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 (NYSE: BE) has announced its inaugural Combined Heat and Power (CHP) project in partnership with SK ecoplant. This 4.2 MW installation marks a significant development in South Korea's energy sector as the first utility-scale solid oxide fuel cell (SOFC) CHP initiative. The project aims to generate 35,000 megawatt hours annually while capturing 4 million megacalories of thermal energy, contributing to reduced CO2 emissions. Construction is set to commence later this year, leveraging innovative Power Tower technology to enhance energy efficiency.
Bloom Energy (NYSE: BE) has partnered with Idaho National Laboratory (INL) to test the production of clean hydrogen using its high-temperature electrolyzer powered by nuclear energy. This collaboration aims to utilize excess electricity from nuclear plants to create hydrogen, supporting the growing hydrogen economy. Researchers at INL will simulate operational conditions to enhance the efficiency of hydrogen generation. Bloom Energy anticipates this initiative will yield the highest efficiency electrolyzer in the market, contributing positively to global decarbonization efforts.
Bloom Energy (NYSE: BE) announced its participation in several upcoming virtual events designed for the financial community. Key conferences include the Credit Suisse Renewables and Utilities Conference on May 13, 2021, and the J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021. Other notable appearances include the Cowen Sustainability & Energy Transition Summit and the BofA Hydrogen Conference on June 23, 2021. Bloom Energy focuses on making clean, reliable energy affordable through its innovative Bloom Energy Server, serving Fortune 100 clients across multiple sectors.
Baker Hughes (NYSE: BKR) and Bloom Energy (NYSE: BE) have announced a collaboration to commercialize low-carbon power-generation and hydrogen solutions. The partnership aims to launch pilot projects over the next 2-3 years, focusing on integrated power and hydrogen solutions. Key objectives include developing efficient energy systems using Bloom's solid oxide fuel cells and Baker's gas turbines, as well as hydrogen production and transport technologies. Leaders from both companies emphasize the collaboration's potential in supporting global decarbonization efforts.
Bloom Energy (NYSE: BE) and Baker Hughes (NYSE: BKR) have announced a collaboration to advance low-carbon power generation and hydrogen solutions. They aim to launch pilot projects within 2-3 years, focusing on integrated power solutions, hydrogen production, and mutual technical collaborations. The partnership will combine Bloom Energy’s solid oxide fuel cell and electrolyzer technologies with Baker Hughes’ turbine and compression technologies, enhancing energy efficiency and promoting the hydrogen economy. This collaboration is positioned as a significant step toward achieving net-zero carbon emissions.
Bloom Energy Corporation (NYSE: BE) reported strong financial results for Q1 2021, with revenue of $194.0 million, a 23.8% increase from Q1 2020. Product revenue surged 38.5% to $137.9 million, driven by a 40.2% rise in acceptances, totaling 359 units. Gross margin improved significantly to 28.2% from 12.7% in the previous year. Operating margin also showed progress at (7.4%), up from (29.6%). The company forecasts 2021 revenue between $950 million and $1 billion, with a non-GAAP gross margin target of ~25%.
Bloom Energy (NYSE: BE) announced the deployment of 100 kilowatts of solid-oxide fuel cells, powered exclusively by hydrogen, in Ulsan, South Korea, generating zero-carbon electricity. This collaboration with SK Engineering & Construction aims to contribute to global decarbonization efforts. The deployment aligns with Bloom's plans to enter the commercial hydrogen market, planned for 2022. The hydrogen fuel cells will utilize byproduct hydrogen from SK Advanced and support the Changwon RE100 initiative. Bloom is also set to supply electrolyzer cells to produce green hydrogen in 2022.
Bloom Energy (NYSE: BE) has appointed new leaders to strengthen its global expansion and has opened a new office in Dubai. The strategic appointments follow Bloom Energy's growth plan unveiled at the 2020 Analyst Day. The new team will focus on expanding markets in Australia, Europe, and Southeast Asia while promoting Bloom’s fuel-flexible and clean energy technologies.
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