![]() ![]() The platform now supports Combined Heat and Power (CHP), improving system efficiency. These systems are known for their efficiency and environmental friendliness.īloom Energy recently launched a new application to enhance the efficiency of its Bloom Energy Server. Source: Sundry Photography / Shutterstockīloom Energy (NYSE: BE) designs, manufactures and sells solid-oxide fuel cell systems. This implies upside of roughly 26% from the current level. However, according to MarketWatch, analysts rate the stock “overweight” with an average target price of around $45 a share. The energy stock has underperformed the market this year, rising just 2.5%. “Green hydrogen - generated by the electrolysis of water using renewable power - will support decarbonization of the refinery’s operations, replacing its current use of ‘grey’ hydrogen generated from natural gas,” the company said in its press release. The HyVal project will be centered around BP’s Castellon refinery and involve the phased development of up to 2GW of electrolysis capacity by the end of the decade. ![]() Recently, BP launched a green hydrogen project in Spain’s Valencia region to transform the area into a leader in green hydrogen production. However, BP’s interests extend beyond the conventional oil and gas domain, with the company displaying enthusiasm for hydrogen technologies. Source: JuliusKielaitis / īP (NYSE: BP), also known as British Petroleum, is a significant oil and gas company based in London. The BP (BP) logo on a sign against a blue sky with clouds ![]()
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