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Bloom Energy is now offering companies 10-year electricity contracts for its Bloom Box fuel cells, without an upfront payment for the Bloom Box itself, which can cost up to $800,000.
Companies like Walmart, Staples, Coca-Cola, Caltech, Kaiser Permanente and BD have already signed up for the program called "Bloom Electrons" that promises cleaner electricity at prices lower than standard power from the grid. Lux Research has done the math and figured with government incentives and subsidies, the cost of electricity from a Bloom Box over ten years would come out to $0.08/kWh to $0.10/kWh compared to the average retail electricity costs of about $0.11/kWh, but in states without heavy subsidies, the costs would be more expensive at $0.13/kWh to $0.14/kWh.
The Bloom Box fuel cell uses methane from natural gas or biogas to produce electricity. Check out our previous posts on Bloom Energy for all the details.
via Giga Om Hits: 12551
Comments (6)
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written by Pete, January 24, 2011
$0.08/kWh compared to $0.11/kWh is a 28% savings. That is pretty signficant.
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written by solar panels for your home, January 25, 2011
Any chance this could be done in the UK ?
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written by MM, January 25, 2011
Natural gas (methane) can be renewable if it's biogas. You're still emitting carbon, but the whole process can be carbon-neutral.
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written by g2environmental, January 26, 2011
Let's just see the results.
Tags: environment, oil, lubricant, engine, energy, technology, industrial lubricants
Tags: environment, oil, lubricant, engine, energy, technology, industrial lubricants
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Also its using natural gas which is non-renewable.