Bloom Energy Successfully Deploys its First Fuel Cells Powered Solely by Hydrogen
April 27 2021 - 4:04PM
Business Wire
New hydrogen pilot with SK Engineering &
Construction generates carbon-free power, paving the way for South
Korea to reach carbon neutrality by 2050
Bloom Energy (NYSE: BE) today announced that, in collaboration
with its Korean partner, SK Engineering & Construction Co.,
Ltd., an affiliate of SK Group, it has successfully deployed 100
kilowatts of solid-oxide fuel cells (SOFC) powered solely by
hydrogen in Ulsan, South Korea, generating zero-carbon onsite
electricity.
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Bloom Energy's solid-oxide fuel cells
(SOFC) powered solely by hydrogen in Ulsan, South Korea, generating
zero-carbon onsite electricity. (Photo: Business Wire)
Hydrogen fuel cells, which convert hydrogen into electricity
through a non-combustion electrochemical process, are increasingly
recognized by climate experts and governments across the globe as
an essential tool for full decarbonization. Bloom Energy first
announced its initial plans to enter the commercial hydrogen market
in July 2020, which includes an intended 1 megawatt
hydrogen-powered Energy Server installation with SK E&C by
2022.
“This deployment marks a significant milestone not only for
Bloom, but for the future of hydrogen-based power generation,” said
KR Sridhar, founder, chairman and CEO of Bloom Energy. “While
Bloom’s hydrogen story started more than two decades ago, it’s now
the right market timing to introduce hydrogen-powered solutions and
help countries meet their net-zero emissions goals. We’re proud of
our partnership with SK E&C. Together, we are well-positioned
to play an important role in the global hydrogen economy.”
The SOFCs use hydrogen byproduct generated by SK Advanced to
create power without CO2 emissions. The hydrogen-powered fuel cells
are supplied, operated and maintained by Bloom Energy. Upon
completion of the pilot project, Bloom Energy’s hydrogen SOFCs will
support South Korea’s Changwon RE100 initiative, as well as many
other projects. The RE100 is a global renewable energy initiative
led by the Climate Group to accelerate the move toward zero-carbon
electricity grids. As reported in November 2020, Bloom Energy and
SK E&C won a competitive bid for the Changwon RE100 to supply
Bloom Energy’s hydrogen-powered SOFCs and hydrogen electrolyzers to
an industrial complex there.
“Bloom’s state-of-the-art hydrogen fuel cell, which represents
the pinnacle of power generation efficiency and safety, will allow
us to provide clean electricity that will help Korea reach carbon
neutrality by 2050,” said Jason Ahn, CEO of SK E&C. “We look
forward to playing a leading role in the SK Group’s eco-friendly
business expansion, as well as the Korean government’s Green New
Deal and carbon neutrality policy.”
In addition, Bloom Energy intends to supply its solid-oxide
electrolyzer cells (SOEC), which are designed to produce green
hydrogen via solar and battery, to South Korea in 2022 as part of
the RE100 project. The green hydrogen produced by the SOEC, which
is created through electrolysis by converting water and renewable
electricity into hydrogen without carbon emissions, will be used to
power the hydrogen SOFC.
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, Bloom Energy’s expectations regarding the hydrogen fuel
cell market in South Korea, Bloom Energy’s expectations regarding
its hydrogen-powered fuel cells and electrolyzers, Bloom Energy’s
expectations that hydrogen-powered fuel cells will serve as an
essential tool for full decarbonization, and Bloom Energy’s ability
to successfully deliver these new hydrogen applications. 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 Annual Report on Form 10-K for the year ended
December 31, 2020 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.
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Media Relations: Jennifer Duffourg Bloom Energy +1 (480)
341-5464 Jennifer.Duffourg@bloomenergy.com Investor Relations:
investor@bloomenergy.com
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