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BLOOM ENERGY AND SEMBCORP ANNOUNCE COLLABORATION TO BRING LOW-CARBON SOLUTIONS TO SINGAPORE

Singapore, June 6, 2024 – Bloom Energy (NYSE: BE) (Bloom), a global leader in solid oxide fuel cell technology, announced today a groundbreaking collaboration with Sembcorp Industries (Sembcorp) at the sidelines of the 2024 Clean Economy Investor Forum, organized under the auspices of the Indo-Pacific Economic Framework (IPEF). The Bloom-Sembcorp collaboration will involve Sembcorp’s potential utilization of Bloom’s proprietary solid oxide fuel cell technology and third-party proven carbon capture technologies to produce reliable, low-carbon electricity to meet Singapore’s changing energy needs.  

This collaboration aligns with Singapore’s recent launch of the Green Data Centre Roadmap, where one of the goals is to develop sustainable data centers with a greater use of green energy (source). Bloom’s fuel cell Energy Server product, when integrated with carbon capture, will provide low-carbon power to the data centers. The same system can potentially deliver green energy in the future, tapping on low-carbon feedstock. The Energy Servers can also be deployed as a grid parallel system in conjunction with utility power, mitigating grid constraints.

Headquartered in Singapore, Sembcorp has a balanced energy portfolio of 21.2GW, including 14.4GW of gross renewable energy capacity, across 10 countries. The company delivers sustainable solutions to drive energy transition by leveraging its sector expertise and global track record.

“The Bloom-Sembcorp collaboration will have lasting impacts on multiple levels,” said KR Sridhar, Bloom Energy’s Founder, Chairman & CEO. “Singapore’s established position as a high-tech manufacturing hub will be further cemented as Bloom and Sembcorp provide the low-carbon electricity from the high-tech solid oxide fuel cells coupled with proven carbon capture technologies. The use of carbon capture technology will support Singapore’s progress towards achieving its net-zero emissions target by 2050. We believe this will serve as a model for the broader region, and the world.”

Koh Chiap Khiong, CEO, Singapore & Southeast Asia at Sembcorp said, “Through the collaboration with Bloom Energy, Sembcorp aims to support our customers with low-carbon energy through the deployment of solid oxide energy systems. The demand for green energy is expected to have robust growth, especially in the area of data centers.” 

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