The Kraft Group Scores a Touchdown for Sustainability with the Addition of Bloom Energy Servers to the Clean Energy Lineup Po...
July 27 2020 - 9:00AM
Business Wire
The Kraft Group has added to its portfolio of clean energy
solutions powering Gillette Stadium with the introduction of fuel
cell technology from Bloom Energy (NYSE: BE).
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200727005105/en/
Bloom Energy Servers powering Gillette
Stadium in Foxborough, Mass. (Photo: Business Wire)
Gillette Stadium is the region’s premier sports and
entertainment venue and home to the New England Patriots and New
England Revolution. The stadium attracts New England’s largest
summer concerts, hosts an array of other sporting events and
operates with office and function space that is utilized
year-round. Bloom Energy Servers provide the stadium with two
megawatts of power, supplying nearly 50 percent of the 65,878-seat
stadium’s energy needs.
The Energy Servers are composed of solid oxide fuel cells and
generate electricity without combustion using a highly efficient,
electrochemical process. The use of Bloom Energy Servers is
expected to reduce nearly 1,500 metric tons of CO2 each year.
The Kraft Group has already implemented several other clean
energy and energy efficiency measures, including 500 kilowatts of
combined heat and power at Gillette Stadium and one megawatt of
solar panels throughout Patriot Place.
“Professional sports teams have the ability to leverage their
visibility and following to drive social impact in the communities
that support them,” said Dan Middleton, SVP of Americas at Bloom
Energy. “The Kraft Group is leading the charge for sustainability,
minimizing its own environmental impact by utilizing all available
technologies, and serving as a role model for other organizations
to follow.”
“Good business and sustainability go hand in hand,” said Jim
Nolan, COO of Gillette Stadium. “The addition of Bloom Energy
Servers provides power that is not only clean, but also reliable
and always-on for stadium-goers and the community.”
The Bloom Energy Servers were installed in a microgrid-ready
configuration, allowing the stadium to easily upgrade to a
microgrid. A microgrid is a localized power grid that can
disconnect from the traditional grid to operate autonomously.
Bloom’s AlwaysON Microgrid solution provides enhanced resiliency in
the face of grid outages and extreme weather events along with
predictable energy costs. Planning for the future in this way
aligns with the Kraft Group’s goal for Gillette Stadium to be the
first stadium in the world to operate independently of the
traditional electric grid.
Bloom Energy Servers also power the Honda Center, SAP Center,
and STAPLES Center sporting arenas.
About The Kraft Group
The Kraft Group, headquartered in Foxborough, Massachusetts, is
the holding company for the Kraft family’s many businesses, with
concentrated interests in the following areas: the distribution of
forest products, paper and packaging manufacturing, sports and
entertainment, real estate development, as well as private equity
and venture investing. Together, the Rand-Whitney Group and
International Forest Products conduct business in more than 100
countries and form one of the largest privately-owned paper,
packaging and distribution companies in the world, trading more
than 4 million tons of pulp and paper grades annually. For more
information, visit www.thekraftgroup.com.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy
affordable for everyone in the world. The company’s product, the
Bloom Energy Server, delivers highly reliable and resilient,
always-on electric power that is clean, cost-effective, and ideal
for microgrid applications. Bloom’s customers include many Fortune
100 companies and leaders in manufacturing, data centers,
healthcare, retail, higher education, utilities, and other
industries. For more information, visit www.bloomenergy.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of the federal securities laws that involve risks and
uncertainties. Words such as “anticipates,” “could,” “expects,”
“intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,”
“can,” “may,” “will,” “would” and similar expressions identify such
forward-looking statements. Forward-looking information includes,
among other things, statements concerning the extent of Bloom
Energy Server installation’s anticipated environmental impact.
These statements should not be taken as guarantees of results and
should not be considered an indication of future activity or future
performance. Actual events or results may differ materially from
those described in this press release due to a number of risks and
uncertainties, including those included in the Risk Factor section
of the Company’s Annual Report on Form 10-K for the year ended
December 31, 2019, most recent Quarterly Report on Form 10-Q and
other risks detailed in Bloom’s SEC filings from time to time.
Bloom undertakes no obligation to revise or publicly update any
forward-looking statements unless if and as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200727005105/en/
Erica Osian PR Manager, Bloom Energy (401) 714-6883
erica.osian@bloomenergy.com Stacey James VP of Media Relations, the
Kraft Group (508) 326-6868 staceyj@thekraftgroup.com
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