Breaking New Ground, Bloom Energy Deploys Hydrogen-Powered Fuel Cells
Recognizing the potential boon that the hydrogen economy seems to be offering, Bloom Energy (NYSE: BE) announced last summer its plan to enter the commercial hydrogen market. An important first step in powering that strategy was the development of a pilot project, which the company has now successfully brought to fruition.
Bloom Energy announced today that with its partner, SK Engineering and Construction (SK E&C), it has completed the deployment in Ulsan, South Korea, of 100 kilowatts of solid-oxide fuel cells (SOFC) that are powered only by hydrogen. Whereas Bloom Energy has been pioneering fuel cell solutions for years, it had previous relied on natural gas and biogas to power its fuel cells.
The project marks an important new chapter in the company's history. Speaking about the installation, KR Sridhar, Bloom Energy's CEO, said, "This deployment marks a significant milestone not only for Bloom, but for the future of hydrogen-based power generation."
Source Fool.com
