Bloom Energy – Growth rate accelerates

Bloom Boxes at the SK Group , © Bloom
Bloom Boxes at the SK Group , © Bloom

What an outstanding view K. R. Sridhar, CEO of Bloom Energy, describes: Bloom is on track to achieve annual growth of up to 35 percent instead of the previous 25 to 30 percent, as the company is optimally positioned – technologically and in terms of business model – in H2 energy markets around the world.

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Interview with Dr. Stephan Reimelt, German branch leader of Bloom Energy

Portrait Dr. Stephan Reimelt, © Bloom
© Bloom

The enormous interest in hydrogen and fuel cell technology has brought a lot of attention to the publicly listed companies in this field. Fuel cell producers like Bloom Energy, however, are finding it difficult to benefit to a comparable extent from the upswing in the H2 sector because their plants are still dependent on fossil gases for the time being. H2-international talked to the head of business development at Bloom Energy Germany, Dr. Stephan Reimelt, about some challenges involved in supplying decentralized energy through fuel cell plants.

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Bloom Energy – billion-dollar deal triggers price explosion

Bloom’s energy supply concept, © Bloom
Bloom’s energy supply concept, © Bloom

Bloom Energy gained its South Korean customer and corporate partner of many years, SK ecoplant, as a shareholder and, thanks to the existing good working relationship, has even bagged a USD 4.5 billion order – for hardware and software and also service revenue – for 500 megawatts for the time being. This order should only be the start though and so ought to have further potential. SK ecoplant, part of the SK Group, is the largest energy corporation in South Korea and is planning to invest multiple billions in fuel cells and hydrogen, said to be about USD 25 billion.

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Fuel cell stocks on the move

chart
© www.wallstreet-online.com

Every day, more and more encouraging stories are popping up on news tickers, saying that companies, cities, towns and entire unions of countries, such as the EU, want to step on the gas in terms of climate action, with hydrogen definitely playing a crucial role in their efforts. While people are still sparring over what production method we should focus on, I am sure green hydrogen will win out in the end. Though we may need some of that blue gas to get to green.

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