From the bloom q1 concall
“Let me now switch to hydrogen and our high-efficiency electrolyzers for the first example. We have reported in the past about our 100-kilowatt electrolyzer innovation project at the Department of Energy’s Idaho National Lab, using a simulation of steam and electric inputs from a nuclear power plant. The DoE lab has to-date, completed over 4,500 hours of full load operations with the Bloom electrolyzer and founded to produce hydrogen more efficiently than any other process, over 25% more efficiently than low-temperature electrolyzers.
In addition dynamic load testing at I&L showed that the Bloom electrolyzer handled ramping down power from 100% load to 5% load in less than 10 minutes with no adverse impact. In fact even at 5% load, our electrolyzer operated at an efficiency that was equal to or better than low-temperature PEM and alkaline electrolyzers operating at 100% load. I&L will present these results at the DoE Annual Meeting in Washington, DC on June 7.”
Looks like their electrolyzers are more efficient than legacy tech like low temp PEM & alkaline electrolyzer. Will be interesting to see how this segment grows for bloom & consequently for mtar.
Guidance for double digit cost reduction as well which will expand bloom margins. (margins expanded in q1 as well). Prices are expected to remain stable or marginally increase due to high time to power in these markets (specially for applications like data center & factories which need uninterrupted power)
Bloom sustainability report is also a good read. The guidance is clearly laid out in terms of different segments powering the growth
Disclaimer: invested in mtar
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