Bloom Energy Gets Its Sea Legs, Pursues Development of Fuel Cell-Powered Ships With Samsung Heavy Industries
With a history of providing solid oxide fuel cell solutions to help companies procure clean energy on land, Bloom Energy (NYSE: BE) made waves yesterday when it announced the signing of a joint development agreement with Samsung Heavy Industries (SHI), a global leader in shipbuilding. The two companies will collaborate to design and develop ships, powered by fuel cells, with a goal of marketing a ship to customers in 2022.
Apparently, SHI has a considerable interest in incorporating fuel cell technology into its ships. Speaking to the potential of the clean energy solution, Haeki Jang, vice president of shipbuilding & drilling sales engineering at SHI, said that the company's "goal is to replace all existing main engines and generator engines with these highly efficient solid oxide fuel cells to align with the International Maritime Organization's 2030 and 2050 environmental targets."
Image source: Getty Images.
Source Fool.com
