Bloom Comments on Korea Fuel Cell Auction Results and Expected 2024 and 2025 Korea Volumes
20 Setembro 2024 - 4:03PM
Business Wire
Bloom Energy Corporation (NYSE: BE)
In response to market commentary regarding the results of the
recent Korea Hydrogen Portfolio Standard auction, Bloom expects
shipment volumes to Korea to be similar in 2024 and the coming
years to what they have been in recent years. As disclosed
previously, we continue to expect our partner SK ecoplant Co., Ltd.
to purchase 500MW of Bloom solid oxide fuel cells between January
1, 2024 and December 31, 2027.
Bloom is the proven leader in solid oxide fuel cell technology,
having demonstrated 60% electrical efficiency using hydrogen, and
90% combined heat and power efficiency.
Bloom remains fully confident in our partners in Korea, and in
the ability for Bloom fuel cells to be transformative to the Korean
energy market. The public auction is just one mechanism for the
sale of our energy servers into the Korean market. Our partners
have other development projects in addition to those emanating from
the auction.
“Korea is an important market for Bloom Energy,” said Aman
Joshi, Bloom’s Chief Commercial Officer. “We fully anticipate that
our partner SK will continue to perform well, supported by the
superior solution that Bloom’s solid oxide fuel cells provide.”
Bloom’s superior technology ensures that we are now and will
remain the leader in overall efficiency and total cost of ownership
for fuel cell-based energy generation. We continue to be fully
committed to the Korean market through our manufacturing joint
venture and an expanding local supplier network. We are excited
about our opportunities in the future alongside our partner SK.
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 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 .
Forward Looking Statements
This press release contains certain forward-looking statements,
which 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 expectations regarding shipment volumes to the
Korean market and expected future purchases and performance by SK
ecoplant. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from
actual future events or results due to a variety of factors
including, but not limited to, risks and uncertainties detailed in
Bloom’s SEC filings. 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, 2023, and its
Quarterly Report on Form 10-Q for the quarters ended March 31, 2024
and June 30, 2024, filed with the SEC on February 15, 2024, May 9,
2024, and August 8, 2024, respectively, as well as subsequent
reports filed with or furnished to the SEC. Bloom assumes no
obligation to, and does not intend to, update any such
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240920642575/en/
Investor Relations: Michael Tierney Bloom Energy
investor@bloomenergy.com
Media: Bloom Energy press@bloomenergy.com
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