Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Action/Decarbonization
• Community & Business Inclusion and Resilience
• Corporate Financial Viability
• Renewable Fuels
• Corporate Ethics

Environmental Achievements

• Weighted average avoided global greenhouse gas emissions from our fleet increased by 4.45%. Our 2021 avoided emissions rate was 31.2% vs. grid alternatives.
• Projects saved local health systems throughout the country $16.6 to $37.6 million in estimated health system costs.
• Projects avoided 412 billion gallons of water withdrawals from the power system in drought-stricken California.
• Maintained a 98% recycling rate of materials by weight. Avoided 97 tonnes of hazardous waste through recycling.
• Established an ISO 14001-informed Environmental Management System (EMS).

Social Achievements

• Launched Inaugural Bloom Energy Stars & Strides community run/walk and raised $1.2 million for the Valley Medical Center Foundation.
• 60% ethnically diverse workforce.
• Introduced Contribution Assessment Program to improve employee engagement.
• 21% women representation in the workforce.

Governance Achievements

• Established an ISO 14001-informed Environmental Management System (EMS).
• Hired a new global leader for our corporate ethics and compliance program, and developed a network of Compliance and Ethics Champions.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Fuel shortages
• Energy security issues
• Extreme weather events
• Increased customer interest in renewable fuel options
• Potential for opposing viewpoints on energy transition from stakeholders
• Utility service connection denials or approvals with additional operating conditions
• Potential for heightened risk of regulation and loss of enabling incentives
• Potential for supply chain disruptions due to severe weather events
• Potential for material financial impacts from severe weather events impacting operations, supply chain, or equipment

Mitigation Strategies

• Diversification of customer base and product offerings through partnerships
• Green Notes dedicated to R&D and commercial development of renewable solutions
• Expanded partnership with SK ecoplant
• Strengthened leadership team focused on reputational issues
• Productized disaster preparedness, emergency response and community resilience
• Funded additional community development initiatives
• Commitment to source certified responsibly-sourced natural gas
• Diversification of supplier base
• Development of virtual hybrid work structures
• Investment in microgrid capabilities and utility partnership models
• Skid-mounted, quick-deploy microgrid solutions
• Unique deal structure mitigating climate risk (Power Purchase Agreements)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Global Business Partner Standards and Responsible Sourcing Policy
• Conflict minerals program
• Supplier diversification strategy

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Supply chain disruptions
• Impacts on operations and equipment

Transition Risks

• Market and technology shifts
• Regulatory changes
• Carbon pricing
• Loss of gas access or enabling incentives

Opportunities

• Increased customer interest in resilient, renewable, and zero-carbon power
• Expansion into transportation fuel (electricity and hydrogen)
• Federal and state incentives for biogas, hydrogen, and CCUS projects
• Opportunities for large-scale hydrogen offtake
• Decarbonization of fuel cell projects

Reporting Standards

Frameworks Used: SASB, TCFD, GRI, UN SDGs

Certifications: ISO 14001 (informed EMS), UL (product certifications)

Third-party Assurance: Ramboll (GHG verification); Sustainalytics (Green Bond Second Party Opinion)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Hydrogen electrolyzer
• Hydrogen fuel cells
• Biogas fuel cells
• Carbon capture systems
• Marine fuel cells
• Microgrids

Awards & Recognition

• S&P Global Platts Global Energy Awards: Emerging Technology of the Year (Bloom Electrolyzer)
• Fast Company’s “World Changing Ideas Awards” (ventilator development)

Environmental Metrics

ESG Focus Areas

• Climate Action and Decarbonization
• Climate Risk and Resilience
• Emissions and Air Quality
• Technology and Innovation
• Energy Management
• Product Circularity and Waste Management
• Sustainable Finance
• Water Stewardship
• Environment Management System
• Inclusion, Equity, and Diversity
• Employee Well-being
• Human Capital Management
• Community Impact
• Responsible Supply Chain
• Labor Relations
• Effective Corporate Governance
• Government Relations and Public Policy
• Privacy and Data Security
• Enterprise Risk Management

Environmental Achievements

• 941,889 tonnes of avoided carbon emissions from our projects
• 85.6 tonnes of hazardous waste recycled through our innovative partnerships
• 98% recycling rate for our products continued
• 37.3 billion gallons of water withdrawal avoided from central station power plants nationally

Social Achievements

• 86% of employees strongly agree with the mission of Bloom Energy in our first-ever employee survey
• $311,000 raised through expansion of our Bloom Energy Stars & Strides Community Run/Walk
• 570 new clean energy manufacturing jobs created through our plant expansions in California and Delaware

Governance Achievements

• 64 risks defined, assessed, and ranked through our enhanced enterprise risk management program
• 19 topics identified through our newly updated materiality analysis

Climate Goals & Targets

Environmental Challenges

• Acceleration of renewable or carbon-free energy procurement goals may adversely impact customer demand for natural gas-based systems.
• As the energy transition intensifies, public discourse surrounding energy topics may become politically charged.
• In some jurisdictions, we may be denied requests for utility service connection or may be subject to additional operating conditions. This includes restrictions to natural gas system interconnection.
• We rely on a limited number of third-party suppliers for some of the raw materials and components for our products. Therefore, our supply chain could be disrupted by severe weather events.

Mitigation Strategies

• Finalized a product specification for fuel blending for our existing Energy Server product.
• Sold our first 10MW electrolyzer system to LSB Industries, and have developed electrolyzer manufacturing lines at our newly expanded Fremont, California manufacturing facility and at our Newark, Delaware plant.
• Deepened its partnership with strategic communications firm Edelman.
• Expanded it’s successful San Jose-based Stars and Strides community run to Delaware and furthered outreach to elected leaders through hiring to support plant expansions in both Delaware and California.
• The Bloom policy team is directly engaged with relevant regulatory and policy authorities in key markets to maintain incentive structures, clarify exposure to carbon pricing regimes and regulatory issues associated with gas access.
• Created an internal Sourcing Council designed to mitigate business continuity risk and minimize compliance exposure, and have taken steps over the last several years to diversify our supplier base.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Global Business Partner Standards Policy

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events disrupting supply chain and operations

Transition Risks

• Acceleration of renewable energy adoption impacting demand for natural gas systems
• Increased regulation and potential loss of incentives
• Carbon pricing

Opportunities

• Increased customer interest in reliable, resilient, renewable, and/or zero-carbon baseload power
• Focus on rapid decarbonization in transportation sector

Reporting Standards

Frameworks Used: SASB, TCFD, GRI, UN SDGs

Certifications: ISO 14064-3:2006

Third-party Assurance: Ramboll

Sustainable Products & Innovation

• Packaged Energy Server
• Bloom Electrolyzer
• Hydrogen Fuel Cells
• Microgrids
• Biogas solutions
• Carbon Capture Utilization & Storage (CCUS) solution
• Marine fuel cell systems
• Heat Capture

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Supply Chain Responsibility
• Employee Well-being

Environmental Achievements

• 992,481 tonnes of avoided carbon emissions from our fuel cell projects
• 120,000 tonnes of avoided carbon emissions from our certified gas program
• 3,559 tonnes of material recycled through our repair and overhaul operations
• 99% recycling or reuse of our product materials at end of life
• -790.41 gCO2e/MJ biogas project carbon intensity score validated, the lowest ever recorded by California regulators

Social Achievements

• 66% of our U.S. employees are ethnically diverse
• 10 years of manufacturing excellence in Delaware celebrated
• $337,000 raised through expansion of our Bloom Energy Stars and Strides Community Run/Walk

Governance Achievements

• Physical Climate Risks quantified through our first forward scenario exercise and integrated into our enterprise risk management program

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to severe weather events
• Increased interconnection delays for new energy projects
• Anti-natural-gas sentiment
• Potential loss of certain enabling incentives and carbon pricing
• Physical climate risks impacting operations and supply chain

Mitigation Strategies

• Diversifying supplier base
• Developing quick-deploy energy solutions (Series 10)
• Engaging with stakeholders to address reputational risks
• Conducting forward carbon price risk exposure and physical climate risk assessments
• Investing in microgrid offerings and resiliency options

Supply Chain Management

Supplier Audits: 96% of suppliers responded to conflict minerals survey

Responsible Procurement

• Global Business Partner Standards Policy
• Conflict minerals monitoring
• Forced labor screening

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Wildfires
• Sea level rise
• Supply chain disruptions

Transition Risks

• Market shifts towards renewable energy
• Policy and regulatory changes
• Carbon pricing

Opportunities

• Increased demand for resilient and distributed power solutions
• Growth in hydrogen and biogas markets
• Opportunities for carbon capture utilization and storage (CCUS)

Reporting Standards

Frameworks Used: SASB, TCFD, GRI, UN SDGs

Certifications: Null

Third-party Assurance: Ramboll

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Bloom Energy Server
• Bloom Electrolyzer
• Combined Heat and Power (CHP) systems

Awards & Recognition

• Warrior Friendly Business award