California clean energy company expands
European footprint, boosts Italian energy independence
Bloom Energy (NYSE:BE) has partnered with Cefla, a leading
Italian engineering, procurement and construction company, for
multiple megawatts (MW) of Bloom’s solid oxide fuel cells, expected
to be deployed through 2025. The partnership will expand Bloom’s
footprint in Italy and aid in Italian companies’ transition from
traditional combustion-based sources of energy to a fuel-cell based
Energy Server™ that can efficiently meet critical
energy needs.
The partnership between Bloom and Cefla builds on each company’s
leadership in energy, enlarging the clean tech suite of offerings
available for Italian companies. Cefla will deploy Bloom’s highly
efficient Energy Servers, which can be configured to replace
traditional combined heat and power (CHP) systems, to address the
gas reduction requirement recently approved by European Union
energy ministers. Bloom’s fuel-flexible technology, which can
operate on natural gas, biogas or hydrogen, produces electricity
without combustion and reduces carbon emissions compared to the
grid with near zero harmful smog-forming particulate matter. Over
the last 90 years, Cefla has honed its expertise in the design,
construction and management of cogeneration plants and energy
efficiency projects in both buildings and industrial
applications.
“With the events of the past year, Europe’s business and
political leaders know that they must focus on improving energy
security,” said Tim Schweikert, Senior Managing Director of
International Business Development, Bloom. “We believe that Cefla’s
choice of Bloom’s technology positions Bloom as a solution for
Europe’s new power savings mandate and an important next step in
its eventual energy independence.”
“Our partnership with Bloom Energy is a source of great pride
for us at Cefla and further strengthens our position as leaders of
the Italian energy market,” said Gianmaria Balducci, president of
Cefla. “It is an important source of inspiration to improve
consistently and develop key innovations in the field of
sustainability, continuing to invest in this sector with proposals
in line with Green Deal policies and the energy transition. At a
time when Europe is in dire need of overcoming its energy shortage,
implementing the most efficient technologies is crucial, and fuel
cells are unquestionably innovative, even more so as the absence of
combustion helps reduce polluting emissions. Bloom Energy is our
partner of choice to support us in the field of energy transition,
a partner capable of promptly responding to new market requirements
and environmental needs. We will work together towards future
energy goals and climate challenges.”
This represents Bloom Energy’s second deal with a leading
Italian company. Earlier this year, Bloom announced the
installation of its Energy Servers as part of Ferrari’s
decarbonization project.
In addition, Cefla has invited Bloom to exhibit in their booth
at Ecomondo 2022, the leading green technology event for the
Mediterranean basin, which will be held in Rimini, Italy from
November 8 to 11, 2022. Added Schweikert, “With Ecomondo, Cefla is
helping Bloom to introduce its technology to decision-makers in
Europe and beyond.”
For more information about Bloom Energy’s decarbonization
platform and the company’s commitment to a net-zero future, visit:
https://www.bloomenergy.com/technology/powering-the-future/
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 Cefla, including plans to install
solid oxide fuel cells sites selected by Cefla, any expected
benefits from the collaboration with Cefla, such as carbon
emissions reductions, increased energy efficiency, or satisfying
any clean energy or power savings requirements by the European
Union or other regulatory agencies, and progress towards any
net-zero emissions, decarbonization or energy independence goals.
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, 2021, filed with the SEC on February
25, 2022, and its Quarterly Reports on Form 10-Q for the quarters
ended March 31, 2022 and June 30, 2022, filed with the SEC on May
6, 2022 and August 9, 2022, respectively, 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.
About Cefla
Cefla is a leading Italian company in the design, construction
and management of cogeneration plants and energy efficiency
projects for civil and industrial applications. Founded in 1932, in
Imola, Italy, it has designed and built technological systems for
major Italian projects, including the Teatro alla Scala theater and
several directional towers in Milan or the Uffizi Museum in
Florence, in addition to supplying management for infrastructures,
production lines and energy systems for top Italian industry
players. Today, Cefla is a multi-business group consisting of 4
business units and large-scale production plants all over the
world. Each business is a success story combining products,
processes and innovations. They are all part of a shared quest for
improvement in which partnerships and skills interact to generate
excellence and ensure satisfaction for all customers and
stakeholders. The core values of the Engineering Business Unit,
with its long- standing experience and solid expertise in the
construction and management of technological systems for the civil
and industrial plant engineering sectors and highly efficient and
sustainable energy production, are about improving the well-being
and comfort of the places where people live, work and share leisure
time. Technology to Enhance Your Wellbeing. For more information,
visit https://www.cefla.com/en/business-unit/engineering/
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version on businesswire.com: https://www.businesswire.com/news/home/20221110005268/en/
Bloom Energy Media Contact: Virginia Citrano
press@bloomenergy.com
Bloom Energy Investor Relations: Ed Vallejo
267.370.9717 Edward.Vallejo@bloomenergy.com
Cefla Media Contact: Beatrice Brusa
beatrice.brusa@cefla.it
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