energy
Bloom Energy Unveils Electrolyzer to
Supercharge the Path to Low-Cost, Net-Zero Hydrogen
July 14,
2021
Expected to produce the lowest cost clean
hydrogen through electrolysis
Utilizes solid oxide technology and delivers superior efficiency
advantage operating at high temperatures
Unlocks a net-zero emissions future for hard-to-decarbonize
heavy industries
Accepting orders with commercial shipment expected fall 2022
SAN JOSE, Calif., July 14, 2021 – Bloom Energy (NYSE: BE) today
unveiled the Bloom Electrolyzer; the most energy-efficient
electrolyzer to produce clean hydrogen to date and 15 to 45 percent
more efficient than any other product on the market today.
The Bloom Electrolyzer relies on the same, commercially proven and
proprietary solid oxide technology platform used by Bloom Energy
Servers to provide on-site electricity at high fuel efficiency. Highly
flexible, it offers unique advantages for deployment across a broad
variety of hydrogen applications, using multiple energy sources
including intermittent renewable energy and excess heat.
Superior Value at High Temperatures
Low-cost electrolysis has been difficult to achieve due to electricity
costs, which can account for nearly 80 percent of the cost of hydrogen
production through electrolysis. An opportunity has emerged, as
renewable energy costs have declined precipitously over the last
decade. Any reduction in electricity requirements makes hydrogen
production more economical and scalable.
Because it operates at high temperatures, the Bloom Electrolyzer
requires less energy to break up water molecules and produce hydrogen.
As a result, Bloom Energy’s electrolyzer consumes 15 percent less
electricity than other electrolyzer technologies to make hydrogen when
electricity is the sole input source.
Unlike low-temperature PEM and alkaline electrolyzers that
predominantly require electricity to make hydrogen, the Bloom
Electrolyzer can leverage both electricity and heat to produce
hydrogen. Bloom Energy’s high-temperature electrolyzer technology has
the potential to use up to 45 percent less electricity when integrated
with external heat sources than low-temperature PEM and alkaline
electrolyzers.
“The launch of the Bloom Electrolyzer is a big leap forward in our
mission to enable and empower the global hydrogen economy and a
decarbonized society,” said KR Sridhar, founder, chairman, and CEO,
Bloom Energy. “Hydrogen enables us to leverage abundant and
inexpensive renewable energy to provide zero-carbon power,
reliably—instead of intermittently. Given its efficiency and input
options to make hydrogen, Bloom Energy’s electrolyzer is expected to
produce hydrogen at a lower price than any alternative on the market
today.”
Decarbonizing Heavy Industries
High-temperature electrolysis unlocks substantial value with
heat-intensive processing applications in hard-to-decarbonize heavy
industries, like steel, chemical, cement, and glass manufacturing. By
utilizing excess heat from these processes, hydrogen can be produced
at a higher electrical efficiency. Further, the hydrogen required to
power high-temperature furnaces at these factories can be produced
on-site using Bloom Energy electrolyzers, eliminating transportation
and distribution costs.
Optimizing Intermittent Renewables
When the Bloom Electrolyzer is paired with intermittent renewable
resources, such as wind and solar, the resulting green hydrogen
provides an important storage mechanism. Hydrogen can be stored for
long periods of time and transported over long distances.
Alternatively, Bloom Energy’s fuel cells can convert this hydrogen to
electricity, thereby providing continuous, reliable power.
Gigawatt Production and Scale
Bloom Energy began manufacturing in the U.S. in 2001 and now supports
more than 1,500 American clean energy jobs. Bloom Energy’s Sunnyvale,
California and Newark, Delaware manufacturing facilities are capable
of producing 500 megawatts of electrolyzers today and a gigawatt
within a year.
Since the Bloom Electrolyzer utilizes the same solid oxide platform as
the company’s core fuel cell product, utilizing many of the same
components, Bloom Energy can scale and leverage supply chain
synergies.
Enabling and Empowering the Global Hydrogen Economy
Bloom Energy’s technology dates to the 1980s, when the co-founders
first developed electrolyzers to support the military and later NASA’s
Mars exploration programs. In the early 2000s, 19 patents were awarded
to Bloom Energy for its electrolyzer technology. With reduced
renewable energy costs and the global movement to decarbonize, Bloom
Energy believes this is the right moment to commercialize its hydrogen
technology. Collaborating with industry-leading organizations, Bloom
Energy celebrated several milestones over the past year:
First announced electrolyzer pilot: In November 2020, Bloom Energy
announced it will supply its electrolyzers to an industrial complex in
Changwon, Korea in collaboration with its Korean partner, SK EcoPlant.
Supporting the Changwon RE100 initiative to create renewable
ecosystems, the new project paves the way for South Korea to reach
carbon neutrality by 2050. The units will ship to Changwon in
mid-2022.
Harnessing excess nuclear energy: In May 2021, Bloom Energy announced
its collaboration with the U.S. Department of Energy’s Idaho National
Laboratory (INL) to test the use of nuclear energy to create clean
hydrogen through the Bloom Electrolyzer. Rather than ramping down
power generation when an electric grid has surplus energy, the Bloom
Electrolyzer can use the excess electricity and steam generated by
nuclear plants to produce low-cost, zero-carbon hydrogen, providing
clean energy for use when it’s needed while simultaneously offering
nuclear power plants a source of revenue for their excess power. The
units are undergoing testing in Bloom Energy’s laboratories and are
expected to ship to INL in Q3.
Integrating hydrogen solutions: In May 2021, Bloom Energy announced a
collaboration with energy technology company Baker Hughes to explore
commercialization and deployment collaborations in many areas,
including integrated hydrogen solutions, to advance the energy
transition. The companies will look to pair the Bloom Electrolyzer
with Baker Hughes’ compression technology for efficient production,
compression, transport, and storage of hydrogen. They will also assess
excess heat utilization for steam generation to further increase
efficiency and cost effectiveness of hydrogen production and target
applications like blending hydrogen into natural gas networks
alongside on-site hydrogen production for industrial use.
Orders are being accepted for the Bloom Electrolyzer, with commercial
shipments expected to begin in fall 2022. For more information about
the Bloom Electrolyzer and the company’s commitment to a zero-carbon
future, visit:
www.bloomenergy.com/bloomelectrolyzer
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About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable
for everyone in the world. Bloom Energy’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 Energy’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, expectations regarding the energy efficiency of the Bloom
Electrolyzer and the cost at which it will produce hydrogen;
expectations related to potential applications of the Bloom
Electrolyzer, integrated hydrogen solutions and other technical
solutions; expectations regarding the timing of commercial shipments
of the Bloom Electrolyzer; and Bloom’s ability to successfully
commercialize and scale any potential applications. 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 those included in the risk factors section of Bloom Energy’s
Quarterly Report on Form 10-Q for the quarter ended March 31, 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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