- Bloom Energy (NYSE:BE) and LSB Industries, Inc (NYSE:LXU) plan to install a 10 megawatt (MW) solid oxide electrolyzer at LSB’s Pryor, Oklahoma facility.
- The project is expected to generate green hydrogen that will contribute to the synthesis of ~13,000 metric tons of zero-carbon ammonia per year.
- When integrated with high-temperature processes, Bloom’s electrolyzer is up to 30%-40% more efficient than competing electrolyzer technologies, resulting in the lowest cost hydrogen for the end customer use.
- Clean hydrogen produced at LSB’s facility may qualify for federal incentive programs.
- “Achieving a net-zero future requires clean hydrogen at scale, and the collaboration between Bloom Energy and LSB is a milestone for both green hydrogen production and the decarbonization of an industry that’s vital to farmers and consumers alike,” said Rick Beuttel, VP, hydrogen business, Bloom Energy.
- ThyssenKrupp (OTC:TKAMY) will co-develop the multi-phase project, developing an initial engineering design to convert a small portion of existing conventional ammonia capacity into green ammonia.
- Bloom Energy will then install, operate, and maintain the 10 MW electrolyzer at the Pryor facility, targeting hydrogen production to begin in 2023.
- Price Action: BE shares are trading higher by 3.46% at $15.53, LXU higher by 1.19% at $19.58, and TKAMY flat at $8.94 on the last check Wednesday.
