Bloom to Install First High-Rise Fuel Cell for Morgan Stanleyby
System to have 750 kilowatts of capacity when complete in 2016
Project is Bloom's second fuel-cell deal with Morgan Stanley
Bloom Energy Corp., a manufacturer of fuel-cell power plants, agreed to install a 750-kilowatt system at Morgan Stanley’s headquarters in New York City.
When complete this year, it will be Bloom’s first installation in a high-rise office tower, the Sunnyvale, California-based company said in a statement Tuesday. It’s the second one for Morgan Stanley, which had a Bloom system installed at its offices in Purchase, New York, in 2014. Terms weren’t disclosed.
New York State is providing renewable energy tax credits for the fuel cell power plant, which converts natural gas into electricity through a chemical process that’s cleaner and more efficient than combustion. Bloom has more than 200 projects in the U.S. and Japan, including 10 in operation in New York state.
“This project in the heart of Manhattan demonstrates how clean distributed energy can be deployed onsite, even in urban areas,” KR Sridhar, Bloom’s co-founder and chief executive officer, said in the statement.