Westinghouse, Bloom Energy Collaborate To Pursue Clean Hydrogen Production

• Westinghouse Electric Company and Bloom Energy Corp (NYSE:BE) entered a Letter of Intent to pursue clean hydrogen generation in the commercial nuclear power sector. 
• The companies collaborate to identify and implement clean hydrogen projects throughout the nuclear industry.
• The parties will jointly develop an optimized and large-scale high-temperature integrated electrolysis solution for the nuclear industry.
• “We are proud Westinghouse has turned to Bloom and our solid oxide technology to supercharge the clean hydrogen economy,” commented Rick Beuttel, VP, hydrogen business, Bloom Energy. 
• The hydrogen produced in nuclear plants can be used to serve many industries. The companies also are well-positioned to support the U.S. Department of Energy’s developing hydrogen hubs.
• Price Action: BE shares are trading higher by 3.46% at $18.85 on the last check Monday.