- Higher electrical and combined efficiency than current CHP
solutions
- Enables industrial and commercial customers to save on energy
costs and reduce carbon footprint
- Product ready to ship now; first customer announced
Bloom Energy (NYSE:BE) is now offering the Bloom Energy Server™
as a Combined Heat and Power (CHP) solution that utilizes a high
temperature (>350°C) exhaust stream for industrial steam
production and absorption chilling.
About 50% of global industrial energy use is for steam
generation. Our high-temperature exhaust stream can produce steam.
Customers can use the Bloom Energy Server now not only to produce
high-efficiency clean electricity, but also high temperature steam
with no additional fuel input—significantly reducing operating
costs and carbon emissions. The Bloom technology offers a pathway
to decarbonization for industries from chemicals to petroleum and
refining, pulp and paper, food processing and primary metals that
does not exist in older CHP systems.
Additionally, rising temperatures are significantly raising the
demand for cooling. Today, virtually all cooling is enabled by
using electricity. Big power users, such as data centers, use up to
40% of their electricity for cooling. The electrically enabled
cooling uses hydrofluorocarbons (HFCs), highly potent greenhouse
gases, as refrigerants.
Bloom’s offering will enable customers to replace HFC chillers
with absorption chillers that do not use HFCs.
Bloom’s advanced CHP solution is particularly attractive to the
world’s largest CHP markets in Germany, South Korea, Italy, Japan,
and the United States, where almost half of the operating CHP
systems are over 20 years old and ready for replacement. Bloom has
already signed its first advanced CHP customer in Germany,
Geothermie-Gesellschaft Bruchsal GmbH, an affiliated company of
EnBW (Energie Baden-Württemberg AG), an energy conglomerate based
in Stuttgart.
“An optimal CHP solution must have high electrical efficiency,
high temperature heat, and high total efficiency,” said Ravi
Prasher, Chief Technology Officer, Bloom Energy. “Other
technologies such as combustion engines or low-temperature fuel
cells do not have the capability to achieve all three attributes,
but Bloom’s solution can. This is yet another example of our
innovative low-carbon energy offerings. With these new CHP
capabilities, and greater than 50% electrical efficiency, Bloom
Energy can achieve more than 90% combined efficiency and deliver
high-temperature heat.”
The table below highlights the advantages of Bloom’s offering
over traditional CHP systems:
Offering
Traditional CHP
Bloom CHP
High electrical efficiency
X
✓
Reliable electricity
X
✓
High-temperature heat
✓
✓
High combined efficiency
✓
✓
Zero air pollution
X
✓
Low carbon footprint
X
✓
For more information about Bloom Energy’s CHP technology visit:
https://www.bloomenergy.com/applications/energy-server-with-heat-capture/
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: the efficiency,
economics, value proposition and timing of delivery of the Bloom
Energy Server™ with CHP; Bloom’s investment in research and
development; Bloom’s international expansion plans; potential tax
credits. 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 Report 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 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.
Background
CHP systems produce electricity and usable heat using a range of
technologies and fuels, most typically using internal combustion
engines. CHP-compatible applications include industrial boilers,
central heating, district heating and process water, and
absorption-based cooling. When CHP systems are used on-site,
transfer losses are minimized and heat that is produced as part of
power generation that would otherwise be wasted is used, resulting
in reduced facility energy use.
Bloom Energy is a world leader in solid oxide fuel cells. Its
Energy Server is designed to enable customers to maximize the
usable energy from their fuel expenditures.
How Does Bloom’s High-Temperature CHP Work?
Unlike other fuel cell technologies, Bloom’s solid oxide fuel
cells operate at high temperature, over 800° Celsius. By modifying
the internal plumbing of our servers, the new offering can supply
the exhaust gas stream at temperatures greater than 350°C. This
high-temperature gas stream can provide heat to a steam
generator/boiler to make steam and hot water. Steam and hot water
can be directly used for heating requirements in various industrial
and district heating applications. Alternatively, the gas stream or
steam can be fed to absorption chillers to provide space cooling.
Instead of using electricity to provide cooling, absorption
chillers use high-temperature heat.
How Large Is The CHP Market?
- According to analysts, the global combined heat and power
market was valued at $26 billion in 2022 and is expected to surpass
$43 billion by 2030.
- The market is expected to grow at a CAGR of 5.9% from 2022 to
2030.
What Are The Top 10 Countries For CHP?
- China – 367GW (44% of global installed capacity)
- U.S. – 82GW (10%)
- Germany – 33GW (4%)
- Poland – 22GW (2%)
- UAE – 19GW (2%)
- South Korea – 17GW (2%)
- Italy – 16GW (2%)
- Japan – 14GW (1%)
- Saudi Arabia -13GW (1%)
- Brazil – 13GW (1%)
Which Industries Have The Most Installed CHP
Capacity?
- Chemicals – 24GW (29%)
- Petroleum & Refining – 15GW (19%)
- Pulp & Paper – 11GW (15%)
- Food Processing – 4GW (6%)
- Primary Metals – 4GW (5%)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230731709421/en/
Media Contact: press@bloomenergy.com
Investor Relations: Ed Vallejo 267.370.9717
Edward.Vallejo@bloomenergy.com
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