Bloom Energy's Confidence in the Korean Market and Solid Oxide Fuel Cell Technology
Key Ideas
- Bloom Energy expects to maintain similar shipment volumes to Korea in 2024 and the following years, with a 500MW purchase commitment by their partner SK ecoplant Co., Ltd.
- The company remains confident in the transformative potential of Bloom fuel cells in the Korean energy market, emphasizing superior efficiency and cost-effectiveness.
- Bloom highlights its established leadership in solid oxide fuel cell technology, achieving high electrical and combined heat and power efficiency, positioning them as a trusted energy partner.
- Aman Joshi, Bloom’s Chief Commercial Officer, expresses optimism about the future in Korea, highlighting the importance of the market and the strength of the partnership with SK.
Bloom Energy Corporation, a leader in solid oxide fuel cell technology, recently commented on the results of the Korea Hydrogen Portfolio Standard auction and their expectations for shipment volumes to Korea in 2024 and beyond. The company anticipates continued shipments to Korea, with a significant commitment from their partner SK ecoplant Co., Ltd. to purchase 500MW of Bloom solid oxide fuel cells between 2024 and 2027. Bloom emphasizes its confidence in its partners in Korea and the transformative potential of its fuel cells in the Korean energy market.
Bloom Energy's Chief Commercial Officer, Aman Joshi, underlined the importance of the Korean market for the company, expressing trust in SK's performance supported by the efficiency of Bloom's solid oxide fuel cells. Bloom Energy prides itself on its superior technology, showcasing high electrical efficiency using hydrogen and emphasizing its commitment to energy generation efficiency and cost-effectiveness.
The company views the recent public auction as one avenue to sell their energy servers in Korea, highlighting additional development projects with their partners beyond the auction. With a focus on sustainability and innovation, Bloom Energy aims to lead the way in the energy market, providing lower carbon energy solutions and contributing to a net-zero future. The company remains committed to the Korean market through existing manufacturing ventures and an expanding local supplier network, positioning itself for future growth and success alongside partners like SK ecoplant Co., Ltd.