Bloom Energy

Bloom Energy Corporation Prices Upsized $550.0 Million Green Convertible Senior Notes Offering

Retrieved on: 
Friday, May 12, 2023
Public Relations, Investor Relations, Energy, Communications, Other Energy, Utilities, Exercise, Senior, Marketing, SEC Rule 144A, Disclosure, Research, Person, Sale, Public expenditure, Bloom, Observation, Bloom Energy, NYSE, Security (finance), Cryptocurrency

Bloom Energy Corporation (NYSE: BE) 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”).

Key Points: 
  • Bloom Energy Corporation (NYSE: BE) 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.
  • 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 intends to use approximately $47.4 million of the net proceeds from the offering of the notes to fund the cost of entering into the capped call transactions described below.

Bloom Energy Corporation Announces Proposed Convertible Senior Notes Offering

Retrieved on: 
Thursday, May 11, 2023
Climate Change, Manufacturing, Other Energy, Utilities, Other Manufacturing, Green Technology, Alternative Energy, Environment, Energy, Engineering, Sustainability, Exercise, Senior, Marketing, SEC Rule 144A, Disclosure, Research, Person, Sale, Public expenditure, Bloom, Observation, Bloom Energy, NYSE, Security (finance), Cryptocurrency

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.

Key Points: 
  • 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.
  • The notes will be senior, unsecured obligations of Bloom Energy, will accrue interest payable semi-annually in arrears and will mature on June 1, 2028, unless earlier repurchased, redeemed or converted.
  • Bloom Energy intends to use a portion of the net proceeds from the offering of the notes to fund the cost of entering into the capped call transactions described below.
  • If the initial purchasers exercise their option to purchase additional notes, Bloom Energy expects to enter into additional capped call transactions with the option counterparties.

Bloom Energy Demonstrates Hydrogen Production with the World’s Largest and Most Efficient Solid Oxide Electrolyzer

Retrieved on: 
Wednesday, May 3, 2023
Environment, Utilities, Alternative Energy, Green Technology, Energy, Nuclear, Hydrogen, Oxygen, Ames Research Center, University, Electricity, Temperature, PEM, Steam, Hospital, NASA, Natural gas, Moffett Federal Airfield, Bloom, Bloom Energy, NYSE, INL, Electric battery, Renewable energy, Mars

Bloom Energy (NYSE:BE) has begun generating hydrogen from the world’s largest solid oxide electrolyzer installation at NASA’s Ames Research Center, the historic Moffett Field research facility in Mountain View, Calif.

Key Points: 
  • Bloom Energy (NYSE:BE) has begun generating hydrogen from the world’s largest solid oxide electrolyzer installation at NASA’s Ames Research Center, the historic Moffett Field research facility in Mountain View, Calif.
  • This electrolyzer demonstration showcases the maturity, efficiency and commercial readiness of Bloom’s solid oxide technology for large-scale, clean hydrogen production.
  • “This demonstration is a major milestone for reaching net-zero goals,” said KR Sridhar, Ph.D., Founder, Chairman and CEO of Bloom Energy.
  • For more information and to schedule your visit to the 4 MW Bloom Electrolyzer,™ the world’s largest and most efficient solid oxide electrolyzer, go to: www.bloomenergy.com/bloomelectrolyzer/ .

Fuel Flexibility of Solid Oxide Fuel Cells Paves Path to Hydrogen Economy, Finds IDTechEx

Retrieved on: 
Wednesday, May 3, 2023
Methane, Sulfur, SOFC, Hydrogen, PEMFC, Methanol, GHG, Carbon, Ammonia, CO, US, Natural gas, CH4, Bloom Energy, Greenhouse, CO2, Fine chemical, LNG

The fuel flexibility of solid oxide fuel cells (SOFC) offers a competitive advantage over the currently dominant proton exchange membrane fuel cell (PEMFC), which is limited to operating on hydrogen.

Key Points: 
  • The fuel flexibility of solid oxide fuel cells (SOFC) offers a competitive advantage over the currently dominant proton exchange membrane fuel cell (PEMFC), which is limited to operating on hydrogen.
  • The new IDTechEx report, ' Solid Oxide Fuel Cells 2023-2033: Technology, Applications and Market Forecasts ', provides a comprehensive overview of the solid oxide fuel cell market, including an assessment of the key technology trends, major players and also includes granular 10-year market forecasts for solid oxide fuel cell demand (MW) and market value (US$), segmented by application areas.
  • An assessment by IDTechEx of almost 30 SOFCs from a range of suppliers that are commercially available (or near launch) showcases the fuel flexibility of the solid oxide fuel cell.
  • For more details on the SOFC technology, market trends, and key and emerging players, please see the IDTechEx market report ' Solid Oxide Fuel Cells 2023-2033: Technology, Applications and Market Forecasts '.

Fuel Flexibility of Solid Oxide Fuel Cells Paves Path to Hydrogen Economy, Finds IDTechEx

Retrieved on: 
Wednesday, May 3, 2023
Methane, Sulfur, SOFC, Hydrogen, PEMFC, Methanol, GHG, Carbon, Ammonia, CO, US, Natural gas, CH4, Bloom Energy, Greenhouse, CO2, Fine chemical, LNG

The fuel flexibility of solid oxide fuel cells (SOFC) offers a competitive advantage over the currently dominant proton exchange membrane fuel cell (PEMFC), which is limited to operating on hydrogen.

Key Points: 
  • The fuel flexibility of solid oxide fuel cells (SOFC) offers a competitive advantage over the currently dominant proton exchange membrane fuel cell (PEMFC), which is limited to operating on hydrogen.
  • The new IDTechEx report, ' Solid Oxide Fuel Cells 2023-2033: Technology, Applications and Market Forecasts ', provides a comprehensive overview of the solid oxide fuel cell market, including an assessment of the key technology trends, major players and also includes granular 10-year market forecasts for solid oxide fuel cell demand (MW) and market value (US$), segmented by application areas.
  • An assessment by IDTechEx of almost 30 SOFCs from a range of suppliers that are commercially available (or near launch) showcases the fuel flexibility of the solid oxide fuel cell.
  • For more details on the SOFC technology, market trends, and key and emerging players, please see the IDTechEx market report ' Solid Oxide Fuel Cells 2023-2033: Technology, Applications and Market Forecasts '.

Bloom Energy Enters Northern European Markets with New Sales Agreement

Retrieved on: 
Thursday, April 27, 2023
Environment, Technology, Climate Change, Other Energy, Utilities, Other Technology, Sustainability, Alternative Energy, Green Technology, Energy, Partnership, Senior, Baltic, Cogeneration, International business development, Ferrari, Electricity, EPC, CHP, Micro combined heat and power, Engineering, Télam, Bloom Energy, NYSE, Renewable energy, Baltic states, Benelux

Bloom Energy (NYSE:BE) 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.

Key Points: 
  • Bloom Energy (NYSE:BE) 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.
  • Elugie and Bloom are in discussions about deploying additional Bloom energy platforms to sites in the Netherlands and the Baltic nations, comprised of Latvia, Lithuania and Estonia.
  • Elugie is also in discussions with Bloom about the opportunity to deploy the hydrogen-producing Bloom Electrolyzer™.
  • “This is a big win in support of our focus to build international business sales,” said Tim Schweikert, Senior Managing Director of International Business Development, Bloom Energy.

Ultra Safe Nuclear Corporation, Hyundai Engineering, & SK ecoplant Sign MOU for Clean Hydrogen Production

Retrieved on: 
Friday, April 21, 2023
Chemicals, Plastics, Alternative Energy, Energy, Green Technology, Manufacturing, Technology, Nuclear, Environment, Mining, Minerals, Natural Resources, Other Technology, Steel, Other Energy, Utilities, Engineering, Hydrogen, MMR, Electrolysis, Balance, HTGR, Methanol, Balance of plant, Bloom Energy Server, Electricity, EPC, Multimedia, Recycling, Carbon, SOEC, Ammonia, MOU, Water, Bloom, Bloom Energy, Hyundai Engineering & Construction, BOP, Lithium, Coal, Renewable energy

This is a carbon-free hydrogen production method that extracts hydrogen by decomposing water with electricity generated from nuclear power.

Key Points: 
  • This is a carbon-free hydrogen production method that extracts hydrogen by decomposing water with electricity generated from nuclear power.
  • Through this, they plan to examine the establishment of a competitive hydrogen production system, and promote continuous research and development and verification for future hydrogen production and supply businesses.
  • SK E&C will establish a nuclear power-based hydrogen production system using Bloom Energy's SOEC and supply hydrogen production equipment.
  • It is also participating in a government-led green hydrogen production demonstration project, having been recognized for its unique technological capabilities in efficient hydrogen production.

Bloom Energy’s 2022 Sustainability Report Shows Significant Emissions Savings

Retrieved on: 
Thursday, April 20, 2023
Other Energy, Sustainability, Environment, Alternative Energy, Environmental, Social and Governance (ESG), Energy, Professional Services, Green Technology, Growth, Bloom Energy, Annual report, Air pollution, NYSE, Carbon, Hydrogen, Water, Sustainability reporting, Renewable energy

Bloom Energy (NYSE:BE) 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 .

Key Points: 
  • Bloom Energy (NYSE:BE) 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 .
  • “The environmental impact from our core business continues to be strong, which is clearly seen in the ongoing avoided carbon emissions, air pollution and water usage from our projects,” said Stephen Lamm, head of sustainability at Bloom Energy.
  • “The near-term climate benefits from Bloom’s core business, the solid oxide Bloom Energy Server® and the hydrogen-producing Bloom Electrolyzer™, are critically important,” Lamm added.
  • Bloom has also established an environmental justice framework that can help guide its community engagement and commercial transition moving forward.

Fuel Cell Market to be Worth $26.1 Billion by 2030 at CAGR of 19.9%: Grand View Research, Inc.

Retrieved on: 
Wednesday, April 5, 2023
Hydrogen, SOFC, PEFC, PEMFC, Plug Power, Transport, Carbon, USD, Watt, Coal, Ballard Power Systems, Volume, Investment, Hydrogenics, MCFC, SAN, Natural gas, Growth, Federation, Bloom Energy, Research, Renewable energy, Capacity

Key Industry Insights & Findings from the report:

Key Points: 
  • Key Industry Insights & Findings from the report:
    The fuel cell market is highly consolidated with major companies accounting for over 80% of industry demand.
  • North America is expected to emerge as a largest market in terms of fuel cell installation due to regulatory scenario, technological advancements, and investments by federal government.
  • Rising demand for combined heat and power systems in is projected to drive the demand for fuel cell in the region.
  • Grand View Research has segmented the global fuel cell market on the basis of product, application, and region
    Fuel Cell Market - Product Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2018 - 2030)

Fuel Cell Market to be Worth $26.1 Billion by 2030 at CAGR of 19.9%: Grand View Research, Inc.

Retrieved on: 
Wednesday, April 5, 2023
Hydrogen, SOFC, PEFC, PEMFC, Plug Power, Transport, Carbon, USD, Watt, Coal, Ballard Power Systems, Volume, Investment, Hydrogenics, MCFC, SAN, Natural gas, Growth, Federation, Bloom Energy, Research, Renewable energy, Capacity

Key Industry Insights & Findings from the report:

Key Points: 
  • Key Industry Insights & Findings from the report:
    The fuel cell market is highly consolidated with major companies accounting for over 80% of industry demand.
  • North America is expected to emerge as a largest market in terms of fuel cell installation due to regulatory scenario, technological advancements, and investments by federal government.
  • Rising demand for combined heat and power systems in is projected to drive the demand for fuel cell in the region.
  • Grand View Research has segmented the global fuel cell market on the basis of product, application, and region
    Fuel Cell Market - Product Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2018 - 2030)