Bloom Energy Corporation Q2 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

Business & Market Highlights

  • Bloom emphasized three core energy priorities shaping global demand: resiliency, sustainability, and cost predictability.
  • Resiliency concerns are rising sharply. U.S. companies reporting monthly outages doubled over two years; globally outages rose 155% from 2019 to 2020. Bloom microgrids provided 99% uptime during utility outages in 2020.
  • Growing corporate sustainability commitments: 60% of Fortune 500 firms set climate or energy goals, including 83 with net-zero commitments.
  • Bloom continues promoting 20‑year predictable power pricing as grid upgrade costs and volatility increase.

Technology & Strategic Investments

  • Launched the Bloom Electrolyzer, described as up to 45% more efficient than competing solutions, leveraging Bloom’s solid oxide platform. Expected commercial shipments begin fall 2022.
  • Hydrogen ecosystem advancements include:
    • Partnership with Heliogen for solar-heat assisted green hydrogen.
    • Electrolyzer shipment to Idaho National Laboratory in Q3 2021 for nuclear‑powered hydrogen production trials.
  • Initiative to shift Bloom’s entire fleet to certified low-leak natural gas, encouraging a broader market transition to cleaner gas.

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Operator: Good afternoon, and welcome to the Bloom Energy Second Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. As a reminder, this conference call is being recorded. I would now like to turn the conference over to Investor Relations. Please go ahead. Susan Seilheimer Brennan: Thank you, operator. Good afternoon everyone and thank you for joining us on Bloom Energy's second quarter 2021 earnings conference call. To supplement this conference call we have furnished our Q2 2021 earnings press release with the SEC on Form 8-K and have posted it along with supplemental financial information that we will periodically reference throughout this call to our Investor Relations website. The matters that we will be discussing today include forward-looking statements regarding future events and our future financial performance. These include statements about the company's business results, products, new market, strategy, financial position, liquidity, and full year outlook for 2021. These statements are subject to risks and uncertainties as discussed in detail in our documents filed with the SEC from time to time, including our most recent reports on Form 10-K and 10-Q. This documents identifies important risk factors that could cause actual results to differ materially from those contained in the forward-looking statement. We assume no obligation to rev

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