- New manufacturing plant to produce gigawatts of clean power and
green hydrogen, bringing hundreds of new full-time careers to Bay
Area
- In addition, Bloom recently showcased a new R&D facility
and is adding a dedicated hydrogen facility to support the energy
transition and emerging hydrogen economy
Bloom Energy (NYSE:BE) today announced the grand opening of its
multi-gigawatt Fremont, California manufacturing plant. The newly
operational, state-of-the-art 164,000 square foot facility,
representing a $200 million investment, follows recent expansion of
the company’s global headquarters in San Jose as well as the
opening of a new research and technical center and a global
hydrogen development facility in Fremont. Bloom’s expanded
footprint, now more than 524,000 square feet, is expected to create
more than 400 clean energy jobs by year-end, bringing Bloom’s
California headcount to nearly 2,000.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220720006042/en/
Elected officials join Bloom Energy CEO
KR Sridhar and Governor Gavin Newsom at the opening of the Bloom
Energy Fremont Manufacturing Plant. (From left to right: Alameda
County Supervisor David Haubert, Fremont Mayor Lily Mei, Governor
Gavin Newsom, Bloom Energy Founder, Chairman, and CEO KR Sridhar,
State Senator Nancy Skinner, and State Senator Bob Wieckowski.)
(Photo: Business Wire)
California Governor Gavin Newsom, State Senator Nancy Skinner,
State Senator Bob Wieckowski, Fremont Mayor Lily Mei, and Alameda
County Supervisor David Haubert were on hand Wednesday to tour the
new Bloom Energy Fremont Manufacturing Plant and see the production
of solid oxide fuel cells first-hand.
“Powering our homes and our communities has never been more
important – especially as the Golden State weathers some of the
most dire impacts of climate change like extreme heat and
wildfire,” said Governor Newsom. “Together with partners like Bloom
Energy, California is powering the future while creating thousands
of new jobs in manufacturing and clean energy. Our state’s reliable
energy future depends on the hard work and innovation of
California-bred companies.”
As the energy industry decarbonizes, Bloom is well-positioned to
meet the moment with an unmatched ability to directly convert a
variety of fuels to clean, resilient electricity and electricity
into storable, clean hydrogen with unmatched efficiencies.
Extreme drought, heatwaves, and wildfires have challenged
California’s ability to provide resilient energy, notably in the
evening hours during the summer. Under extreme conditions,
California officials are planning for potential energy shortfalls
that could add up to many gigawatts. Bloom’s microgrids can provide
space-efficient energy capacity on a 24/7 basis, creating islands
of energy resiliency, adding capacity and resiliency to the grid,
producing virtually no harmful air pollutants for residents, and
protecting against extended grid outages caused by extreme weather,
earthquakes, and potential cyberattacks. When time is of the
essence to ensure continuous power is up and running, the Bloom
microgrid solution was designed with quick “time to power” as an
important value proposition – from installation to providing
always-on power within a matter of weeks.
“Founded over twenty years ago, we are a global pioneer in clean
energy technology,” said KR Sridhar, founder, chairman, and CEO,
Bloom Energy. “Our roots are here, and our home is here. We are
proud to continue innovating in Silicon Valley, fully supporting
California as a beacon for the rest of the world in its energy
transition. It is important to ensure both energy resiliency and
reliability today are accessible while charting a sustainable path
to decarbonization. We need to make the right decisions now that
support the lifeblood of our digital economy.”
A typical nuclear reactor produces one gigawatt of electrical
power and takes, on average, eight to 10 years to build. Bloom’s
new Fremont plant will have an annual output of more than one
gigawatt, the equivalent capacity of adding a nuclear power plant
every year.
“As Bloom’s power is generated on-site where power is consumed,
we do not face the same challenges as traditional power plants,
such as the maintenance of power lines,” added Sridhar. “And,
unlike most nuclear power plants that consume billions of gallons
of water each year, we use little to no water. It’s an incredibly
precious resource that needs to be conserved, especially now.”
Bloom’s technology can play an important role for customers in
California, generating clean, reliable, distributed power. In fact,
in 2020, when California’s utilities were forced to cut power to as
many as two million residents to protect the grid’s stability,
Bloom customers graciously stepped up. With the support of Bloom
customers, we were able to take megawatts of excess power
generation and return it to the grid, keeping the lights on for
vulnerable populations across California, resulting in enough
energy to power 15,000 homes.
“The great people at Bloom Energy are showing us yet again that
the green economy is an economy for all – creating desirable
full–time jobs for Californians of all stripes while leading us
toward a more climate-resilient future,” said State Senator Bob
Wieckowski.
“Thank you to Bloom Energy for building its advanced
manufacturing facility right here in Fremont, creating hundreds of
new jobs and career opportunities that can help support families in
our high-cost region. Creating smart high-paying jobs is exactly
what our state needs right now,” said Fremont Mayor Lily Mei.
“I’m excited that as our economy evolves Alameda County is home
to new green and highly paid manufacturing jobs,” said Alameda
County Supervisor David Haubert.
Job seekers interested in a manufacturing career at Bloom Energy
can apply online here or come to one of the company’s upcoming job
fairs in Fremont July 29-30 or August 12-13 at:
Bloom Energy Fremont Manufacturing Plant
44408 Pacific Commons Boulevard Fremont, California
Forward-Looking Statements
This press release contains certain forward-looking statements
that 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, but are not limited to, Bloom’s expectations
regarding its new manufacturing center, growth in California and
role in its energy market, including plans to create jobs and
attract sufficient labor, its production capabilities, its ability
to sell and install microgrids in California, the capabilities of
those microgrids, the amount of electricity generated and progress
towards any net-zero emissions or decarbonization goals. 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, 2021, filed with the SEC on February 25, 2022,
and its Quarterly Report on Form 10-Q for the quarter ended March
31, 2022, filed with the SEC on May 6, 2022, as well as subsequent
reports filed with or furnished to the SEC from time to time. Bloom
assumes no obligation to, and does not currently intend to, update
any such forward-looking statements.
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 around the
world 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220720006042/en/
Bloom Energy Contacts: Media Jennifer Duffourg
480.341.5464 jennifer.duffourg@bloomenergy.com
Investor Relations Ed Vallejo 267.370.9717
Edward.Vallejo@bloomenergy.com
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