Energy & Science
Bloom Energy Surges After Expanding Into Hydrogen Production
- Company will sell electrolyzer machines, starting in Korea
- Rival Plug Power announced similar electrolysis move in June
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Bloom Energy Corp. soared the most in more than three months after the fuel cell maker announced plans to jump into the hydrogen market.
San Jose, California-based Bloom plans to start selling electrolyzers, machines that generate hydrogen from water, next year, according to a statement Wednesday. When powered by electricity from solar or wind facilities, the devices can create the fuel without greenhouse gas emissions. Currently, most hydrogen is produced from natural gas.