Articles from Bloom Energy

Bloom Energy Corporation (NYSEBE) today announced it will release its fourth quarter 2024 financial results on February 27, 2025, after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

As the energy needs of data centers continue to significantly outpace supply, a new report from Bloom Energy (NYSEBE), a global leader in power solutions, predicts that 35 GW of data center capacity will be announced within the next five years — equivalent to over six times the average energy capacity used by New York City annually. To meet the soaring demand, data centers are adopting onsite power systems as a primary energy source, a shift that reflects the industry’s drive for innovative solutions to address economic imperatives and ease pressure on the nation’s aging power grid.

Bloom Energy (NYSEBE), the world leader in stationary fuel cell power generation, announced today that it has formed a project financing partnership with certain funds managed by HPS Investment Partners (HPS) and Industrial Development Funding (IDF), two leading global providers of infrastructure capital. As part of the agreement, HPS and IDF will acquire 19 MW of Bloom’s Energy Servers, including several advanced on-site microgrid solutions. The approximately $125 million in funding will support the installation of Bloom equipment contracted under PPA structures, which can deliver clean, on-site and highly reliable power to commercial and industrial customers at zero upfront cost.

Bloom Energy (NYSEBE), the world leader in stationary fuel cell power generation, announced that it has signed a supply agreement with American Electric Power (AEP) for up to 1 gigawatt (GW) of its products, the largest commercial procurement of fuel cells in the world to date. As part of this agreement, AEP has placed an order for 100 megawatts (MW) of fuel cells with further expansion orders expected in 2025.

Bloom Energy Corporation (NYSEBE) reported today its financial results for the third quarter ended September 30, 2024. The company reported revenue of $330.4 million for the third quarter of 2024.

Bloom Energy (NYSEBE), a world leader in solid oxide fuel cell generation (SOFC) and solid oxide fuel cell electrolyzer (SOEC) technologies, today announced a landmark project to deliver fuel cells to the largest single-site installation to date in history. The 80 MW project, developed in partnership with SK Eternix, will power two ecoparks in North Chungcheong Province, South Korea, providing reliable, sustainable energy for critical infrastructure and regional development. The project is expected to begin commercial operations in 2025.

Bloom Energy (NYSEBE), a world leader in solid oxide fuel cell (SOFC) and solid oxide electrolyzer (SOEC) technology, announced an agreement with FPM Development for 20 megawatts (MW) of Bloom’s SOFCs across two strategic locations in Los Angeles. The partnership demonstrates Bloom’s capability to rapidly add affordable and resilient generational capacity to American utilities. Bloom and FPM are working together to deliver hardware by the end of 2024.

Bloom Energy (NYSEBE), a world leader in solid oxide fuel cell (SOFC) technology, and Quanta Computer Inc. (TWSE: 2382.TW), a premier Taiwanese electronics manufacturer, announced a major expansion of an existing agreement to power the production of critical hardware serving the AI industry. The new agreement increases the power capacity of Quanta’s existing Bloom SOFC installation by more than 150 percent and will circumvent a costly utility interconnection delay to keep up with rapidly growing demand for orders.

Bloom Energy Corporation (NYSEBE) today announced it will release its third quarter 2024 financial results on November 7, 2024, after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Bloom Energy Corporation (NYSEBE)

Bloom Energy Corporation (NYSEBE) reported today its financial results for the second quarter ended June 30, 2024. The company reported revenue of $335.8 million for the second quarter of 2024.

Bloom Energy (NYSEBE), a world leader in solid oxide fuel cell (SOFC) technology, is now offering the Bloom Energy Server™ power solution with ~60% electrical efficiency* while using 100% hydrogen2.

Bloom Energy (NYSEBE) has appointed Barbara Burger, Ph.D. to its Board of Directors, effective August 1, 2024. A seasoned executive and respected leader in the energy industry, Burger finished her career at Chevron in 2022 as vice president of innovation and president of Chevron Technology Ventures (CTV).

Bloom Energy Corporation (NYSEBE) today announced it will release its second quarter 2024 financial results on August 8, 2024 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Bloom Energy Corporation (NYSEBE), a global leader in solid oxide fuel cell technology, announced today a strategic partnership with CoreWeave, Inc. This win underscores Bloom’s ability to meet the rising energy demands of the rapidly growing AI sector.

Bloom Energy (NYSEBE) appointed Gary Pinkus, Chairman of McKinsey & Company in North America, to its Board of Directors. Pinkus has spent nearly 40 years of his career at McKinsey & Company, the global management consulting firm, building substantial governance, leadership, and executive experience.

Bloom Energy (NYSEBE) (Bloom), a global leader in solid oxide fuel cell technology, announced today a groundbreaking collaboration with Sembcorp Industries (Sembcorp) at the sidelines of the 2024 Clean Economy Investor Forum, organized under the auspices of the Indo-Pacific Economic Framework (IPEF). The Bloom-Sembcorp collaboration will involve Sembcorp’s potential utilization of Bloom’s proprietary solid oxide fuel cell technology and third-party proven carbon capture technologies to produce reliable, low-carbon electricity to meet Singapore’s changing energy needs.

Bloom Energy Corporation (NYSEBE) today announced the pricing of its offering of $350.0 million aggregate principal amount of 3.00% green convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $250.0 million aggregate principal amount of notes. The issuance and sale of the notes is scheduled to settle on May 29, 2024, subject to customary closing conditions. Bloom Energy also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $52.5 million principal amount of notes.

Bloom Energy Corporation (NYSEBE) today announced its intention to offer, subject to market and other conditions, $250,000,000 aggregate principal amount of green convertible senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Bloom Energy also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $37,500,000 principal amount of notes.

Bloom Energy (NYSEBE), a global leader in solid oxide fuel cell technology, announced today a power capacity agreement with Intel Corporation that will result in Silicon Valley’s largest fuel cell-powered high-performance computing data center.

Bloom Energy Corporation (NYSEBE) reported today its financial results for the first quarter ended March 31, 2024. The company reported revenue of $235.3 million for the first quarter of 2024.

Bloom Energy (NYSEBE), a global leader in solid oxide fuel cell technology, announced today a groundbreaking partnership with Quanta Computer Inc. (TWSE: 2382.TW), a premier Taiwanese electronics manufacturer. The partnership adds another significant proof-point in Bloom Energy’s capability to meet the ever-increasing time-to-power challenges of the burgeoning AI sector.

Bloom Energy Corporation (NYSEBE) today announced it will release its first quarter 2024 financial results on May 9, 2024 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Bloom Energy Inc. (NYSEBE), a leading provider of clean energy solutions, announced today the appointment of Daniel Berenbaum as Chief Financial Officer, effective April 29, 2024. Berenbaum will succeed Greg Cameron, who will remain with the company until mid-May 2024 to ensure a smooth transition.

Bloom Energy Inc. (NYSEBE), a leading provider of clean energy solutions, was recently awarded up to $75 million in tax credits by the Department of Energy, Department of Treasury, and the Internal Revenue Service under the Qualifying Advanced Energy Project 48C initiative.

Bloom Energy Inc. (NYSEBE) is teaming up with Shell Plc. (Shell) to study decarbonization solutions, utilizing Bloom’s proprietary hydrogen electrolyzer technology.

Bloom Energy Corporation (NYSEBE) reported today its financial results for the fourth quarter and the full year ended December 31, 2023. The company had record revenue of $1.3 billion for the full year driven by continued growth in product and service revenue.

In cities around the world, variable load, power-intensive applications, such as AI data centers, EV charging stations and commercial developments are rapidly coming online. Intermittent electricity sources are struggling to meet this demand, leaving substantial shortages in power.

Bloom Energy Corporation (NYSEBE) today announced it will release its fourth quarter and fiscal year 2023 financial results on February 15, 2024 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Bloom Energy (NYSEBE) and SK ecoplant, an engineering and energy solutions provider and subsidiary of South Korean conglomerate SK Group, today announced a sale of Bloom’s electrolyzer technology to deploy hydrogen as an energy source in a large-scale green hydrogen demonstration with the Korea Southern Power Co., Ltd (KOSPO) and local government.

Bloom Energy (NYSEBE) and SK ecoplant, an engineering and energy solutions provider and subsidiary of South Korean conglomerate SK Group, today announced they have extended the terms of the Preferred Distributor Agreement (“PDA”) the companies signed in 2021. SK ecoplant has committed to purchase 500 megawatts (MW) of Energy Servers from Bloom Energy through 2027. The transaction is expected to generate approximately $1.5 billion in product revenue and $3 billion of service revenue over 20 years for Bloom Energy. The agreement extends the initial term from 2024 to 2027 and includes a recommitment of approximately 250 MW from the 2021 agreement with an additional 250 MW under this agreement.

Bloom Energy Corporation (NYSEBE) reported today its total revenue for the third quarter ended September 30, 2023, grew 37% compared with the third quarter of 2022. The record revenue for the quarter was driven by continued growth in Product and Service revenue.

Bloom Energy Corporation (NYSEBE) today announced it will release its third quarter 2023 financial results on November 8, 2023 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Bloom Energy (NYSEBE) has installed the first phase of a 10 megawatt (MW) solid oxide fuel cell contract with Unimicron Technology Corp., a chip substrate and printed circuit board maker (PCB) in Taiwan. The space-saving Energy Server™ installation was delivered within five months from order and commissioned within three weeks from delivery, demonstrating Bloom Energy’s ability to quickly dispatch power.

Bloom Energy Corporation (NYSEBE) reported today its total revenue for the second quarter ended June 30, 2023 grew 24% compared with the second quarter of 2022. The record revenue for the quarter was driven by continued growth in Product and Service revenue.

Bloom Energy (NYSEBE) 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.

Bloom Energy (NYSEBE) 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.

Bloom Energy (NYSEBE), a fuel cell innovator that has deployed over 1 GW of clean, reliable power, is launching Series 10 — a ground-breaking, 10MW fuel cell offering with a five-year, flat-rate contract shipped in just 50 days, disrupting the traditional electricity-buying model. The Series 10 Bloom Energy Server enables customers to rapidly meet growing power needs and net-zero compliance at competitive costs and without committing to a long-term contract or worrying about cost increases.

Bloom Energy Corporation (NYSEBE) today announced it will release its second quarter 2023 financial results on August 3, 2023 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Bloom Energy (NYSEBE) has appointed Cynthia “CJ” Warner to its Board of Directors. Warner was the President and CEO of Renewable Energy Group, a leading international producer of low carbon, bio-based diesel, from 2019 through 2022, growing the company’s market value approximately three-fold prior to its acquisition by Chevron.

Bloom Energy (NYSEBE) will host an Investor Conference at the New York Stock Exchange on May 23, 2023.

Bloom Energy Corporation (NYSEBE) today announced the pricing of its offering of $550.0 million aggregate principal amount of 3.00% green convertible senior notes due 2028 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $500.0 million aggregate principal amount of notes. The issuance and sale of the notes is scheduled to settle on May 16, 2023, subject to customary closing conditions. Bloom Energy also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $82.5 million principal amount of notes.

Bloom Energy Corporation (NYSEBE) today announced its intention to offer, subject to market and other conditions, $500,000,000 aggregate principal amount of green convertible senior notes due 2028 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Bloom Energy also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75,000,000 principal amount of notes.

Bloom Energy Corporation (NYSEBE) reported today its total revenue for the first quarter ended March 31, 2023 grew 37% compared with the first quarter of 2022. The record revenue for the quarter was driven by continued growth in Product and Service revenue and supported an improvement in operating margin of over five percentage points.

Second paragraph, second sentence of release should read: The 4 MW Bloom Electrolyzer™, delivering the equivalent of over 2.4 metric tonnes per day of hydrogen output, was built, installed and operationalized in a span of two months to demonstrate the speed and ease of deployment (instead of 2.4 million tonnes).

Bloom Energy (NYSEBE) has signed an agreement with Elugie to provide a total of 9.75 megawatts (MW) of power from the Bloom Energy Server® at five commercial, industrial and data center sites in Belgium. It is Bloom’s first entry to the northern Europe market. Elugie, which has its headquarters in Riga, Latvia, with offices in Mechelen, Belgium, is an energy service company in the Benelux market of Belgium, the Netherlands and Luxembourg.

Bloom Energy Corporation (NYSEBE) today announced it will release its first quarter 2023 financial results on May 9, 2023 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Bloom Energy (NYSEBE) achieved nearly 1 million tonnes of avoided carbon emissions from its business activities in 2022 – enough to displace 200,000 cars from the roads in the U.S. in one year, according to its 2022 Sustainability Report. Bloom’s third annual report highlights numerous activities the clean tech company has achieved from its growing energy server business, which includes a suite of innovative decarbonization solutions such as microgrids, hydrogen, waste to energy, carbon capture and marine applications.

Bloom Energy (NYSEBE) and SK ecoplant Americas have completed the installation of fuel cell systems at two Stamford Health locations. The Bloom platform will provide Stamford Health staff with predictable, stable power to help support Stamford Health’s ability to provide high-quality medical care to patients.

In their first major marine deployment, Bloom Energy (NYSEBE) fuel cells demonstrated a significant increase in electrical efficiency on a luxury cruise ship built by Chantiers de l’Atlantique (CdA). Bloom and CdA have also announced that they have signed a memorandum of understanding to collaborate on developing future multi-MW installations on board marine vessels.

Bloom Energy (NYSEBE) has released its newest application to further enhance the efficiency of its Bloom Energy Server™ to serve customers in markets facing growing energy demand but constrained power grids and ambitious climate goals. The Bloom platform can now be ordered by customers with the compatibility to support Combined Heat and Power (CHP), increasing system efficiency and improving economics.

Bloom Energy Corporation (NYSEBE) today announced its financial results for the fourth quarter and full year ended December 31, 2022. The company surpassed $1 billion for full year revenues for the first time.

Bloom Energy (NYSEBE) today announced it will release its fourth quarter 2022 financial results on February 9, 2023 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Bloom Energy (NYSEBE) has teamed with Telam Partners, a leading senior advisory firm specialized in the financing and market entry of energy, infrastructure, and technology projects, to expand Bloom’s footprint into Spain and Portugal.

Bloom Energy (NYSEBE) has entered into an agreement with Unimicron, a chip substrate and printed circuit board maker (PCB), to deploy up to 10MW of fuel cells at Unimicron plants in Taiwan. The installations will begin in 2023 and be completed by 2026. With this, Bloom Energy will have deployed its solid oxide fuel-cell based Energy Server™ in four Asian countries.

Bloom Energy (NYSEBE) 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.

Bloom Energy Corporation (NYSEBE) today announced financial results for its third quarter ended September 30, 2022.

Bloom Energy Corporation (NYSEBE), today, inaugurated its high volume commercial electrolyzer line at the company’s Newark facility, increasing the company’s generating capacity of electrolyzers to two gigawatts. The award-winning technology is the most energy-efficient design to produce clean hydrogen to date.

Bloom Energy (NYSEBE) today announced it will release its third quarter 2022 financial results on November 3, 2022 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Taylor Farms, North America’s largest producer of healthy fresh foods, has partnered with Bloom Energy (NYSEBE), Ameresco, Inc. NYSE: AMRCNYSEAMRC)

Bloom Energy (NYSEBE) announced plans to install an electrolyzer at the Xcel Energy NASDAQ:XELNASDAQXEL)

Bloom Energy Corporation (NYSEBE) today announced the closing of an underwritten public offering of 14,950,000 shares of Class A common stock at a public offering price of $26.00 per share, before underwriting discounts and commissions. The shares of Class A common stock issued and sold in the offering include 1,950,000 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of Class A common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Bloom Energy, were $388.7 million. All shares in the offering were offered by Bloom Energy.

Bloom Energy Corporation (NYSEBE) today announced the pricing of its underwritten public offering of 13,000,000 shares of Class A common stock at a public offering price of $26.00 per share, before underwriting discounts and commissions. All of the shares of common stock are being offered by Bloom Energy. In addition, Bloom Energy has granted the underwriters a 30-day option to purchase up to an additional 1,950,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Bloom Energy, are expected to be $338.0 million, excluding any exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on August 19, 2022, subject to customary closing conditions.

Bloom Energy Corporation (NYSEBE) today announced that it has commenced an underwritten public offering of 13,000,000 shares of its Class A common stock. All of the shares of the Class A common stock are being offered by Bloom Energy. In addition, Bloom Energy intends to grant the underwriters a 30-day option to purchase up to an additional 1,950,000 shares of Class A common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Bloom Energy Corporation (NYSEBE) today announced the initial results of its ongoing demonstration with Idaho National Laboratory (INL), the nation’s premier center for nuclear energy research and development. With nearly 500 hours of full load operation completed at the laboratory, Bloom’s high-temperature electrolyzer is producing hydrogen more efficiently than other commercially available electrolyzers, including PEM and alkaline.

Bloom Energy (NYSEBE) today announced the grand opening of its multi-gigawatt Fremont, California manufacturing plant. The newly operational, state-of-the-art 164,000 square foot facility, representing a $200 million investment, follows recent expansion of the company’s global headquarters in San Jose as well as the opening of a new research and technical center and a global hydrogen development facility in Fremont. Bloom’s expanded footprint, now more than 524,000 square feet, is expected to create more than 400 clean energy jobs by year-end, bringing Bloom’s California headcount to nearly 2,000.

Bloom Energy (NYSEBE) today announced it will release its second quarter 2022 financial results on August 9, 2022 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Bloom Energy (NYSEBE) today set a new pace for Ferrari’s drive to achieve carbon neutrality in manufacturing by 2030, announcing a one megawatt (MW) installation of Bloom’s solid oxide fuel cells at Ferrari’s expanding manufacturing facility and headquarters in Maranello, Italy.

Westinghouse Electric Company and Bloom Energy Corporation (NYSEBE) today announced that they have entered into a Letter of Intent to pursue clean hydrogen production in the commercial nuclear power market. The companies are teaming to identify and implement clean hydrogen projects across the nuclear industry.

Bloom Energy (NYSEBE), a leading energy technology company, and LSB Industries, Inc. (LSB) NYSE: LXUNYSELXU)

Bloom Energy Corporation (NYSEBE) today announced that its management team will host an Investor Conference at our newest stack manufacturing plant in Fremont, California on May 25, 2022.

The Fayetteville Public Works Commission (PWC) and Bloom Energy (NYSEBE), a leading distributed energy company, today announced plans to install and operate 1.5 megawatts of solid oxide fuel cells. Creating renewable energy from multiple biogas streams in the region, the new project will reduce emissions and advance the Fayetteville community’s efforts to meet North Carolina’s clean energy standards.

Bloom Energy Corporation (NYSEBE) today announced financial results for its first quarter ended March 31, 2022.

The winners of Fast Company’s 2022 World Changing Ideas Awards were announced today, honoring clean technology, innovative corporate initiatives, brave new designs for cities and buildings, and other creative works that are supporting the growth of positive social innovation, tackling social inequality, climate change, and public health crises.

Bloom Energy (NYSEBE) and EQT, the largest producer of natural gas in the U.S., today announced they have closed a certificate trade agreement (CTA) for certified, responsibly sourced natural gas. Bloom Energy has purchased certificates for all of its U.S. fleet’s natural gas consumption for the next two years from EQT. EQT's certified natural gas became available for sale in December 2021. The agreement marks the realization of Bloom’s commitment made in July 2021 to convert its fleet to certified gas.