Duke Energy One, a non-regulated subsidiary of Duke Energy, will acquire a portfolio of distributed fuel cell technology projects from Bloom Energy Corporation to serve its commercial and industrial customers.
Courtesy of Bloom Energy
The company will purchase approximately 37 MW of Bloom Energy Servers and has already 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,” said Swati Daji, Duke Energy’s senior vice president of customer solutions and strategies.
Bloom Energy Servers produce energy by converting natural gas or biogas into electricity without combustion. Based on solid oxide fuel cell technology, the Energy Servers generate cleaner power around the clock and reduce greenhouse-gas emissions by comparable amounts to zero-emission wind and solar power on an annual basis.1
Bloom Energy Servers also do not generate combustion-related pollutants, such as sulphur oxides, nitrogen oxides or particulate matter.
Customers benefit from low-emission, baseload power 24/7 and fewer intermittent interruptions in power flow for their facilities and operations.
“Duke Energy’s investment is a significant validation of the Bloom Energy Server value proposition,” said Randy Furr, chief financial officer at Bloom Energy.
Over the next 18 months, the two companies will deploy the servers at more than 30 sites across a portfolio of customers, including hospitals, technology companies, data centers and universities.