Bloom Energy Charts a Future in Hydrogen Fuel Cells, Electrolysis and Carbon Capture
Fourth-quarter performance and bookings boost profitability target to 2021 for natural-gas fuel cells. Hydrogen and carbon capture are the next steps. Bloom Energy reported record fourth-quarter and annual revenue on Wednesday and upped its target to reach profitability to 2021, a year ahead of schedule. A fourth-quarter sales surge brought annual fuel cell deliveries to 132.6 megawatts, while an effort to reduce costs improved its margins and strengthened its balance sheet, capping off what CEO K.R. Sridhar described as its “best year yet.” Read more here.