Bloom Energy and California Resources Evaluate 1 GW Fuel Cell Power with Carbon Capture in California

Bloom Energy and California Resources have signed a non-binding agreement to evaluate at least 1 gigawatt of solid-oxide fuel-cell power generation paired with carbon capture and storage in California. The projects would use Bloom's fuel cells and third-party carbon capture technology, with Carbon TerraVault handling CO2 transport and permanent storage. Potential sites are in Central and Northern California, including front-of-the-meter installations for utilities and behind-the-meter systems for industrial users in the Central Valley. The companies are talking to utilities, community choice aggregators, municipalities, data centers, and other industrial customers about offtake agreements. If developed, the projects could capture up to 3 million metric tons of CO2 per year. However, the memorandum is non-binding and does not create an order for Bloom. Definitive agreements, final investment decisions, interconnection, permitting, and EPA Class VI approvals all remain ahead, so revenue timing is uncertain. For now, the announcement is strategic. It broadens Bloom's potential role in integrated power and carbon-management projects, but the real test is whether customers sign up and whether the projects clear regulatory and financing hurdles.