New project with the Indian Ministry of Power
will showcase Bloom’s hydrogen and power production
technologies
Bloom Energy today announced that NTPC Limited, India’s largest
energy conglomerate under the jurisdiction of the Ministry of
Power, has selected Bloom’s electrolyzer and hydrogen-powered fuel
cell technologies for the country’s first green hydrogen-based
energy storage deployment. As part of India’s pledge to reach
carbon neutrality by 2070, the project is designed to explore
large-scale, off-grid hydrogen energy storage and microgrid
projects at strategic locations throughout the country.
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The new green hydrogen microgrid will
utilize Bloom Energy’s solid oxide, high temperature electrolyzer
to generate hydrogen from green electricity generated by a nearby
floating solar farm. The green hydrogen will then be converted into
carbon neutral electricity without combustion through Bloom’s
hydrogen fuel cells to power NTPC’s Guest House. The project is
expected to commence in 2022 in Simhadri, Visakhapatnam, India.
(Graphic: Business Wire)
Bloom Energy (India) Private Limited, a wholly owned subsidiary
of Bloom Energy, was selected for its holistic, comprehensive and
efficient technology ecosystem spanning green hydrogen production
and carbon-free power. The initial collaboration between NTPC and
Bloom Energy India is expected to serve as a foundation for
expanded future cooperation.
The collaboration will utilize Bloom Energy’s solid oxide, high
temperature electrolyzer to generate green hydrogen from renewable
electricity produced by a nearby floating solar farm. The hydrogen
will then be converted into carbon neutral electricity without
combustion through Bloom Energy’s hydrogen fuel cells to power
NTPC’s Guest House, a local accommodation intended for use by NTPC
employees and guests. The project is expected to commence in 2022
in Simhadri, Visakhapatnam, India.
The solar farm coupled with Bloom Energy’s electrolyzer and
hydrogen fuel cells is intended to operate around the clock. At
scale, the combination could enable long duration clean energy
storage and resilient power for businesses, residential
neighborhoods, dense urban areas, and remote and island
communities.
India is pursuing aggressive plans to move towards renewable
energy and storage capacity while ensuring grid stabilization for
its citizens. Hydrogen is a natural complement to renewable sources
of energy, leveraging excess peak power created during the day for
conversion into hydrogen to provide pollution-free, reliable power
that provides long-duration storage.
“Reducing carbon emissions is the number one priority in the
fight against climate change, and green hydrogen will be critical
to India’s decarbonization objectives,” said Venkat Venkataraman,
executive vice president and chief technology officer, Bloom
Energy. “Bloom’s technology is well-positioned to help India
transition to a net-zero, hydrogen-powered economy, and we are
excited to collaborate with NTPC to bring the country’s first green
hydrogen microgrid to life. The powerful combination of Bloom’s
high-efficiency electrolyzers and fuel cells enables the highest
possible round trip efficiency with green hydrogen for energy
storage.”
Bloom Energy’s high-temperature electrolyzer produces hydrogen
more efficiently than low-temperature PEM and alkaline
electrolyzers. Because it operates at high temperatures, the Bloom
Electrolyzer requires less energy to break up water molecules and
produce hydrogen. Electricity accounts for nearly 80 percent of the
cost of hydrogen from electrolysis. By using less electricity,
hydrogen production becomes more economical and will accelerate
adoption.
Bloom Energy Servers – solid oxide fuel cells that combine
ambient air with a fuel source, such as natural gas, biogas,
hydrogen, or a blend of fuels – produce electricity through a
non-combustion electrochemical reaction, resulting in reduced
carbon emissions, harmful air pollutants, and water use compared to
grid alternatives. When hydrogen is used as a fuel source, Bloom
Energy Servers emit zero carbon.
Bloom Energy is engaged with industry leaders to accelerate the
global hydrogen economy, including projects related to producing
low-cost, green hydrogen and utilizing nuclear energy to create
clean hydrogen. To see how Bloom Energy is powering the future,
visit: bloomenergy.com/technology/powering-the-future/
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy
affordable for everyone in the world. Bloom’s product, the Bloom
Energy Server, delivers highly reliable and resilient, always-on
electric power that is clean, cost-effective, and ideal for
microgrid applications. Bloom’s customers include many Fortune 100
companies and leaders in manufacturing, data centers, healthcare,
retail, higher education, utilities, and other industries. For more
information, visit www.bloomenergy.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws that involve risks and
uncertainties. Words such as “anticipates,” “could,” “expects,”
“intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,”
“can,” “may,” “will,” “would” and similar expressions identify such
forward-looking statements. These statements include, but are not
limited to, timing of the initial deployment of Bloom’s
electrolyzer and hydrogen-powered fuel cell technologies for NTPC
in India; expectations of the parties entering into an agreement
for future cooperation between NTPC and Bloom Energy; expectations
regarding hydrogen technology; expectations regarding Bloom’s
high-efficiency electrolyzers; and expectations regarding the
acceleration of the global hydrogen economy. These statements
should not be taken as guarantees of results and should not be
considered an indication of future activity or future performance.
Actual events or results may differ materially from those described
in this press release due to a number of risks and uncertainties,
including timing of market adoption of Bloom Energy Servers and
electrolyzers in India, successful trials of Bloom Energy
technology, adoption of a definitive agreement between the parties;
and those included in the risk factors section of Bloom Energy’s
Quarterly Report on Form 10-Q for the quarter ended September 30,
2021 and other risks detailed in Bloom Energy’s SEC filings from
time to time. Bloom Energy undertakes no obligation to revise or
publicly update any forward-looking statements unless if and as
required by law.
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MEDIA CONTACTS: Bloom Energy Jennifer Duffourg (480)
341-5464 jennifer.duffourg@bloomenergy.com
INVESTOR RELATIONS: Bloom Energy Edward Vallejo (267)
370-9717 edward.vallejo@bloomenergy.com
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