Welcome to our dedicated page for Bloom Energy news (Ticker: BE), a resource for investors and traders seeking the latest updates and insights on Bloom Energy stock.
Bloom Energy Corporation (NYSE: BE) is a manufacturing company focused on fuel cell power systems for onsite electricity generation. Its news flow reflects both its role in the energy transition and its position in supporting digital and AI infrastructure. The company describes its fuel cell systems as providing ultra-resilient, highly scalable onsite electricity generation for Fortune 500 customers, including data centers, semiconductor manufacturing, large utilities and other commercial and industrial sectors.
Visitors to this Bloom Energy news page can review company announcements about quarterly financial results, strategic partnerships, capital markets activities and corporate governance developments. Recent releases include detailed reports on second and third quarter financial performance, where Bloom Energy breaks out revenue from product, installation, service and electricity, and discusses both GAAP and non‑GAAP metrics such as gross margin, operating income and EBITDA.
Bloom Energy also issues news on major strategic relationships. Examples include a $5 billion strategic partnership with Brookfield focused on AI infrastructure and AI factories, and a collaboration with Oracle to deploy fuel cell technology at Oracle Cloud Infrastructure data centers. These announcements highlight how Bloom Energy’s systems are being used to power AI data centers and other critical digital infrastructure.
In addition, the company publishes updates on financing transactions such as convertible senior notes offerings and related exchange transactions, as well as corporate developments like board appointments and leadership changes in business and corporate development. By following this news feed, investors and observers can track how Bloom Energy communicates its operational progress, partnerships, financing decisions and role in onsite, low‑carbon power for large enterprises.
Bloom Energy Corporation (NYSE: BE) reported a robust fourth quarter for 2021, achieving $342.5 million in revenue, a 37.3% increase from 2020. The company recorded 735 system acceptances, marking a 63.3% year-over-year rise. For the full year, revenue reached $972.2 million, up 22.4% from 2020, with a total of 1,879 system acceptances. However, GAAP gross margin decreased to 20.3% from 20.9%. Bloom raised its long-term revenue growth outlook to 30-35% over the next decade, projecting $1.1 - $1.15 billion in 2022 revenue.
Bloom Energy (NYSE: BE) is set to release its Q4 2021 and fiscal year 2021 financial results on February 10, 2022, after market close. This announcement will be followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET, where management will discuss the financial outcomes and the company's long-term outlook. Investors can access a replay of the call for one week after the event, and an extended version will be available on the company’s website for one year.
Bloom Energy Corporation (NYSE:BE) has appointed Rick Beuttel as vice president of hydrogen business to lead its commercial hydrogen strategy. Beuttel, with over 30 years of experience in energy and industrial sectors, will enhance collaborations to propel the global hydrogen economy. His former role at Air Products involved managing $8 billion in capital, focusing on hydrogen projects. This strategic appointment follows Bloom's initiatives to accelerate low-cost green hydrogen production and integration into natural gas networks, reinforcing its position in the energy sector.
Bloom Energy partners with India's Ministry of Power and NTPC Limited for the first green hydrogen energy storage project, aiming for carbon neutrality by 2070.
The project will utilize Bloom’s electrolyzer and hydrogen fuel cells to generate and store green hydrogen from a floating solar farm in Visakhapatnam. Expected to commence in 2022, this endeavor supports India's commitment to renewable energy and grid stabilization.
Bloom’s technology promises efficient hydrogen production, while facilitating a transition to a hydrogen-powered economy.
Bloom Energy Corporation (NYSE: BE) and partners have announced the MSC World Europa, the first cruise ship powered by solid oxide fuel cell (SOFC) technology, promoting maritime decarbonization. The vessel will use 150 kilowatts of Bloom fuel cells, operating on liquefied natural gas (LNG) to significantly reduce emissions—up to 60% less carbon compared to traditional sources. The project aligns with MSC Group's goal for net-zero emissions by 2050, showcasing potential advancements in cleaner maritime energy solutions.
Southern California Gas Co. (SoCalGas) and Bloom Energy (NYSE: BE) announced a project to pioneer hydrogen economy technologies aimed at supporting California's carbon neutrality goals. Set to launch in 2022 at Caltech, the project will use Bloom's electrolyzer to blend 10% hydrogen into the natural gas network, supplying electricity to the university. The collaboration emphasizes innovative decarbonization methods and could lead to more resilient energy systems. Bloom’s high-temperature electrolyzer enhances hydrogen production efficiency, reducing costs and accelerating market adoption.
Bloom Energy (NYSE:BE) and Southern California Gas Co. (OTC-PINK:SOCGP) are collaborating on a hydrogen project aimed at demonstrating the integration of hydrogen into California's natural gas infrastructure. This initiative, launching at Caltech in Pasadena, will generate hydrogen using Bloom's high-temperature electrolyzer, blending it into the existing natural gas network. The project seeks to aid California in achieving carbon neutrality, showcasing hydrogen's potential for energy resilience and cost-effective storage. The companies emphasize the economic advantages of using less electricity for hydrogen production.
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Bloom Energy (NYSE: BE) announces a partnership with Conrad Energy and Electricity North West to develop behind-the-meter projects in the UK. This collaboration aims to introduce Bloom's solid oxide power generation technology to the UK market, with orders expected to start in December 2021. The initiative supports the UK's net-zero carbon goals by 2050 and offers cost predictable energy solutions via Power Purchase Agreements. The partnership emphasizes hydrogen production as a key to decarbonizing heavy industries, enhancing the UK's energy infrastructure.
Heliogen and Bloom Energy Corporation (NYSE: BE) successfully demonstrated a combined technology for producing green hydrogen in