Bloom Energy and Chart Industries Announce Groundbreaking Carbon Capture Partnership

• Partnership Will Pave the Way for a Cost-Effective Path to Decarbonization Using Natural Gas and Sequestration
  
• Offers Scalable, Near-Zero Approach That Uses Existing Fuel Infrastructure to Meet Today’s Urgent Energy Needs

Bloom Energy (NYSE: BE), a global leader in fuel cell electricity generation, and Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a global leader in energy and industrial gas solutions, announced today a carbon capture partnership that will use natural gas and fuel cells to generate near zero-carbon, always-on power. This partnership offers a solution to customers like data centers and manufacturers seeking rapid power deployment without compromising reliability or emission goals.

As part of the partnership, Chart will process Bloom’s high-purity CO2 exhaust stream into outputs ready for utilization or sequestration. The CO2 utilization market provides a near-term bridge to carbon sequestration where infrastructure is not yet available. According to Morgan Stanley, more than 500 million tonnes per annum (MTPA) of carbon storage capacity is expected to come online within the next five years.

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Bloom’s proprietary high-temperature fuel cell technology converts natural gas without combustion, producing a CO2-rich stream with 15 times lower mass flow and 10 times higher CO2 concentration compared to conventional gas turbines, making the capture process more efficient and cost-effective.

KR Sridhar, Founder, Chairman, and CEO at Bloom Energy, said, “Our partnership with Chart aims to demonstrate that cost-effective, onsite baseload power from natural gas with carbon capture is feasible at scale. Bloom fuel cells generate electricity without combustion, producing a concentrated CO2 stream that lowers extraction costs, making carbon capture more affordable and efficient.”

Jill Evanko, CEO of Chart Industries, added, “Chart is a global leader in carbon capture, and we are excited to bring this expertise to Bloom’s unique platform. We see exciting opportunities in both sequestration and utilization markets, including applications in the food and beverage industry.”

Visit Bloom Energy Carbon Capture to learn more.

About Bloom Energy

Bloom Energy empowers businesses and communities to responsibly take charge of their energy. 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 energy today and a net-zero future. For more information, visit BloomEnergy.com.

About Chart Industries

Chart Industries, Inc. is a global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean™ – clean power, clean water, clean food, and clean industrials. Chart provides technology, equipment, and services related to liquefied natural gas, hydrogen, biogas, and CO2 capture. With 64 global manufacturing locations and over 50 service centers worldwide, Chart maintains accountability and transparency across its operations. Learn more at chartindustries.com.