LSB Industries Turns to Bloom Energy to Build 10 MW Solid Oxide Electrolyzer for Large-Scale Green Hydrogen Production - Working Wire

LSB Industries Turns to Bloom Energy to Build 10 MW Solid Oxide Electrolyzer for Large-Scale Green Hydrogen Production – Working Wire

San Jose, California and Oklahoma City – (work wire) –Bloom Energy (NYSE: BE), a leading energy technology company, and LSB Industries, Inc. (LSB) (NYSE: LXU), North America’s leading producer of industrial and agricultural chemicals, today announced plans to install a 10-megawatt solid oxide electrolyzer at LSB’s Pryor, Oklahoma facility. The project is expected to generate green hydrogen that will contribute to the manufacture of approximately 13,000 metric tons of carbon-free ammonia annually.

Operating with higher efficiencies compared to PEM and alkaline electrolyzer technologies, Bloom Energy solid oxide electrolyzer Uniquely positioned to release clean, low-cost hydrogen on the scale needed for a zero-economy. Bloom Energy’s high-temperature electrolyzer requires less energy to generate hydrogen than the low-temperature electrolyzers on the market today. When integrated with the most energy-efficient high-temperature processes such as ammonia synthesis, which produces additional thermal energy, Bloom’s electrolyzer is up to 30-40 percent more efficient than competing electrolyzer technologies, resulting in less expensive hydrogen to use. end customer. With electricity accounting up to 80 percent From the cost of hydrogen production through electrolysis, large-scale solid oxide electrolysis provides a viable and affordable pathway for hydrogen production. Furthermore, clean hydrogen produced at an LSB facility may qualify for federal incentive programs, such as those currently under evaluation by Congress.

“Achieving a zero-zero future requires clean hydrogen at scale, and the collaboration between Bloom Energy and LSB is a milestone for both green hydrogen production and decarbonization of an industry that is vital to growers and consumers alike,” said Rick Pettel, Vice President. Hydrogen Works, Bloom Energy. “We are excited to collaborate with LSB to provide significant efficiencies in electrolysis, demonstrating that carbon-free fuels are available and accessible today.”

Ammonia is a critical component of agricultural fertilizers, as 80 percent of ammonia production is used to fertilize the crops that will grow the food essential to feeding the world. However, the biological production of ammonia has historically been equal More intense Another hard-to-dilute industrial sector is cement or steel. The installation of a 10 megawatt solid oxide electrolyzer – which will make LSB’s Pryor facility the largest green ammonia production site in North America – will demonstrate hydrogen’s ability to decarbonize ammonia production and other industrial sectors, which are collectively responsible for more than One third of global energy consumption.

ThyssenKrupp, the world’s leading technology, engineering, procurement, construction and service provider to chemical plants, will be involved in the development of the multi-phase project, developing a preliminary engineering design to convert a small portion of the existing conventional (“gray”) ammonia capacity at LSB’s Brewer facility into green ammonia. Bloom Energy will then install, operate and maintain the 10-megawatt electrolyzer at LSB’s Pryor facility, with the goal of hydrogen production starting in 2023.

For more information on Bloom Energy’s Solid Oxide Electrolyzer and the company’s commitment to a carbon-neutral future, visit: www.bloomenergy.com/bloomelectrolyzer.

forward-looking statements

This press release contains certain forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you may select forward-looking statements because they contain words such as “expect,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and will” or the negativity of these words, terms, or similar expressions that relate to Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s expectations regarding cooperation with LSB, including plans to install a solid oxide electrolyzer at LSB’s Brewer facility, integration with exothermic processes to expand green hydrogen generation and related efficiency gains, the availability of any federal clean energy incentives, the expected production dates, feasibility, cost and timing for future hydrogen production, and progress toward any net-zero emissions or decarbonization goals. More information about potential risks and doubts that may affect Bloom’s business are described in Bloom’s periodic reports to the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2021, submitted to the Securities and Exchange Commission on February 25, 2022, and its quarterly report on Form 10-Q for the quarter ending March 31, 2022, filed with the Securities and Exchange Commission on May 6, 2022, as well as subsequent reports filed or filed with the Securities and Exchange Commission from time to time. Bloom assumes no obligation and does not currently intend to update any of these forward-looking statements.

About Bloom Energy

Bloom Energy empowers businesses and communities to take responsibility for their energy. The company’s pioneering solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver today’s low-carbon energy and a zero-zero future. For more information visit www.bloomenergy.com.

About LSB Industries, Inc.

LSB Industries, Inc. Headquartered in Oklahoma City, Oklahoma, we manufacture and sell chemical products for the agricultural, mining, and industrial markets. The company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Prior, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB products are sold through distributors and directly to end customers primarily throughout the United States. The company is committed to improving the world by setting goals that will reduce our environmental impact on the planet and improve the quality of life for all of its employees, and is well positioned to play a major role in reducing global carbon emissions through planned carbon emissions. Extraction and sequestration strategies, carbon-neutral ammonia. Additional information about LSB can be found on its website at www.lsbindustries.com.

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