JP Morgan Chase shows favor for hydrogen fuel cells

October 25, 2013 0 By Angie Bergenson

Hydrogen fuel cells continue to attract commercial attention

Bloom Energy, a leading developer of hydrogen fuel cells, has announced that JP Morgan Chase has become its latest customer. The company has been seeing significant commercial progress in recent years as large firms begin showing more interest in hydrogen fuel cells and renewable energy in general. Many of these firms have turned to Bloom Energy in order to become more accommodating of renewable energy. Apple is another company that has turned to Bloom Energy and now uses the company’s fuel cells to power its data center in Maiden, North Carolina.

Bloom Energy finding more success in the commercial sector

Along with welcoming JP Morgan Chase as its newest commercial customer, Bloom Energy has also announced that it will be hiring for more than 100 new jobs through the coming months. Many of these will be engineering jobs that will be vital to the continued growth and success of Bloom Energy. The company is one of the few in the fuel cell industry that have managed to find any significant level of commercial success, but this success has yet to translate into significant profits.

Hydrogen Fuel Cells - JP Morgan ChaseHydrogen fuel cell to power data center

JP Morgan Chase has announced that it will be installing a 500 kilowatt hydrogen fuel cell from Bloom Energy at its Morgan Christiana site, which is home to one of the company’s data centers. The data center will receive some of its electrical power from Bloom’s Bloom Boxes, which are stationary hydrogen fuel cells that can produce electrical power without having to be connected to an existing energy grid.

New manufacturing center opens in Delaware

Bloom Energy recently celebrated the opening of a new manufacturing center in Newark, Delaware. Plans for this manufacturing facility were first revealed in 2011 and ground was broken on the facility in 2012. The facility is responsible for manufacturing some of the components that go into making the company’s hydrogen fuel cells and currently boasts of more than 80 employees. Another 70 jobs are expected to be filled within the coming months.

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