These forward-looking statements include, but are not limited to, Bloom’s expectations regarding the collaboration with Ferrari, including plans to install solid oxide fuel cells at Ferrari’s Maranello plant, any future collaborations, plans, or projects with Ferrari, and benefits from the collaboration with Ferrari, such as reductions in costs, fuel consumption (including gas requirements), and carbon and greenhouse gas emissions, sustainability and energy conservation improvements, carbon-free electricity or other zero-carbon fuel generation, and progress towards any net-zero emissions or decarbonization goals.
In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will" and "would" or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. Forward-looking statements generally relate to future events or our future financial or operating performance. This press release contains certain forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The flexibility of Bloom’s platform will allow Ferrari to generate carbon-free electricity from hydrogen and other zero-carbon fuel sources.įor more information about Bloom Energy’s decarbonization platform and the company’s commitment to a net-zero future, visit: According to Italy’s Ministry of Economic Development, the country plans to cover a fifth of its overall energy demand from hydrogen by 2050.
Bloom Energy’s fuel cell platform is a best-in-class solution for a best-in-class luxury automaker."īloom Energy’s fuel-flexible platform also equips Ferrari to lead the race in Italy’s emerging hydrogen economy. Ferrari, like Bloom Energy, has a commitment to uniqueness, innovation, technology leadership, and continuous learning that makes them the ideal partner for Bloom’s entry into the European manufacturing landscape, where energy resilience is more crucial than ever. "By collaborating, we’re showcasing how energy-intensive industries, such as manufacturing, can be decarbonized through clean, reliable energy. "Ferrari is a legendary trailblazer in the luxury automotive industry, and Bloom Energy commends their commitment to leading in both operational excellence and carbon neutrality across their entire value chain by 2030," said KR Sridhar, founder, chairman, and CEO, Bloom Energy. This will enable Ferrari to bolster energy conservation amid record-high energy prices, while simultaneously reducing greenhouse gas emissions and improving local air quality, with virtually zero harmful air pollutant emissions such as sulfur oxides, nitrogen oxides, and particulate matter. The Bloom Energy Servers are expected to cut gas requirements by around 20% from the combined heat and power (CHP) system now in use at Ferrari, while also reducing emissions. Operating at superior efficiencies, Bloom Energy Servers will initially provide 5 percent of the energy needed at Ferrari’s Maranello headquarters and manufacturing center. Through Bloom’s solid oxide platform, Ferrari is expected to be able to reduce its fuel consumption and carbon emissions at its manufacturing facility while unlocking cost and sustainability benefits. The partnership with Ferrari, a global leader in the luxury and automotive sectors for 75 years, marks Bloom’s entry into the European Union and Italy and is the first step toward potentially larger projects between the two companies.īloom Energy’s highly efficient platform converts fuels such as hydrogen, biogas, or natural gas into clean electricity without combustion. Ferrari CEO Benedetto Vigna and Bloom Energy Founder, Chairman, and CEO, KR Sridhar in front of the new Bloom Energy Server installation at Ferrari's headquarters and manufacturing facility in Maranello, Italy.