Will the “Largest Fuel Cell Installation in History” Help Bloom Energy Turn a Profit in 2025?
In November 2024, Bloom Energy (NYSE: BE) made a big announcement: It will be supplying a roughly 80-megawatt fuel cell project in South Korea. The project, assuming all goes as planned, will be the “world’s largest fuel cell installation in history.”
Being involved in this project is clearly good news for Bloom Energy, but what does it mean for investors?
Bloom Energy’s new project is being developed by SK Eternix. SK Eternix is a Bloom Energy partner and has been a distributor of Bloom Energy’s products in South Korea since 2019. The 80-megawatt project will power two “ecoparks” in the North Chungcheong Province in South Korea. It is expected to be up and running fairly quickly, as it is “expected to begin commercial operations in 2025.”
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