Duke Energy One to acquire approximately 37 MW of solid oxide fuel cell generation from Bloom Energy
Duke Energy One, a subsidiary of Duke Energy, announced Monday that it would purchase approximately 37 megawatts of Bloom Energy Servers, which provide electricity using oxide fuel cell technology, from Bloom Energy Corporation.
The company has also secured long-term power purchase agreements with customers primarily located in California, Connecticut, Maryland, and New York.
“Commercial and industrial customers want resilient, clean energy at predictable costs and solutions tailored for their business needs – and with this technology, we can provide just that,” Swati Daji, Duke Energy’s senior vice president of customer solutions and strategies, said. “We are excited to give our customers a more affordable, reliable, innovative generation source with Bloom Energy’s innovative fuel cells, and we look forward to further developing and customizing more options in the future.”
Bloom Energy Servers produce energy by converting natural gas or biogas into electricity without combustion using solid oxide fuel cell technology. The servers reduce greenhouse-gas emissions by amounts comparable to zero-emission wind and solar power on an annual basis and also do not generate combustion-related pollutants. They will provide low-emission, baseload power and reduce intermittent interruptions in power flow, Duke Energy said.
“Duke Energy’s investment is a significant validation of the Bloom Energy Server value proposition,” Randy Furr, chief financial officer at Bloom Energy, said. “Now, more than ever, commercial and industrial customers need power that is reliable, resilient, and affordable. As one of the largest electric power holding companies in the United States, Duke Energy understands that dynamic perfectly, and we are delighted to be partnering with the organization.”
The two companies will deploy the servers over the next 18 months at more than 30 sites across a portfolio of customers that includes hospitals, technology companies, data centers, and universities.
