that may impact Bloom’s business are set forth in Bloom’s periodic
reports filed with the SEC, including its Annual Report on Form
10-K for the year ended December 31, 2022, filed with the SEC on
February 21, 2023, and its Quarterly Reports on Form 10-Q for the
quarter ended March 31, 2023, filed with the SEC on May 9, 2023, as
well as subsequent reports filed with or furnished to the SEC from
time to time. Bloom assumes no obligation to, and does not
currently intend to, update any such forward-looking
statements.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230731693280/en/
Media Contact: press@bloomenergy.com
Investor Relations: Ed Vallejo 267.370.9717
Edward.Vallejo@bloomenergy.com
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