Bloom Energy and SK ecoplant Collaborate on a Major Hydrogen Project to be Developed by Korea Southern Power Co., Ltd - Seite 2

The demonstration includes a consortium of companies and technologies. The Bloom Electrolyzer was chosen for its industry-leading high electrical efficiency, enabling KOSPO and the collaborators to achieve the highest efficiency results.

Jeju Island’s “Carbon Free Island 2030” project aims to fully convert all vehicles and electricity generation to renewables by 2030. Hydrogen generated from this project will be used to advance that goal, demonstrating an alternative way to provide renewable and sustainable energy by helping supply green hydrogen to hydrogen refueling stations to power public vehicles.

Using geographic characteristics of Jeju, known for its wind power and abundant natural resources, the consortium is undertaking to build and operate the nation’s largest 12.5MW-scale hydrogen production facilities, including other electrolyzer technologies. The consortium aims to produce green hydrogen, secure economic viability in distribution, and establish a foundation for commercialization.

Launched in 2018, the strategic partnership between Bloom Energy and SK ecoplant has strengthened their respective market leadership positions in power generation and the global hydrogen economy. SK ecoplant will be a preferred distributor globally for Bloom Energy solid oxide fuel cells (SOFC) and SOEC in markets where SK ecoplant has a significant presence and competitive advantage. Bloom Energy and SK ecoplant have deployed 400 MW since the beginning of the partnership.

For more information about Bloom Energy’s platform and the company’s commitment to a zero-carbon future, see: https://www.bloomenergy.com/technology/

Forward Looking Statements

This press release contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, expectations for a successful demonstration between the companies; expected hydrogen produced during the project; the expected use of the hydrogen as fuel for transport; the scope and terms of the proposed partnership, and the ability of the companies to fortify their market leadership positions. More information on potential risks and uncertainties that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 21, 2023 and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023, and September 30, 2023, as filed with the SEC on May 9, 2023, August 3, 2023, and November 8, 2023, respectively, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not intend to, update any such forward-looking statements.