Conagra Brands Collaborates with Bloom Energy to Utilize Fuel Cell Technology at its Ohio Production Facilities

New Technology Leverages Renewable Energy Solutions and Advances Conagra's Climate Change Goals

CHICAGO, April 1, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) and Bloom Energy (NYSE: BE), a global leader in power solutions, today announced they will collaborate to utilize Bloom's fuel cell technology at Conagra's Troy and Archbold, Ohio production facilities. The 15-year PPA (power purchase agreement) will deploy approximately six megawatts and provide combustion-free electricity generation, supplying approximately 70% to 75% of the electricity needs at the Troy and Archbold facilities, while also projecting a 19% decrease in their greenhouse gas emissions. This initiative aligns with Conagra's 2030 science-based greenhouse gas reduction targets¹, which have been validated by the Science Based Targets initiative, a leading corporate climate effort driving the transition to a zero-carbon economy.

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Bloom's fuel cells generate resilient, sustainable and predictable electricity without combustion, with "always-on" power reliability. Bloom's combustion-free fuel cells avoid the release of pollutants such as nitrogen oxides, carbon monoxide and other particulate matter typically associated with combustion-based power generation methods.

Adam Colling, C&I Sector Leader at Bloom Energy, said:"We are delighted to partner with Conagra Brands, a leading branded food company. Our collaboration underscores Bloom's commitment to providing clean and reliable energy solutions and driving economic value in grid-constrained regions like Ohio and the greater Midwest."

Christine Daugherty, vice president of sustainability at Conagra Brands, said:"We are committed to channeling our operational efficiency efforts into strategic areas where we can make a significant impact across our production process. We expect Bloom's fuel cells to provide cleaner and reliable power at our Troy and Archbold facilities. Implementing this technology is a significant step towards achieving our science-based targets, supporting our pursuit of renewable energy solutions and reducing our environmental footprint."

Complementing this project, Conagra established a $9 million Sustainability Capital Allowance program, which supports the company's production facilities in achieving their sustainability goals by investing in technologies that modernize its supply chain, reduce environmental impact and promote sustainable practices across its operations.

Conagra's efforts to enhance sustainability at its production facilities are part of the company's broader Citizenship strategy, which encompasses a wide range of topics and is guided by four focus areas: Good Food, Responsible Sourcing, Better Planet and Stronger Communities. To learn more about Conagra's sustainability initiatives, visit https://www.conagrabrands.com/our-company/corporate-social-responsibility

About Conagra Brands

Conagra Brands, Inc. (NYSE: CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on collaboration and innovation. The company's portfolio is continuously evolving to satisfy consumers' ever-changing food preferences. Conagra's brands include Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, Angie's® BOOMCHICKAPOP®, and many more. As a corporate citizen, we aim to do what's right for our business, our employees, our communities, and the world. Headquartered in Chicago, Conagra Brands generated fiscal 2024 net sales of more than $12 billion. For more information, visit www.conagrabrands.com.

About Bloom Energy

Bloom Energy empowers businesses and communities to responsibly take charge of their power needs. The company's leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon electricity today and a net-zero future. For more information, visit www.BloomEnergy.com.

¹ Conagra committed to reducing absolute Scope 1 and 2 greenhouse gas emissions by 25% by 2030 as compared to a fiscal year 2020 baseline. In addition, Conagra committed to reducing Scope 3 greenhouse gas emissions from purchased goods and services by 20% per metric tonne of material sourced within that same timeframe

SOURCE Conagra Brands, Inc.