Duke Energy Sub. To Acquire Portfolio Of Distributed Fuel Cell Technology Projects In Move To Meet C&I Customer Needs

A subsidiary of Duke Energy today announced it will acquire a portfolio of distributed fuel cell technology projects from Bloom Energy Corporation, as part of the company’s efforts to serve commercial and industrial customers’ evolving energy needs and provide behind-the-meter generation.

A subsidiary of Duke Energy will purchase approximately 37 megawatts of Bloom Energy Servers and has already secured long-term power purchase agreements with creditworthy 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.

Duke Energy One, a non-regulated subsidiary of Duke Energy, formed a potential long-term strategic alliance with Bloom Energy, "marking another step forward in expanding energy products and services available for commercial and industrial customers," Duke said

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 power around the clock

Bloom Energy Servers also do not generate combustion-related pollutants, such as sulphur oxides, nitrogen oxides or particulate matter, Bloom said

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.