Bloom Energy Corporation (NASDAQ:BE) shares are moving Wednesday. The company announced it will collaborate with Shell Plc. to study decarbonization solutions.
The Details:
Bloom Energy and Shell will utilize Bloom’s proprietary hydrogen electrolyzer technology to develop replicable, large-scale, solid oxide electrolyzer (SOEC) systems that would produce hydrogen for potential use at Shell assets.
“This technology could represent a potentially transformative moment for opportunities to decarbonize several hard to abate industry sectors,” said KR Sridhar, CEO of Bloom Energy.
“As the ...