Bloom Energy Charts a Future in Hydrogen Fuel Cells, Electrolysis and Carbon Capture

By [email protected] Bloom Energy reported record fourth-quarter and annual revenue on Wednesday and upped its target to reach profitability to 2021, a year ahead of schedule. A fourth-quarter sales surge brought annual fuel cell deliveries to 132.6 megawatts, while an effort to reduce costs improved its margins and strengthened its balance sheet, capping off what CEO K.R. Sridhar described as its “best year yet.”

But Sridhar placed even higher expectations on a longer-range plan to adapt Bloom’s solid-oxide fuel cell technology, originally designed to run on natural gas and emit carbon dioxide, to generate electricity from hydrogen, make “green” hydrogen via electrolysis

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