Wall St Engine(@wallstengine):BLOOM ENERGY $BE & CALIFORNIA RESOURCES SIGN DEAL TO EXPLORE 1 GW+ OF POWER GENERATION IN CALIFORNIA The companies signed a non-binding MOU to develop solid-oxide fuel cell projects paired with carbon capture and storage. Bloom would supply its fuel cell technology, while CRC's Carbon TerraVault would provide CO2 transportation and permanent storage. The projects, being considered in Central and Northern California, could serve data centers, utilities and industrial customers. The companies estimate up to 3 million metric tons of CO2 annually could be available for capture and storage. Development remains subject to final agreements, investment decisions and regulatory approvals.

2026.11.02 21:48

BLOOM ENERGY $BE & CALIFORNIA RESOURCES SIGN DEAL TO EXPLORE 1 GW+ OF POWER GENERATION IN CALIFORNIA The companies signed a non-binding MOU to develop solid-oxide fuel cell projects paired with carbon capture and storage. Bloom would supply its fuel cell technology, while CRC's Carbon TerraVault would provide CO2 transportation and permanent storage. The projects, being considered in Central and Northern California, could serve data centers, utilities and industrial customers. The companies estimate up to 3 million metric tons of CO2 annually could be available for capture and storage. Development remains subject to final agreements, investment decisions and regulatory approvals.