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Bloom Energy Fuel Cells to Drive Landmark Decarbonization With Ferrari

By June 23, 2022 3   min read  (495 words)

June 23, 2022 |

Fuel Cells Works,Bloom Energy Fuel Cells to Drive Landmark Decarbonization With Ferrari

Energy innovator enters European market with partnership that pushes boundaries of clean power at Ferrari’s headquarters in Maranello, Italy.

SAN JOSE, Calif.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.

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.

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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