Bloom Energy Celebrates Grand Opening of Multi-Gigawatt Fremont Plant, Adding Hundreds of New Clean Energy Jobs

SAN JOSE, Calif.–(BUSINESS WIRE)–Bloom Energy (NYSE:BE) today announced the grand opening of its multi-gigawatt manufacturing facility in Fremont, California. The new, state-of-the-art 164,000 square foot facility, representing an investment of $200 million, follows the recent expansion of the company’s global headquarters in San Jose as well as the opening of a new research and technology and global development of hydrogen. settling in Fremont. Bloom’s expanded footprint, now spanning over 524,000 square feet, is expected to create more than 400 clean energy jobs by the end of the year, increasing Bloom’s workforce in California to nearly 2,000.

California Governor Gavin Newsom, State Senator Nancy Skinner, State Senator Bob Wieckowski, Fremont Mayor Lily Mei and Alameda County Supervisor David Haubert were on hand Wednesday to tour the new plant Bloom Energy’s manufacturing facility in Fremont and first see the production of solid oxide fuel cells. hand.

“Electrifying our homes and communities has never been more important, especially as the Golden State weathers some of the most disastrous impacts of climate change, like extreme heat and wildfires,” the governor said. Newsom. “With partners like Bloom Energy, California is powering the future while creating thousands of new manufacturing and clean energy jobs. Our state’s reliable energy future depends on hard work and business innovation. Californians.

As the energy industry decarbonizes, Bloom is well positioned to meet the moment with an unparalleled ability to directly convert a variety of fuels into clean, resilient electricity and storable, clean hydrogen electricity with unparalleled efficiencies.

Extreme drought, heat waves and wildfires have tested California’s ability to provide resilient energy, especially in the evenings during the summer. Under extreme conditions, California officials predict potential power shortages of up to several gigawatts. Bloom’s microgrids can provide space-efficient energy capacity 24/7, creating islands of energy resilience, adding capacity and resilience to the grid, producing virtually no air pollutants harmful to residents and protecting against prolonged network outages caused by extreme weather conditions, earthquakes and potential cyberattacks. When time is of the essence to ensure continuous power, the Bloom Microgrid Solution was designed with fast “time to power on” as an important value proposition – from installation to providing always-on power. in a few weeks.

“Founded over twenty years ago, we are a global pioneer in clean energy technology,” said KR Sridhar, Founder, Chairman and CEO of Bloom Energy. “Our roots are here, and our home is here. We are proud to continue innovating in Silicon Valley, fully supporting California as a beacon for the rest of the world in its energy transition. It is important to ensure that energy resilience and reliability are accessible today while charting a sustainable path to decarbonization. We need to make the right decisions now that support the lifeblood of our digital economy.

A typical nuclear reactor produces one gigawatt of electrical energy and takes, on average, eight to ten years to build. Bloom’s new Fremont plant will have an annual output of more than one gigawatt, the capacity equivalent to adding a nuclear plant each year.

“Because Bloom’s electricity is generated on site where the electricity is consumed, we don’t face the same challenges as traditional power plants, such as maintaining power lines,” Sridhar added. “And, unlike most nuclear power plants that consume billions of gallons of water every year, we use little or no water. It’s an incredibly valuable resource that needs to be conserved, especially now.

Bloom’s technology can play an important role for customers in California, generating clean, reliable and distributed power. In fact, in 2020, when California utilities were forced to shut off power to as many as two million residents to protect grid stability, Bloom’s customers graciously stepped up. With the support of Bloom’s customers, we’ve been able to reclaim megawatts of excess power generation and put it back on the grid, keeping the lights on for vulnerable populations across California, resulting in enough energy. energy to power 15,000 homes.

“The wonderful people at Bloom Energy are showing us once again that the green economy is an economy for everyone – creating desirable full-time jobs for Californians of all stripes while guiding us toward a more climate-resilient future,” said State Senator Bob Wieckowski. .

“Thank you to Bloom Energy for building its state-of-the-art manufacturing facility right here in Fremont, creating hundreds of new jobs and career opportunities that can help support families in our region at high cost. Creating smart, well-paying jobs is exactly what our state needs right now,” said Fremont Mayor Lily Mei.

“I am thrilled that as our economy evolves, Alameda County is home to new, green, high-paying manufacturing jobs,” said Alameda County Supervisor David Haubert.

Job seekers interested in a manufacturing career with Bloom Energy can apply online here or attend one of the company’s upcoming career fairs in Fremont on July 29-30 or July 12-13. August to:

Bloom Energy Fremont Manufacturing Plant

44408 Pacific Commons Blvd.

Fremont, California

Forward-looking statements

This press release contains certain forward-looking statements that 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 form of such words or similar terms or expressions which relate to Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s expectations regarding its new manufacturing hub, growth in California and its role in its energy market, including plans to create jobs and attraction of sufficient labor, its generation capabilities, its ability to sell and install microgrids in California, the capabilities of those microgrids, the amount of electricity generated, and progress toward zero emissions goals net or decarbonization. Further information about potential risks and uncertainties that could impact Bloom’s business is set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the fiscal year ended. on December 31, 2021, filed with the SEC on February 25. 2022, and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the SEC on May 6, 2022, and subsequent reports filed with or provided to the SEC from time to time. Bloom undertakes no obligation to update these forward-looking statements and does not currently intend to update them.

About Bloom Energy

Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed power and hydrogen generation is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver low-carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.