Business Wire | Jul 29, 2020 03:35PM EDT

Bloom Energy Affirms Its Comments on NextEra Energy Resources Relationship

Jul. 29, 2020

SAN JOSE, Calif.--(BUSINESS WIRE)--Jul. 29, 2020--Bloom Energy Corporation (NYSE: BE) today reaffirmed its comments on its relationship with NextEra Energy Resources, LLC and offered the following comment:

On our last earnings call, we disclosed that NextEra and Bloom had entered into a new business relationship and we described their company as a 'financing partner.' NextEra purchased a six megawatt (MW) fuel cell project on Long Island from Bloom. As set forth in our periodic financial reports and consistent with our past practice, Bloom uses the term 'financing partner' to refer to the purchaser of our fuel cells for use by an end consumer. In addition, NextEra contacted us recently to discuss future collaborations, which resulted in our two companies being actively engaged in discussions regarding several future projects.

The statements we made on our earnings call were true and accurate in all respects.

About Bloom Energy

Bloom Energy's mission is to make clean, reliable energy affordable for everyone in the world. The Company's product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom's customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.

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CONTACT: Investor Relations: Mark Mesler Bloom Energy +1 (408) 543-1743 Mark.Mesler@bloomenergy.com

CONTACT: Media: Erica Osian Bloom Energy +1 (401) 714-6883 Erica.Osian@bloomenergy.com