GlobalData offers a comprehensive analysis of Bloom Energy, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Bloom Energy‘s ESG performance. GlobalData’s company profile on Bloom Energy offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Bloom Energyoration, a California-based energy company, has set a net-zero target for its operations. The company has taken steps to reduce emissions, including investing in carbon capture and sequestration. Bloom Energyoration's latest filings mentioned the keywords 'Emissions' and ‘Carbon’ most number of times in relation to 'Net Zero'.
As per the report, the company’s global Scope 1 Emissions was 1,758,296 and scope 2 7,267 Metric Tonnes CO2e in 2022. The company's Scope 3 avoided emissions from certified gas was 50,000 Metric Tonnes CO2e in 2022. Bloom Energyoration has taken steps to reduce emissions, including supporting an extension of the Section 45Q tax credit.
Reducing methane emissions from oil and gas operations is among the most viable and significant actions Bloom Energyoration can take in the near-term to help address climate change. Methane is a powerful greenhouse gas and leakage from the oil and gas industry contribute over 84 million metric tonnes of methane to global emissions each year. While progress has been made over recent decades to curb methane emissions, 75% of these emissions from oil and gas production can technically be eliminated today, many at no cost. Achieving methane reductions stemming from the oil and gas sector is the carbon equivalent of replacing 60% of the world’s coal-fired power plants with zero-emissions generation.
In conclusion, Bloom Energyoration is in the process of evaluating its climate-related impacts and developing targets that align with a net-zero future. The company is actively sending a market signal to upstream gas producers to enhance their performance through its offtake of certified gas attributes. As the company continues deploying an increasing number of front-of the-meter solutions and expand to regions focused on a move toward gas, it can help displace coal generation as a cleaner baseload option.