Trending...
- Grammy award-winning Cuban-Canadian artist Alex Cuba releases his 11th studio album, "Indole"
- California: Crime is down in San Francisco, key law enforcement partnerships yield successful results
- $73.6M Pipeline, $10M Crypto Play & Legal Firepower: Why Investors Are Watching Cycurion (N A S D A Q: CYCU) Like a Hawk
Download
Loading media player...
Ferrari and Bloom Energy are setting a new pace for Ferrari's drive to achieve carbon neutrality in manufacturing by 2030 with Bloom's solid oxide fuel cells at Ferrari's expanding manufacturing facility and headquarters in Maranello, Italy.
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) today set a new pace for Ferrari's drive to achieve carbon neutrality in manufacturing by 2030, announcing a one megawatt (MW) installation of Bloom's solid oxide fuel cells at Ferrari's expanding manufacturing facility and headquarters in Maranello, Italy.
More on The Californer
The partnership with Ferrari, a global leader in the luxury and automotive sectors for 75 years, marks Bloom's entry into the European Union and Italy and is the first step toward potentially larger projects between the two companies.
Bloom Energy's highly efficient platform converts fuels such as hydrogen, biogas, or natural gas into clean electricity without combustion. Through Bloom's solid oxide platform, Ferrari is expected to be able to reduce its fuel consumption and carbon emissions at its manufacturing facility while unlocking cost and sustainability benefits.
Operating at superior efficiencies, Bloom Energy Servers will initially provide 5 percent of the energy needed at Ferrari's Maranello headquarters and manufacturing center.
The Bloom Energy Servers are expected to cut gas requirements by around 20% from the combined heat and power (CHP) system now in use at Ferrari, while also reducing emissions. This will enable Ferrari to bolster energy conservation amid record-high energy prices, while simultaneously reducing greenhouse gas emissions and improving local air quality, with virtually zero harmful air pollutant emissions such as sulfur oxides, nitrogen oxides, and particulate matter.
"Ferrari is a legendary trailblazer in the luxury automotive industry, and Bloom Energy commends their commitment to leading in both operational excellence and carbon neutrality across their entire value chain by 2030," said KR Sridhar, founder, chairman, and CEO, Bloom Energy. "By collaborating, we're showcasing how energy-intensive industries, such as manufacturing, can be decarbonized through clean, reliable energy. Ferrari, like Bloom Energy, has a commitment to uniqueness, innovation, technology leadership, and continuous learning that makes them the ideal partner for Bloom's entry into the European manufacturing landscape, where energy resilience is more crucial than ever. Bloom Energy's fuel cell platform is a best-in-class solution for a best-in-class luxury automaker."
Bloom Energy's fuel-flexible platform also equips Ferrari to lead the race in Italy's emerging hydrogen economy. According to Italy's Ministry of Economic Development, the country plans to cover a fifth of its overall energy demand from hydrogen by 2050. The flexibility of Bloom's platform will allow Ferrari to generate carbon-free electricity from hydrogen and other zero-carbon fuel sources.
More on The Californer
For more information about Bloom Energy's decarbonization platform and the company's commitment to a net-zero future, visit: https://www.bloomenergy.com/technology/powering-the-future/
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 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, Bloom's expectations regarding the collaboration with Ferrari, including plans to install solid oxide fuel cells at Ferrari's Maranello plant, any future collaborations, plans, or projects with Ferrari, and benefits from the collaboration with Ferrari, such as reductions in costs, fuel consumption (including gas requirements), and carbon and greenhouse gas emissions, sustainability and energy conservation improvements, carbon-free electricity or other zero-carbon fuel generation, and progress towards any net-zero emissions or decarbonization goals. 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, 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, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.
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 generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.
Contacts
Media Contact:
Jennifer Duffourg
480.341.5464
jennifer.duffourg@bloomenergy.com
Investor Relations:
Ed Vallejo
267.370.9717
Edward.Vallejo@bloomenergy.com
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
#Hashtags
$Cashtags
Contacts
Media Contact:
Jennifer Duffourg
480.341.5464
jennifer.duffourg@bloomenergy.com
Investor Relations:
Ed Vallejo
267.370.9717
Edward.Vallejo@bloomenergy.com
Loading media player...
Ferrari and Bloom Energy are setting a new pace for Ferrari's drive to achieve carbon neutrality in manufacturing by 2030 with Bloom's solid oxide fuel cells at Ferrari's expanding manufacturing facility and headquarters in Maranello, Italy.
- Ferrari and Bloom Energy are setting a new pace for Ferrari's drive to achieve carbon neutrality in manufacturing by 2030 with Bloom's solid oxide fuel cells at Ferrari's expanding manufacturing facility and headquarters in Maranello, Italy.
- Ferrari CEO Benedetto Vigna and Bloom Energy Founder, Chairman, and CEO, KR Sridhar in front of the new Bloom Energy Server installation at Ferrari's headquarters and manufacturing facility in Maranello, Italy. (Photo: Business Wire)
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) today set a new pace for Ferrari's drive to achieve carbon neutrality in manufacturing by 2030, announcing a one megawatt (MW) installation of Bloom's solid oxide fuel cells at Ferrari's expanding manufacturing facility and headquarters in Maranello, Italy.
More on The Californer
- Sub-Millisecond Trading Platform: HNZLLQ Introduces Unified Gateway for Philippine Digital Asset Traders
- $2.1B Theft Losses: Bitquore Launches 1M+ TPS Platform with 95% Offline Asset Protection for U.S. Traders
- Ecko Unltd & Nexxlegacy - New Arrivals
- California: Governor Newsom announces appointments
- P4 The Network is Officially Launched
The partnership with Ferrari, a global leader in the luxury and automotive sectors for 75 years, marks Bloom's entry into the European Union and Italy and is the first step toward potentially larger projects between the two companies.
Bloom Energy's highly efficient platform converts fuels such as hydrogen, biogas, or natural gas into clean electricity without combustion. Through Bloom's solid oxide platform, Ferrari is expected to be able to reduce its fuel consumption and carbon emissions at its manufacturing facility while unlocking cost and sustainability benefits.
Operating at superior efficiencies, Bloom Energy Servers will initially provide 5 percent of the energy needed at Ferrari's Maranello headquarters and manufacturing center.
The Bloom Energy Servers are expected to cut gas requirements by around 20% from the combined heat and power (CHP) system now in use at Ferrari, while also reducing emissions. This will enable Ferrari to bolster energy conservation amid record-high energy prices, while simultaneously reducing greenhouse gas emissions and improving local air quality, with virtually zero harmful air pollutant emissions such as sulfur oxides, nitrogen oxides, and particulate matter.
"Ferrari is a legendary trailblazer in the luxury automotive industry, and Bloom Energy commends their commitment to leading in both operational excellence and carbon neutrality across their entire value chain by 2030," said KR Sridhar, founder, chairman, and CEO, Bloom Energy. "By collaborating, we're showcasing how energy-intensive industries, such as manufacturing, can be decarbonized through clean, reliable energy. Ferrari, like Bloom Energy, has a commitment to uniqueness, innovation, technology leadership, and continuous learning that makes them the ideal partner for Bloom's entry into the European manufacturing landscape, where energy resilience is more crucial than ever. Bloom Energy's fuel cell platform is a best-in-class solution for a best-in-class luxury automaker."
Bloom Energy's fuel-flexible platform also equips Ferrari to lead the race in Italy's emerging hydrogen economy. According to Italy's Ministry of Economic Development, the country plans to cover a fifth of its overall energy demand from hydrogen by 2050. The flexibility of Bloom's platform will allow Ferrari to generate carbon-free electricity from hydrogen and other zero-carbon fuel sources.
More on The Californer
- Silva Construction Advises Homeowners on Smart Homes and Integrated Technology
- Cold Released on Vimeo Before Moving to Streaming Channels
- California invests nearly $5 billion for local projects to improve roadways, new alternative transport options
- City of Long Beach to Celebrate Completion of Ramona Park Signature Playground
- Long Beach to Host Citywide College & Career Expo on October 21
For more information about Bloom Energy's decarbonization platform and the company's commitment to a net-zero future, visit: https://www.bloomenergy.com/technology/powering-the-future/
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 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, Bloom's expectations regarding the collaboration with Ferrari, including plans to install solid oxide fuel cells at Ferrari's Maranello plant, any future collaborations, plans, or projects with Ferrari, and benefits from the collaboration with Ferrari, such as reductions in costs, fuel consumption (including gas requirements), and carbon and greenhouse gas emissions, sustainability and energy conservation improvements, carbon-free electricity or other zero-carbon fuel generation, and progress towards any net-zero emissions or decarbonization goals. 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, 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, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.
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 generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.
Contacts
Media Contact:
Jennifer Duffourg
480.341.5464
jennifer.duffourg@bloomenergy.com
Investor Relations:
Ed Vallejo
267.370.9717
Edward.Vallejo@bloomenergy.com
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
#Hashtags
- #fuelcells
- #cleanenergy
- #ferrari (https://twitter.com/hashtag/ferrari?src=hash)
$Cashtags
- $BE (https://twitter.com/search?q=%24BE&src=ctag)
Contacts
Media Contact:
Jennifer Duffourg
480.341.5464
jennifer.duffourg@bloomenergy.com
Investor Relations:
Ed Vallejo
267.370.9717
Edward.Vallejo@bloomenergy.com
Filed Under: Business
0 Comments
Latest on The Californer
- New You Smile Dental Implant Center Expands Office
- $8 Billion High-Margin National Gentlemen's Club Market Targeted by Acquisition Strategy Incorporating the Successful Peppermint Hippo™ Brand: $TRWD
- Why Indian Game Development Companies Are Shaping the Future of Global Gaming
- Cold Storage and Proof-of-Reserves: BTXSGG Launches Institutional-Grade Asset Protection for Filipino Traders
- Why FIRE Enthusiasts Are Buying Businesses Instead of Just Saving Their Way to Freedom
- Meet a Scientologist Powers Rwanda's Digital Connectivity with Venuste Twagiramungu
- All About bail Bonds Expands Presence to Serve Houston Families
- Thousands to Ride to L.A. Children's Hospital This Halloween Night
- Essential Living Support Opens First VA Medical Foster Home in Cheyenne, Wyoming
- Top AI Jobs for Recent College Grads
- City of Long Beach Reports First Human Case of West Nile Virus This Year
- Founder of Threshold Aviation selected as finalist for 2025 Spirit of the Entrepreneur Awards
- City of Long Beach Introduces Interest Form to Connect Local Businesses and Property Owners with 2028 Games Stakeholders
- Six-Figure Chicks Book Series 96 Authors, 6 Volumes Published to Empower and Mentor Women Nationwide
- MTN WTR Partners with Sumo + Sushi 2025 U.S. Tour to Celebrate Japanese Culture Across Five Cities
- Hundreds of new homes for veterans are coming to California through voter-approved Prop 1 funding
- LSC Destruction Launches Cutting-Edge Cryptocurrency Scanning to Hard Drive Destruction Services
- California highlights earthquake preparedness for Great ShakeOut Day
- DALPS Announces Global Airdrop to Reward Users and Expand Its Offers Marketplace
- Governor Newsom expands response arsenal with new emergency services facility in Southern California