Manufacturing capacity grows from controlled production to high volume hydrogen electrolyzer manufacturing

Bloom Energy Corporation (NYSE: BE), 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.

In the last decade, the facility has produced over 1 gigawatt (GW) of resilient, sustainable, and cost-effective fuel cell-based Energy Servers. The Bloom Electrolyzer relies on the same, commercially proven solid oxide technology platform used to produce electricity, so streamlining existing manufacturing for higher volume electrolyzer output allows Bloom to best meet the needs of the market.

The technology’s significant capabilities for hydrogen production are being demonstrated in partnerships with Xcel Energy and Idaho National Labs to harness nuclear and steam power, and will be demonstrated with LSB Industries, Inc. to decarbonize industrial and agricultural sectors. Internationally, the technology is in use in South Korea.

“Through the domestic production of technologies like Bloom Energy’s electrolyzer, we are making strides towards American energy independence, as well as a sustainable clean hydrogen market, which is critical for decarbonizing hard-to-abate industries like fertilizer, steel, cement, and aviation,” said Sharelynn Moore, Executive Vice President and Chief Business Development and Marketing Officer, Bloom Energy. “Our employees work every day to overcome one of humanity’s greatest challenges, and today’s inauguration celebrates their strength and ability to transform a successful manufacturing plant into a world class facility committed to a secure, net-zero energy future.”

The Bloom Electrolyzer supports a trajectory for hydrogen to become economically accessible by producing hydrogen up to 45 percent more efficiently than PEM and alkaline electrolyzers when combined with external heat. By operating at high temperatures, Bloom’s electrolyzer consumes 15 percent less electricity than other electrolyzer technologies when electricity is the sole input source. This allows for the Bloom Electrolyzer to be deployed across a broad variety of commercial hydrogen applications, using multiple energy sources, including intermittent renewable energy and excess heat at manufacturing facilities and businesses.

Electrolyzer production demonstrates the growing momentum for American clean energy manufacturing following the passage of the Inflation Reduction Act (IRA) earlier this year, which supports technologies and financial mechanisms that will make the United States’ transition to clean energy a reality.

In addition to its work on the east coast, Bloom Energy marked the expansion of its growing American manufacturing footprint this July, with the grand opening of its new state-of-the-art, 164,000 square foot, multi-gigawatt facility in Fremont, California. This facility represents a $200 million investment and is expected to create more than 400 additional clean energy jobs by year-end, bringing Bloom’s California headcount to nearly 2,000 in addition to its 715 Delaware employees.

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 efficiency of the Bloom Electrolyzer, the timing, quantity and type of applications for deployment of the Bloom Electrolyzer. 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 Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022, filed with the SEC on May 6, 2022 and August 9, 2022, respectively, 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.