Bloom Energy signed a memorandum of understanding with California Resources Corporation to pursue large carbon-captured power projects in California. The agreement seeks to evaluate at least 1 gigawatt of solid-oxide fuel cell power generation, which could power data centers and supplement the grid.
Bloom Energy (NYSE: BE) signed a memorandum of understanding with California Resources Corporation to pursue large carbon-captured power projects in California. The new MOU could expand the use cases for Bloom's fuel cell technology.
The agreement seeks to evaluate the possibility of Bloom providing at least 1 gigawatt of solid-oxide fuel cell power generation for California Resources Corporation. That power would be combined with carbon capture and storage to power California data centers and supplement the power grid for other needs. The partnership targets gigawatt-scale development of solid oxide fuel cell power generation paired with carbon capture and storage across California.
