SAN JOSE, Calif.--(BUSINESS WIRE)--
SK D&D, the real estate and renewable energy development arm of SK
Group, the third largest conglomerate in Korea, and Bloom Energy
Corporation (NYSE: BE) announced today a new distributorship agreement
for the direct supply of Bloom Energy fuel cells for projects developed
by SK D&D.
The agreement is Bloom Energy’s second distributorship with an SK Group
company. Bloom Energy executed a distributorship agreement with SK E&C
in November 2018 to serve the utility-scale fuel cell market in Korea.
The D&D distributorship will serve projects self-developed by D&D and
potential future C&I applications in Korea.
Both agreements are designed to meet growing demand in South Korea for
clean electricity, particularly from fuel cells. South Korea has become
a world leader in the deployment of fuel cells with approximately 300
megawatts deployed. The government has issued a Hydrogen Economy Roadmap
calling for a further expansion of stationary fuel cells to 1,500 MW by
2022.
SK D&D develops and manages real estate properties in South Korea
including housing, office buildings, and commercial facilities,
including shopping malls and hotels. It is also involved in the
development, procurement and construction of clean power resources.
“We are excited to further strengthen our partnership with SK Group,
continuing to accelerate the deployment of fuel cells in South Korea,”
said Bloom Energy Founder, Chairman and CEO KR Sridhar. “We share the
same passion and vision to bring clean, reliable, always-on electric
power to the Korean people.”
The Bloom Energy Server converts natural gas or biogas fuel into
electricity without combustion, using solid oxide fuel cell technology.
It delivers always-on 24/7 power in an extremely compact, energy-dense
platform. Because it generate electricity via an electro-chemical
reaction rather than combustion, the Bloom Energy Server generate
virtually no smog-forming particulate emissions.
Bloom Energy Servers have the highest delivered electrical efficiency of
any commercially available electric power generation system in the
world, resulting in low fuel consumption. This particularly is important
in Korea, since the country imports all of its natural gas, with
resulting high fuel costs.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable, and affordable energy
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 and sustainable. Bloom’s customers include
twenty-five of the Fortune 100 companies and leaders in cloud services
and data centers, healthcare, retail, financial services, utilities and
many other industries. For more information, visit www.bloomenergy.com
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Media Relations Contact:
Natalia Blank
Corporate Public
Relations
Bloom Energy
T: 408-543-1566
natalia.blank@bloomenergy.com
Source: Bloom Energy