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Bloom Energy Partners to serve the Spanish and Portuguese markets

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SAN JOSE, CA and MADRID–(BUSINESS WIRE)–Bloom Energy (NYSE: BE) has partnered with Telam Partners, a leading senior advisory firm specializing in the financing and market entry of energy, infrastructure and technology projects, to expand the presence of Bloom in Spain and Portugal.

The two companies will market and deploy the Bloom electrolyser, as well as Bloom’s energy servers, providing customers with solutions that can efficiently meet their energy security needs and green hydrogen demand.

“Business and political leaders are looking for clean technology and energy solutions,” said Tim Schweikert, Senior Managing Director of International Business Development, Bloom Energy Inc. “Bloom is now committed to addressing these priorities in Spain and Portugal. Telam is a partner of choice, supporting Bloom’s long-term commitment in the Iberian Peninsula and to respond quickly to green transition policies and environmental imperatives.

“At Telam, we are delighted to be able to work with the leader in solid oxide fuel cells on the very important and urgent challenge of transitioning to renewable energy,” said Jaime Malet, CEO of Telam Partners. “We are convinced that Spain and Portugal, thanks to an abundance of wind and solar resources, are among the clearest candidates to lead the production of green hydrogen in Europe.”

In line with Spanish and Portuguese objectives to become global centers of green hydrogen, Telam and Bloom will commercialize Bloom’s solid oxide electrolyser. With impressive efficiency confirmed by tests at the US Department of Energy’s Idaho National Laboratories, the Bloom electrolyzer delivers hydrogen at a low cost of ownership. Additionally, the Bloom electrolyzer is well suited for large-scale installations, as well as projects such as ammonia synthesis and renewable fuels, which can be integrated with the electrolyzer.

Telam and Bloom will also market Bloom’s highly efficient Energy Server™ fuel cell to decarbonize port operations while ships are docked. Bloom’s flexible fuel technology, which can run on natural gas, biogas or hydrogen, produces electricity without combustion and reduces carbon emissions compared to auxiliary diesel generators typically used for on-demand power. platform.

This is Bloom Energy’s first agreement for the Iberian Peninsula. It confirms Bloom’s commitment to the European market, after announcing the installation of its energy platform in Ferrari’s Italian plant and a strategic partnership for the Italian market with the engineering, procurement and construction company CEFLA in 2022.

Additionally, Bloom will attend several power generation and hydrogen conferences across the peninsula to showcase Bloom’s products and solutions. These will be opportunities to introduce Bloom to decision makers in the region and beyond.

For more information on Bloom Energy’s decarbonization platform and the company’s commitment to a net zero future, visit: https://www.bloomenergy.com/technology/powering-the-future/.

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 form of such words or similar terms or expressions which relate to Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s expectations regarding collaboration with Telam, including Telam’s selected solid oxide fuel cell and electrolyzer site installation projects, any expected benefits from collaboration with Telam, such as reducing carbon emissions, increasing energy efficiency, or meeting any clean energy or energy saving requirements from the European Union or other regulatory bodies, and progress toward goals of net zero emissions, decarbonization, or energy independence, and Bloom’s long-term commitment to regions, policies, or imperatives. Further information about the potential risks and uncertainties that could impact Bloom’s business is set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the fiscal year ended. on December 31, 2021, filed with the SEC on February 25. 2022, and its quarterly reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022, and September 30, 2022, filed with the SEC on May 6, 2022, August 9, 2022, and November 3, 2022, respectively, as well as subsequent reports filed with or provided to the SEC from time to time. Bloom undertakes no obligation to update these forward-looking statements and does not currently intend to update them.

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 power and hydrogen generation is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver low-carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.

About Telam

Telam Partners is a strategic advisory firm specializing in financing and market entry in all sectors involved in the transition to the new sustainable economy, including energy, water, transport, telecommunications, logistics, circular economy and AI.

Telam develops innovative business projects, designs and executes international market entry acceleration strategies, creating opportunities with key partners around the world. Telam also designs complex financial structures and connects its clients with equity and debt from global institutional investors.

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