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SK Ecoplant Expands Partnership with Bloom Energy, Secures 500MW Energy Servers and $566M Investment.

SK ecoplant, a unit of South Korean conglomerate SK Group, has signed an additional 500MW of Energy Servers from US-based Bloom Energy through 2027. The agreement extends the initial term from 2024 to 2027 and involves a recommitment of about 250MW from the 2021 agreement with an additional 250MW under this agreement. Bloom Energy anticipates that the transaction will bring in about $1.5bn in product revenue and $3bn in service income over the next 20 years. Both companies have solidified their market positions in the production of electricity and the global hydrogen economy through their strategic cooperation since 2018. SK Ecoplant is also investing in Bloom Energy with a $566m financial investment and a 10% ownership stake in the company.

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