Bloom Energy

Bloom Energy to Receive up to $75 million in Federal Tax Credits for Fremont Manufacturing Plant

Retrieved on: 
Monday, April 8, 2024
Environment, Technology, Environmental Policy, Other Energy, Utilities, Alternative Energy, Green Technology, Energy, Batteries, White, Bloom, Bloom Energy, Heart, Treasury, Internal Revenue Service, Government, Average revenue per user, Federation, Renewable energy

Bloom Energy Inc. (NYSE:BE), 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.

Key Points: 
  • Bloom Energy Inc. (NYSE:BE), 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 was selected for this award for its commitment to expand domestic manufacturing and fuel cell and electrolyzer production capacity at its multi-gigawatt Fremont, California manufacturing plant.
  • At the heart of Bloom Energy’s recently opened Fremont facility is the ability to manufacture high-efficiency fuel cell stacks, which serve as the foundational technology for the company’s Energy Server® platform and Bloom Electrolyzer™.
  • The funding is part of the $4 billion in tax credits recently announced by the White House under the Qualifying Advanced Energy Project Tax Credit to accelerate domestic clean energy manufacturing and reduce greenhouse gas emissions at industrial facilities.

APAC Green Data Center Market Industry Analysis & Forecasts 2023-2028 - Large Colocation and Hyperscale, Data Center Operators, Drive the Market - ResearchAndMarkets.com

Retrieved on: 
Thursday, March 21, 2024
Green Technology, Environment, Data Management, Technology, Sustainability, Cloud, Natron, Bharti Airtel, Infrastructure, Wind, Carbon, Investment, USD, Huawei, Ali Baba, National university, Microsoft, Foxconn, Solar energy, Economic development, Policy, PDG, AWS, Digital Reality, Future, Renewable energy, UPS, VPS, Biomass, Electricity, Shell, IMDA, Digital Realty, Research, Toll Group, Colocation, Bloom Energy, Alibaba Cloud, Primary energy, NextDC, Amazon Web Services, Guideline, Immersion, PUE, Nautilus Data Technologies, Data center, Chemical substance, Keppel, Infocomm Media Development Authority, Traction, Seawater, Government

The "APAC Green Data Center Market - Industry Analysis & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "APAC Green Data Center Market - Industry Analysis & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The APAC green data center market was valued at USD 7.01 billion in 2022 and is expected to grow at a CAGR of 11.20% from 2022-2028.
  • Hyperscale operators in the APAC green data center market, such as Google, Microsoft, Amazon Web Services (AWS), Alibaba, and Huawei Technologies, drive the market with sustainable investments and innovative technologies.
  • How many MW of power capacity is expected to reach the APAC green data center market by 2028?

APAC Green Data Center Market Industry Analysis & Forecasts 2023-2028: Government Initiatives Propel APAC Toward Sustainable Data Center Practices

Retrieved on: 
Thursday, March 21, 2024
Cloud, Natron, Bharti Airtel, Infrastructure, Wind, Carbon, Investment, USD, Huawei, Ali Baba, National university, Microsoft, Foxconn, Solar energy, Economic development, Policy, PDG, AWS, Digital Reality, Future, Renewable energy, UPS, VPS, Biomass, Electricity, Shell, IMDA, Digital Realty, Research, Toll Group, Colocation, Bloom Energy, Alibaba Cloud, Primary energy, NextDC, Amazon Web Services, Guideline, Immersion, PUE, Nautilus Data Technologies, Data center, Chemical substance, Keppel, Infocomm Media Development Authority, Traction, Seawater, Government

DUBLIN, March 21, 2024 /PRNewswire/ -- The "APAC Green Data Center Market - Industry Analysis & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 21, 2024 /PRNewswire/ -- The "APAC Green Data Center Market - Industry Analysis & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The APAC green data center market was valued at USD 7.01 billion in 2022 and is expected to grow at a CAGR of 11.20% from 2022-2028.
  • Hyperscale operators in the APAC green data center market, such as Google, Microsoft, Amazon Web Services (AWS), Alibaba, and Huawei Technologies, drive the market with sustainable investments and innovative technologies.
  • How many MW of power capacity is expected to reach the APAC green data center market by 2028?

Bloom Energy Inc. Signs Agreements with Shell to Investigate Opportunities for Innovative Large-Scale, Renewable Hydrogen Energy Projects

Retrieved on: 
Wednesday, March 6, 2024
Other Energy, Environment, Oil, Gas, Sustainability, Alternative Energy, Green Technology, Energy, Ames Research Center, Carbon footprint, Electrolysis, Temperature, Shell plc, Bloom, Hydrogen, Carbon, Bloom Energy, Shell, SOEC, PEM

(Shell) to study decarbonization solutions, utilizing Bloom’s proprietary hydrogen electrolyzer technology.

Key Points: 
  • (Shell) to study decarbonization solutions, utilizing Bloom’s proprietary hydrogen electrolyzer technology.
  • Bloom and Shell will collaborate with the goal of developing replicable, large-scale, solid oxide electrolyzer (SOEC) systems that would produce hydrogen for potential use at Shell assets.
  • “This technology could represent a potentially transformative moment for opportunities to decarbonize several hard to abate industry sectors,” said KR Sridhar, founder, chairman, and CEO of Bloom Energy.
  • Clean or “green” hydrogen is produced from water electrolysis, using renewable energy, essentially eliminating greenhouse gas emissions.

Bloom Energy Reports Fourth Quarter and Full Year 2023 Financial Results with Record Full Year Revenues

Retrieved on: 
Thursday, February 15, 2024
Alternative Energy, Energy, Other Energy, CFO, Bloom Energy, Bloom, Growth, Video game

Bloom Energy Corporation (NYSE: BE) reported today its financial results for the fourth quarter and the full year ended December 31, 2023.

Key Points: 
  • Bloom Energy Corporation (NYSE: BE) reported today its financial results for the fourth quarter and the full year ended December 31, 2023.
  • Revenue of $356.9 million in the fourth quarter of 2023, a decrease of 22.8% compared to $462.6 million in the fourth quarter of 2022.
  • Product and service revenue of $314.4 million in the fourth quarter of 2023, a decrease of 21.4% compared to $400.2 million in the fourth quarter of 2022.
  • Gross margin of 25.9% in the fourth quarter of 2023, an increase of 10.5 percentage points compared to 15.4% in the fourth quarter of 2022.

Bloom Energy Introduces Load Following Capability to Enable Customers and Utilities to Meet Variable Electricity Load and Demand

Retrieved on: 
Monday, February 12, 2024
Energy, Other Energy, Oil, Gas, EV, Sulfur oxide, AI, Natural gas, Bloom, Hydrogen, Bloom Energy, City, Electricity, Bloom Energy Server, Renewable energy

Intermittent electricity sources are struggling to meet this demand, leaving substantial shortages in power.

Key Points: 
  • Intermittent electricity sources are struggling to meet this demand, leaving substantial shortages in power.
  • To address this growing problem, Bloom Energy (NYSE:BE), a world leader in fuel cell electricity production, today announced a new flexible load following solution for its Energy Server® platform.
  • The new “Be Flexible” offering can operate on either side of the meter, providing both utilities and end customers with an on-demand solution.
  • With this new load following capability Bloom has now extended its value to new applications where the ability to ramp power output up or down quickly is required to address a customer’s variable load and demand throughout the day.

WATT Fuel Cell Appoints Danielle Ramaley as VP, Sales and Marketing to Lead Commercial Operations and Growth Strategy

Retrieved on: 
Tuesday, January 16, 2024
Engineering, Westinghouse Electric Company, WATT, Westinghouse Electric Corporation, Point Park University, Bloom, Marketing, Drexel University, Westinghouse, Engineering management, Bloom Energy, Management

MOUNT PLEASANT, Pa., Jan. 16, 2024 /PRNewswire/ -- WATT Fuel Cell Corp ("WATT") is pleased to announce the appointment of Danielle Ramaley as vice president, sales and marketing.

Key Points: 
  • MOUNT PLEASANT, Pa., Jan. 16, 2024 /PRNewswire/ -- WATT Fuel Cell Corp ("WATT") is pleased to announce the appointment of Danielle Ramaley as vice president, sales and marketing.
  • In her new role, Ramaley will lead commercial operations and marketing for the organization as it grows its Solid Oxide Fuel Cell (SOFC) systems launch.
  • Ramaley joins WATT with more than 15 years of experience in the energy market with prior roles in business development, marketing, sales, and product management.
  • Most recently, she served in senior director roles at Bloom Energy leading growth marketing, strategy, and utility business development.

Shipwell's 2023 Highlights a Year of Strategic Evolution and Double-Digit Growth

Retrieved on: 
Thursday, January 4, 2024
Food, CMO, Swifty, Woman, New Era Cap Company, Bloom Energy, Growth, Niche, Transport, GMQ, Aaron's, Inc.

Through strategic platform enhancements and a relentless customer focus, Shipwell secured 51% year-over-year revenue growth in 2023 — reaffirming its standing as the fastest-scaling transportation management system purpose-built to serve shippers' supply chain needs.

Key Points: 
  • Through strategic platform enhancements and a relentless customer focus, Shipwell secured 51% year-over-year revenue growth in 2023 — reaffirming its standing as the fastest-scaling transportation management system purpose-built to serve shippers' supply chain needs.
  • "I am proud of what our team accomplished in a challenging economic environment," said Greg Price, Shipwell Co-founder and CEO.
  • Other Highlights in 2023 include:
    Elevated from the Niche into the Challenger Quadrant in the prestigious 2023 Gartner Magic Quadrant ("GMQ") for Transportation Management Systems.
  • This vote of confidence from our trusted partners solidifies our financial foundation and propels us toward a future of sustained growth and industry leadership.

Bloom Energy and SK ecoplant Collaborate on a Major Hydrogen Project to be Developed by Korea Southern Power Co., Ltd

Retrieved on: 
Wednesday, December 27, 2023
Sustainability, Alternative Energy, Alternative Vehicles, Fuels, Public Transport, Energy, Technology, Automotive, Environment, Green Technology, Engineering, Transport, Other Technology, Manufacturing, Hydrogen, Partnership, Multimedia, Natural Resources, Sale, Wind, SOEC, Electricity, Bloom Energy, SK Group, Electrolysis, Local government, Annual report, Renewable energy

For this project, SK and Bloom will combine the Bloom Electrolyzer™ with SK’s engineered infrastructure to produce hydrogen ready to be used as transport fuel.

Key Points: 
  • For this project, SK and Bloom will combine the Bloom Electrolyzer™ with SK’s engineered infrastructure to produce hydrogen ready to be used as transport fuel.
  • Launched in 2018, the strategic partnership between Bloom Energy and SK ecoplant has strengthened their respective market leadership positions in power generation and the global hydrogen economy.
  • SK ecoplant will be a preferred distributor globally for Bloom Energy solid oxide fuel cells (SOFC) and SOEC in markets where SK ecoplant has a significant presence and competitive advantage.
  • Bloom Energy and SK ecoplant have deployed 400 MW since the beginning of the partnership.

Bloom Energy and SK ecoplant Announce 500 MW Sales Agreement Strengthening Existing Partnership

Retrieved on: 
Friday, December 22, 2023
Technology, Utilities, Batteries, Alternative Energy, Energy, Artificial Intelligence, Partnership, Multimedia, CFO, SOEC, Bloom Energy, Engineering, SK Group, Bloom, Renewable energy

SK ecoplant has committed to purchase 500 megawatts (MW) of Energy Servers from Bloom Energy through 2027.

Key Points: 
  • SK ecoplant has committed to purchase 500 megawatts (MW) of Energy Servers from Bloom Energy through 2027.
  • View the full release here: https://www.businesswire.com/news/home/20231221999709/en/
    Pictured Above (from right): Junghun (Roy) Kim, Vice President, Eco Solutions Business Unit, SK ecoplant, Kyung-il Park, CEO, SK ecoplant, and Greg Cameron, CFO and President, Bloom Energy.
  • Bloom Energy and SK ecoplant have deployed 400 MW since the beginning of the partnership.
  • The success of our work with SK ecoplant reinforces our commitment to actively lowering emissions worldwide.”
    “We are thrilled to expand our partnership with Bloom Energy, another signal of our enduring focus on an energy transition and facilitating a clean energy economy,” said Kyung-II Park, CEO, SK ecoplant.