Softbank, Bloom Complete Fuel Cell Power Plant in Japan

Softbank Corp. (9984), the Japanese majority owner of Sprint Corp. (S), and Bloom Energy Corp. finished their first joint fuel-cell project.

The project at SoftBank’s M-Tower in Fukuoka, Japan, is the result of a joint venture the companies formed in July, Sunnyvale, California-based Bloom said today in a statement.

The 200-kilowatt system is also the first international project for Bloom, which has more than 100 megawatts of fuel cells installed in the U.S. for clients such as Google Inc. and Wal-Mart Stores Inc.

Bloom’s fuel cells produce electricity from natural gas through a chemical reaction that emits less carbon dioxide than power plants that burn gas, according to its website. The systems also may reduce blackouts, like those that occurred in Japan after the March 2011 Fukushima nuclear disaster, because they don’t rely on a centralized power grid.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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