Green hydrogen from Bloom’s electrolyzer
expected to produce 13,000 metric tons of clean ammonia per
year
LSB’s Pryor facility will become North
America’s largest green ammonia production site
Bloom Energy (NYSE: BE), a leading energy technology company,
and LSB Industries, Inc. (LSB) (NYSE: LXU), the leading North
American producer of industrial and agricultural chemicals, today
announced plans to install a 10 megawatt (MW) solid oxide
electrolyzer at LSB’s Pryor, Oklahoma facility. The project is
expected to generate green hydrogen that will contribute to the
synthesis of approximately 13,000 metric tons of zero-carbon
ammonia per year.
Operating at superior efficiencies compared to PEM and alkaline
electrolyzer technologies, Bloom Energy’s solid oxide electrolyzer
is uniquely positioned to unlock clean, low-cost hydrogen at the
scale needed for a net-zero economy. Bloom Energy’s
high-temperature electrolyzer requires less energy to generate
hydrogen than low-temperature electrolyzers on the market today.
When integrated with the most energy efficient high-temperature
processes like ammonia synthesis, which produces extra heat energy,
Bloom’s electrolyzer is up to 30-40 percent more efficient than
competing electrolyzer technologies, resulting in the lowest cost
hydrogen for end customer use. With electricity accounting for up
to 80 percent of the cost of hydrogen production through
electrolysis, solid oxide electrolysis at scale offers a viable,
cost-accessible pathway to hydrogen production. Further, clean
hydrogen produced at LSB’s facility may qualify for federal
incentive programs, such as those currently under evaluation by
Congress.
“Achieving a net-zero future requires clean hydrogen at scale,
and the collaboration between Bloom Energy and LSB is a milestone
for both green hydrogen production and the decarbonization of an
industry that’s vital to farmers and consumers alike,” said Rick
Beuttel, vice president, hydrogen business, Bloom Energy. “We’re
excited to collaborate with LSB to provide significant electrolysis
efficiencies, demonstrating that zero-carbon fuels are available
and accessible today.”
Ammonia is a crucial component in agricultural fertilizers, with
80 percent of ammonia production used to fertilize crops that will
grow food necessary to feed the world. The vital production of
ammonia, however, has historically been even more
emissions-intensive than other hard-to-abate industrial sectors
like cement or steel. The 10 MW solid oxide electrolyzer
installation – which will contribute to making LSB’s Pryor facility
the largest green ammonia production site in North America – will
demonstrate the ability of hydrogen to decarbonize ammonia
production and other industrial sectors, which are collectively
responsible for more than one-third of global energy
consumption.
ThyssenKrupp, a leading global technology, engineering,
procurement, construction, and service provider to chemical plants,
will co-develop the multi-phase project, developing an initial
engineering design to convert a small portion of existing
conventional (“gray”) ammonia capacity at LSB’s Pryor facility into
green ammonia. Bloom Energy will then install, operate, and
maintain the 10 MW electrolyzer at LSB’s Pryor facility, targeting
hydrogen production to begin in 2023.
For more information about Bloom Energy’s solid oxide
electrolyzer and the company’s commitment to a zero-carbon future,
visit: www.bloomenergy.com/bloomelectrolyzer.
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 LSB, including plans to install a
solid oxide electrolyzer at LSB’s Pryor facility, integration with
exothermic processes for scaling green hydrogen generation and
related efficiency gains, availability of any federal clean energy
incentives, projected production dates, viability, cost and timing
of future hydrogen production, and progress towards any net-zero
emissions or decarbonization 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 Report on Form 10-Q for the quarter
ended March 31, 2022, filed with the SEC on May 6, 2022, 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 LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma,
manufactures and sells chemical products for the agricultural,
mining, and industrial markets. The Company owns and operates
facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor,
Oklahoma, and operates a facility for a global chemical company in
Baytown, Texas. LSB’s products are sold through distributors and
directly to end customers primarily throughout the United States.
Committed to improving the world by setting goals that will reduce
our environmental impact on the planet and improve the quality of
life for all of its people, the Company is well positioned to play
a key role in the reduction of global carbon emissions through its
planned carbon capture and sequestration, and zero carbon ammonia
strategies. Additional information about LSB can be found on its
website at www.lsbindustries.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220525005384/en/
Bloom Energy Media Contact: Jennifer Duffourg
480.341.5464 jennifer.duffourg@bloomenergy.com
Bloom Energy Investor Relations: Ed Vallejo 267.370.9717
Edward.Vallejo@bloomenergy.com
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