Bloom Energy Corporation · NYSE:BE
Bloom Energy — Investor Presentation (December 2020)
17 slides from Bloom Energy's investor presentation, Dec 4, 2020
Slide 1: Bloom Energy and Maritime Transport
I N V E S T O R P R E S E N TAT I O N BLOOM ENERGY AND MARITIME TRANSPORT 1
Slide 2: Disclaimer
DISCLAIMER This presentation is being made exclusively to qualified institutional buyers (“QIBs”) as defined in Rule 144A (“Rule 144A”) under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The securities described herein have not been and will not be registered under the Securit
Slide 3: Flexibility of Solid Oxide Platform
FLEXIBILITY OF SOLID OXIDE PLATFORM Microgrids Carbon Capture H2 / Electrolyzer EV Charging Cell Maritime Transport Biogas 3
Slide 4: Bloom Energy + Samsung Partnership
BLOOM ENERGY + SAMSUNG PARTNERSHIP Partnership Between Industry Leaders... ...Results in Large Marine Market Opportunity Joint Development Fuel cell industry leader Agreement Share design with customers in 2022 Research & Development Industry leader - Drillships, LNG carriers, FPSO Future-Proof Plat
Slide 5: Opportunity Size
OPPORTUNITY SIZE Vessel Power Ships in Ships on Order LNG Powered Ships LNG Ships Type Requirement Operation in Operation on Order Container Ships1 Up to 100 MW 27 Cargo and 49 Cargo and containerships containerships Bulkers1 10 to 15 MW 46,000+ 4000+ ~250 Tankers ~140 Tankers Tankers1 10 to 40 MW C
Slide 6: Bloom Energy: From Land to Deep Sea
FROM LAND TO DEEP SEA BLOOM ENERGY Proven at Scale 500 MW Deployed 700 sites in US, Japan, India and Korea Fuel Flexible and Future Proof Design Bloom’s platform technology has delivered on emissions and efficiency 6
Slide 7: Maritime Transport Product Fit
MARITIME TRANSPORT PRODUCT FIT Virtually no No Black Carbon or Negligible CO2 SOX & NOx Particulate Matter Methane Slip Efficiency Simple Arrangement Quiet Water Operation and Flexibility Operation Requirement Maintenance Fuel & Emissions Heat Accountability Fuel Compatibility Recovery 7
Slide 8: Market Dynamic
MARKET DYNAMIC AlwaysON • Marine transport significant source of global pollution. Urgency to decarbonize • Regulation expected and targets set • Current approaches rely on incremental improvements in existing technologies • Each new fuel requires substantial changes in Engines, Lubricants etc. • In
Slide 9: Marine sector emissions and world trade
CO2 emissions projected to Many cargo ships still increase by 50%-250% by 2050, use “bunker fuel” despite efficiency improvements of about 40%(1) The Marine sector includes over 50,000 merchant ships Source: https://www.shipmap.org/ and accounts for nearly 90% of world trade 9
Slide 10: Regulatory Change Coming to an Unprepared Eco-System
REGULATORY CHANGE COMING TO AN UNPREPARED ECO-SYSTEM TARGETS OUTLINED Regulation to be issued in 2023 Maritime transport to be included in EU Carbon Emissions Other Targets Emissions Trading System (ETS) By 2030: 40% intensity reduction EEDI for new builds “MEPs largely agree that …the IMO has made
Slide 11: Magnitude of Challenge Ahead
MAGNITUDE OF CHALLENGE AHEAD DNV GL ASSESSMENT Emission Pathway in line with IMO’s GHG strategy Business as Usual Emissions 2008 as Emission Gap Baseline Peak as Intensity: Zero emissions soon as 40% as soon as Possible Reduction possible with this Total: 50% reduction century Intensity: 70% 2008 20
Slide 12: A Time of Uncertainty
A TIME OF UNCERTAINTY • No clear path to meeting IMO requirements • Multiple fuels in the running with no clear winner • Timing of fuel and infrastructure availability for assets with 20-40 year service lifetime • Even more complexity onboard from the various permutations of ICE technology/material
Slide 13: Bloom's Platform Technology
BLOOM’S PLATFORM TECHNOLOGY LNG H2 Hydrogen Carrier reformation Fuel Fuel Cell 13
Slide 14: Futureproof Platform for Optionality
FUTUREPROOF PLATFORM FOR OPTIONALITY IMO 2030 READY IMO 2050 READY ZERO EMISSION AVAILABLE AVAILABLE TODAY TODAY Carbon Capture LNG/Bio LNG LNG/Bio LNG LNG/Bio LNG + H2 (50%) Blend Hydrogen Green Hydrogen from Electrolysis via SOEC LOW RISK OF STRANDED ASSETS 14
Slide 15: Blend Hydrogen at Port Today to Meet or Exceed Emissions Standards
BLEND HYDROGEN AT PORT TODAY TO MEET OR EXCEED EMISSIONS STANDARDS Fueled by Hydrogen LNG H2 and LNG Blend at Port SOEC Generates H2 (or other source) PORT 15
Slide 16: Bloom Energy Approach
BLOOM ENERGY APPROACH • Obtain immediate emissions reductions with Bloom platform for the cleanest and most efficient operation while global supply infrastructure for hydrogen and ammonia develops • Use LNG-hydrogen blend to further improve emissions profile • Upgrade LNG fueled Bloom systems to hyd
Slide 17: Maritime Transport
MARITIME TRANSPORT