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0 -0.00298507462686571 -0.00298507462686571 -0.00298507462686571 -0.00358208955223873 -0.00885970149253724 0.0119402985074626 0.0229850746268658
Stock impact report

Hydrogen Startup Raises $198 Million for Plants to Produce Green Fuel [Business News Network (BNN) (Canada)]

Bloom Energy Corporation Class A (BE) 
Last bloom energy corporation class a earnings: 11/7 04:26 pm Check Earnings Report
B funding round, as investors bet on a future powered by the climate-friendly fuel. Electric Hydrogen, based outside Boston, designs plants that will extract hydrogen from water using renewable energy, a process that releases no carbon into the atmosphere. While other companies, including Bloom Energy Corp. and Cummins Inc., sell machines that handle this task, known as electrolyzers, Electric Hydrogen will provide the entire plant. Chief Executive Officer Raffi Garabedian said this is key to boosting efficiency and cutting costs.The plants, which the company has not yet deployed in the field, will each require 100 megawatts of electricity and will be able to produce as much as 48 tons of hydrogen per day, depending on the source of electricity. Customers that want more output can order another plant. “We're able to condense all the infrastructure into a much smaller footprint, and that reduces the cost,” Garabedian said in an interview. Fifth Wall Climate Technology Fund led th Show less Read more
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