{"id":515736,"date":"2021-07-21T09:06:02","date_gmt":"2021-07-21T13:06:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bloom-energy-to-power-koreas-first-utility-scale-combined-heat-and-power-project-with-solid-oxide-fuel-cells\/"},"modified":"2021-07-21T09:06:02","modified_gmt":"2021-07-21T13:06:02","slug":"bloom-energy-to-power-koreas-first-utility-scale-combined-heat-and-power-project-with-solid-oxide-fuel-cells","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bloom-energy-to-power-koreas-first-utility-scale-combined-heat-and-power-project-with-solid-oxide-fuel-cells\/","title":{"rendered":"Bloom Energy to Power Korea\u2019s First Utility-Scale Combined Heat and Power Project with Solid Oxide Fuel Cells"},"content":{"rendered":"

<\/p>\n

Bloom Energy to Power Korea\u2019s First Utility-Scale Combined Heat and Power Project with Solid Oxide Fuel Cells<\/b><\/p>\n

New initiative with SK ecoplant in South Korea marks Bloom\u2019s first foray into CHP, with recovered heat benefiting a local community center<\/i><\/p>\n

SAN JOSE, Calif.–(BUSINESS WIRE<\/a>)–
\nBloom Energy (NYSE: BE) today announced its first Combined Heat and Power (CHP) project in collaboration with SK ecoplant (formerly known as SK Engineering and Construction). The new 4.2-megawatt (MW) installation marks South Korea\u2019s first-ever utility-scale solid oxide fuel cell (SOFC) CHP initiative.\n<\/p>\n

\nCHP technology simultaneously utilizes both the electricity it generates and the excess thermal energy it emits to recover and reuse the heat that would have otherwise been lost during the power generation process. Coupled with a heat recovery system designed by SK ecoplant, the captured thermal energy will provide heat and warm water to the communities nearby Bukpyung Recreational and Sports Center, improving the building\u2019s energy efficiency. The project is also intended to reduce CO2 emissions compared to relying on the local grid alternative.\n<\/p>\n

\nWith construction expected to begin later this year, the new 4.2 MW utility-scale CHP installation will leverage Bloom\u2019s SOFC technology configured in an innovative Power Tower format. Designed for maximum power density in a condensed footprint, the Power Tower will vertically stack 1.8 MW of Bloom Energy Servers in a pillar architecture.\n<\/p>\n

\nTo be located in Donghae City, the power generated by Bloom Energy will produce 35,000-megawatt hours per year of highly efficient, clean and resilient electricity, while capturing 4 million megacalories of thermal energy through the Power Tower and SK ecoplant\u2019s heat recovery system.\n<\/p>\n

\n\u201cWe are thrilled to partner with SK ecoplant to bring this innovative and exciting project to life, marking a new milestone for Bloom Energy,\u201d said Venkat Venkataraman, executive vice president and chief technology officer, Bloom Energy. \u201cNot only can we efficiently generate clean and reliable energy for an important utility, Korea East-West Power, but also we are eager and humbled to supply heat to the local community center so that residents can enjoy activities during harsh winter months.\u201d\n<\/p>\n

\nBloom Energy\u2019s highly efficient solid oxide technology uses a non-combustion, electrochemical process to produce electricity with reduced carbon emissions compared to the grid alternative and with virtually no harmful smog-forming particulate matter.\n<\/p>\n

\n“This project marks significant \u2018firsts\u2019 for us all \u2013 for SK, for Bloom and for South Korea,\u201d said Justin Wangjae Lee, executive vice president and head of the hydrogen biz center, SK ecoplant. \u201cWe look forward to working with Bloom to continue to advance thermally-supplied SOFC solutions. In addition to our existing eco-friendly distributed power generation, we\u2019re excited to explore entry into new, attractive global markets, such as Southeast Asia.”\n<\/p>\n

\nBloom Energy intends to make CHP available in all markets where the company currently operates, subject to its applicability for each specific project.\n<\/p>\n

About Bloom Energy <\/strong><\/p>\n

\nBloom Energy\u2019s mission is to make clean, reliable energy affordable for everyone in the world. The company\u2019s 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\u2019s 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<\/a>.<\/strong><\/p>\n

Cautionary Note Regarding Forward-Looking Statements<\/b><\/p>\n

This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as \u201canticipates,\u201d \u201ccould,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cprojects,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates,\u201d \u201ccan,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cwould\u201d and similar expressions identify such forward-looking statements. These statements include, but are not limited to, expectations regarding the collaboration efforts between the two companies; the timing of new construction; the ability to reduce CO2 emissions and other harmful smog-forming particulate matter; CHP\u2019s availability in the markets in which Bloom Energy operates; and expectations related to the technical solution offered by Bloom Energy\u2019s SOFC technology. 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\u2019s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and other risks detailed in Bloom Energy\u2019s 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.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210721005401\/en\/<\/a><\/span><\/p>\n

Media Contact
\n<\/strong>
Jennifer Duffourg
\n
Bloom Energy
\n
480.341.5464
\n
jennifer.duffourg@bloomenergy.com<\/a><\/p>\n

Investor Relations Contact
\n<\/strong>
investor@bloomenergy.com<\/a><\/p>\n

KEYWORDS:<\/b> South Korea United States North America Asia Pacific California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Alternative Energy Energy Utilities Environment<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Bloom Energy to Power Korea\u2019s First Utility-Scale Combined Heat and Power Project with Solid Oxide Fuel Cells New initiative with SK ecoplant in South Korea marks Bloom\u2019s first foray into CHP, with recovered heat benefiting a local community center SAN JOSE, Calif.–(BUSINESS WIRE)– Bloom Energy (NYSE: BE) today announced its first Combined Heat and Power (CHP) project in collaboration with SK ecoplant (formerly known as SK Engineering and Construction). The new 4.2-megawatt (MW) installation marks South Korea\u2019s first-ever utility-scale solid oxide fuel cell (SOFC) CHP initiative. CHP technology simultaneously utilizes both the electricity it generates and the excess thermal energy it emits to recover and reuse the heat that would have otherwise been lost during the power generation process. Coupled … <\/p>\n

Continue reading “Bloom Energy to Power Korea\u2019s First Utility-Scale Combined Heat and Power Project with Solid Oxide Fuel Cells”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-515736","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBloom Energy to Power Korea\u2019s First Utility-Scale Combined Heat and Power Project with Solid Oxide Fuel Cells - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bloom-energy-to-power-koreas-first-utility-scale-combined-heat-and-power-project-with-solid-oxide-fuel-cells\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloom Energy to Power Korea\u2019s First Utility-Scale Combined Heat and Power Project with Solid Oxide Fuel Cells - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bloom Energy to Power Korea\u2019s First Utility-Scale Combined Heat and Power Project with Solid Oxide Fuel Cells New initiative with SK ecoplant in South Korea marks Bloom\u2019s first foray into CHP, with recovered heat benefiting a local community center SAN JOSE, Calif.–(BUSINESS WIRE)– Bloom Energy (NYSE: BE) today announced its first Combined Heat and Power (CHP) project in collaboration with SK ecoplant (formerly known as SK Engineering and Construction). 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