Bloom Energy Expects Stable Shipment Volumes to Korea Amid Market Changes
Key Ideas
- Bloom Energy anticipates consistent shipment volumes to Korea despite changes in the market following the recent Korea Hydrogen Portfolio Standard auction.
- The company reiterates its confidence in partner SK ecoplant Co., Ltd., expecting the purchase of 500MW of solid oxide fuel cells through 2027.
- Bloom Energy emphasizes its leadership in fuel cell technology, achieving high electrical and combined heat and power efficiency using hydrogen.
- With a commitment to the Korean market, Bloom continues to drive energy transformation through its solid oxide platform, positioning itself as a key player in the industry.
In San Jose, California, Bloom Energy Corporation addresses market commentary on the recent Korea Hydrogen Portfolio Standard auction and the expected impact on their shipment volumes to Korea. Despite market changes, Bloom anticipates that their partnership with SK ecoplant Co., Ltd. will remain strong, with plans for significant purchases of Bloom's solid oxide fuel cells over the next few years. The company emphasizes its position as a leader in fuel cell technology, highlighting impressive electrical and combined heat and power efficiency achieved using hydrogen. Bloom Energy expresses full confidence in their partners in Korea and the transformative potential of their fuel cells in the Korean energy market. With a focus on innovation and efficiency, Bloom is committed to delivering sustainable energy solutions to businesses and communities. The company's forward-looking statements project a positive outlook for their operations in Korea, supported by their established presence and partnerships in the region.