BUZZ - Bloom Energy shares rise due to partnership with California Resources Corporation

November 3 - ** Shares of US fuel cell manufacturer Bloom Energy (BE.N) rose 6% in pre-market trading to $208.17

** The company signed an agreement with California Resources Corporation (CRC.N) (link), aiming to develop fuel cell power generation projects of 1 gigawatt and above in California, in combination with carbon capture and storage technology

** This collaboration aims to serve data centers, utilities, and industrial clients

** Related projects are expected to capture and permanently store up to 3 million tonnes of carbon dioxide annually

** Jefferies believes that the cooperation with CRC and the potential 1 gigawatt project opportunity will be an important growth driver, allowing Bloom to expand its clean energy business to large-scale projects in California

** As of the last trading day’s close, BE’s share price has more than doubled so far this year

(To assist non-native English speakers, Reuters has automated translation of its reports into several other languages. Automated translation may contain errors or lack necessary context, so Reuters does not guarantee the accuracy of the automated translation. The automated translation is provided solely for readers’ convenience. Reuters does not accept liability for any damages or losses arising from the use of the automated translation function.)