Bloom Energy Secures 20 MW Utility Deal with FPM Development to Rapidly Fortify Grid Resilience in California
Partnership to support local electric utility by quickly delivering energy and mitigating power shortages in vulnerable communities across
The agreement calls for the installation of Bloom Energy’s fuel cell-based Energy Server at repurposed commercial sites, strategically selected for their location on the grid to support growing electrical demand. FPM, a developer of utility-scale projects that deliver innovative, scalable infrastructure and finance solutions, is supported by
“As states grapple with increasing demand and penetration of intermittent renewables, Bloom’s technology is uniquely positioned to quickly deliver reliable, distributed power and mitigate shortages,” said
This agreement is part of an initial deal with FPM as they continue to drive the energy transition with utilities in
Rapid Deployment
- Bloom’s fuel cells can be installed within months versus years to meet urgent power needs, ensuring energy generation without long delays for infrastructure upgrades.
Flexible and Scalable
- Flexible installation requirements enable integration into an existing site layout and development plan.
- Scalable solution enables expansion of capacity with increasing power needs.
Reliable and Resilient
- Bloom systems deliver highly reliable power due to a modular, fault-tolerant design and can withstand extreme weather, fire and other external disruptions.
Clean and Sustainable
- Bloom’s technology generates electricity with no combustion and negligible criteria pollutant emissions. The company’s SOFCs operate on multiple fuels, including natural gas, biogas and hydrogen, providing a lower carbon footprint compared to the electric grid while maintaining grid stability.
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Bloom’s fuel cell technology provides a scalable, easy to deploy solution which is CARB Distributed Generation certified and exempt from air permitting in many air districts, including the
South Coast Air Quality Management District .
“FPM is thrilled to be working with utilities, and state and local governments to deliver cleaner power to provide direct financial and sustainability benefits at the municipal level,” said FPM executive
The projects deployed under this agreement are the start of further planned development by FPM with the support from Go-Biz (Governor’s
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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, the timing of hardware delivery and the prospects for future planned developments. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors including, but not limited to, risks and uncertainties detailed in Bloom’s
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