Bloom Energy is partnering with Shell to explore decarbonization solutions, utilizing Bloom’s proprietary hydrogen electrolyzer technology. The companies will collaborate with the goal of developing replicable, large-scale, solid oxide electrolyzer (SOEC) systems that would produce hydrogen for potential use at Shell assets.
Bloom’s SOEC technology can produce clean hydrogen at scale to augment or replace existing fossil fuel-powered “grey” hydrogen supplies produced at refineries by high carbon dioxide-emitting steam-methane reformation. Clean or “green” hydrogen is produced from water electrolysis, using renewable energy, essentially eliminating greenhouse gas emissions.
In February 2024, Hexicon AB signed a sales and purchase agreement to take full ownership of MunmuBaram Co., Ltd. from its joint venture partner Shell Overseas Investments B.V. Under the agreement, Hexicon AB will increase its stake in the project from 20 per cent to 100 per cent, increasing the project portfolio by 900 MW. The completion of the transaction is subject to regulatory approval.
