Samsung Heavy Industries and Bloom Energy Advance Plans for Clean Power Ships with Joint Development Agreement
29 Junio 2020 - 7:00PM
Business Wire
Bloom Energy (NYSE: BE) and Samsung Heavy Industries (SHI), a
part of Samsung Group, have signed a joint development agreement
(JDA) to design and develop fuel cell-powered ships. The two
companies will work together to realize their vision of clean power
for ships and a more sustainable marine shipping industry.
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Samsung Heavy Industries LNG Carrier
(Photo: Business Wire)
“By signing this joint development agreement, SHI has a plan to
develop eco-friendly ships that will lead the future of the
industry,” said Mr. Haeki Jang, vice president of shipbuilding
& drilling sales engineering at SHI. “Our goal is to replace
all existing main engines and generator engines with these highly
efficient solid oxide fuel cells to align with the International
Maritime Organization’s 2030 and 2050 environmental targets.”
SHI is actively participating in all of the relevant activities
during the joint development, from early studies to project
completion, in order to build highly efficient fuel cell-powered
ships. In alignment, Bloom Energy has created a dedicated,
cross-functional team of engineers to adapt Bloom Energy’s Servers
to the unique requirements of the marine environment.
SHI and Bloom Energy are actively working towards the next
milestone in this development with a target to present the design
to potential customers in 2022. Following commercialization, the
two companies anticipate that the market for Bloom Energy Servers
on SHI ships could grow to 300 megawatts annually.
This joint development work aligns with the International
Maritime Organization’s mandate to meet emissions reduction targets
by 2050. Because the fuel cells create electricity through an
electrochemical reaction, without combusting the fuel, these ships
would be able to improve air quality with a reduction of
particulate emissions, including NOx and SOx, by more than 99
percent, and shrink carbon emissions.
“The marine shipping industry has the ability to make a
substantial impact on emissions and air quality at ports and across
our planet,” said KR Sridhar, founder, chairman and CEO of Bloom
Energy. “We see a collaboration with one of the world’s largest
shipbuilders, SHI, as a moment to make measurable strides in
reducing emissions and extending our mission for clean, reliable
energy to the seas.”
The joint development agreement between SHI and Bloom Energy
follows an Approval in Principle for fuel cell-powered Aframax
crude oil tankers from DNV GL, the internationally accredited
marine shipping registrar and classification society, announced in
September 2019. The next class of ship to be submitted for design
approval is the LNG carrier.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy
affordable for everyone in the world. The Company’s product, the
Bloom Energy Server, delivers highly reliable and resilient,
always-on electric power that is clean, cost-effective, and ideal
for microgrid applications. Bloom’s customers include many Fortune
100 companies and leaders in manufacturing, data centers,
healthcare, retail, higher education, utilities, and other
industries. For more information, visit www.bloomenergy.com.
Forward-Looking Statements under the Private Securities
Litigation Reform Act of 1995
This press release contains forward-looking statements within
the meaning of the federal securities laws that involve risks and
uncertainties. Words such as “anticipates,” “expects,” “intends,”
“plans,” “projects,” “believes,” “seeks,” “estimates,” “can,”
“may,” “will,” “would” and similar expressions identify such
forward-looking statements. These statements include, but are not
limited to statements regarding the anticipated results of the
collaboration and demand for the Company’s product and the
marketplace opportunities in 2020 and beyond. These statements
should not be taken as guarantees of results and should not be
considered an indication of future activity or future performance.
Actual events or results may differ materially from those described
in this press release due to a number of risks and uncertainties,
including those included in the Risk Factor section of the
Company’s Annual Report on Form 10-K for the year ended December
31, 2019, most recent Quarterly Report on Form 10-Q and other risks
detailed in Bloom’s SEC filings from time to time. Bloom undertakes
no obligation to revise or publicly update any forward-looking
statements unless if and as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200629005860/en/
Erica Osian Bloom Energy +1 (401) 714-6883
Erica.Osian@bloomenergy.com
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