Due to the 4th quarter sales surge, Bloom Energy’s profitability target is projected as a year earlier. The annual deliveries of fuel cell increase to 132.6 Megawatts. Together with the effort of reducing cost, K.R. Sridhar, CEO of Bloom Energy, sees that 2021 will be the best year yet for the company.
Although the progress is consistent, Sridhar is expecting to fully adapt the company’s solid-oxide fuel cell technology. This technology aims to generate electricity from hydrogen. The plan was to obtain ‘green’ hydrogen through electrolysis and capture carbon in ‘blue hydrogen’ coming from natural gas. With this, the estimates will appear off the charts as the impacts are on a very large scale.
Bloom Energy …