Third annual assessment shows continued positive environmental impacts as Bloom expands its suite of innovative decarbonization solutions
SAN JOSE, Calif., April 20, 2023 – Bloom Energy (NYSE:BE) achieved nearly 1 million tonnes of avoided carbon emissions from its business activities in 2022 – enough to displace 200,000 cars from the roads in the U.S. in one year, according to its 2022 Sustainability Report. Bloom’s third annual report highlights numerous activities the clean tech company has achieved from its growing energy server business, which includes a suite of innovative decarbonization solutions such as microgrids, hydrogen, waste to energy, carbon capture and marine applications.
“The environmental impact from our core business continues to be strong, which is clearly seen in the ongoing avoided carbon emissions, air pollution and water usage from our projects,” said Stephen Lamm, head of sustainability at Bloom Energy. “At the same time, we are investing in our growth and transformation through our expanding solution set, manufacturing capability and employee engagement. We’re working to build resilient local communities both through our projects and through our increasing presence in the communities in which we operate.”
This year’s report provides insights on Bloom’s R&D, early commercial activity and technical advancements. The report also explores the steps that the company is taking regarding its supply chain, improving supplier engagement and generating avoided upstream emissions from the natural gas value chain through Bloom’s first certified gas certificate retirements.
“The near-term climate benefits from Bloom’s core business, the solid oxide Bloom Energy Server® and the hydrogen-producing Bloom Electrolyzer™, are critically important,” Lamm added. “Our discussion of the time value of carbon shows the value of both emissions reductions today, and zero emission solutions tomorrow.”
The report details Bloom’s efforts to advance important internal governance structures to ensure that Bloom continues to stay close to the risks and opportunities it faces. Bloom has also established an environmental justice framework that can help guide its community engagement and commercial transition moving forward.
You can read Bloom Energy’s 2022 Sustainability Report here.
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 ongoing environmental impact of our projects, investments in growth and transformation, our expanding solution set and manufacturing capability, and Bloom’s long-term commitment to particular industries, policies or imperatives. 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 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.
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