Daroga Power will deploy 32.5MW of Bloom Energy hydrogen solid oxide fuel cells (SOFC) to produce renewable, clean power at customer sites in California, New York, New Jersey, Massachusetts, Connecticut, and Maryland.
Daroga has stated that approximately 6MW of fuel cells in the portfolio are already operational with the additional fuel cells set to be deployed through the end of 2022.
Bloom Energy will distribute the fuel cells and will additionally maintain the equipment under a long-term maintenance and operation agreement.
Daroga Power, as managing member of RAD Energy Solutions, will oversee operation and financial performance of the fuel cell assets.
Ory Moussaieff, co-founder of Daroga Power, said, “We believe in the power of distributed generation to mitigate the risks that companies face from extreme weather, brownouts and blackouts, and unknown energy costs.
“Fuel cells enable companies to reduce their environmental footprint, while being able to budget for and reduce their energy spend.”
Scott Reynolds, Global Head of Structured Finance and Corporate Development at Bloom Energy, said, “Bloom Energy is excited to partner with RAD, Silicon Valley Bank, and Bank of America to further scale deployment of our solid oxide fuel cell platform.
“A path to net-zero carbon emissions must include partnerships and collaboration with organisations focused on the advancement of a low carbon economy.
“We’re particularly pleased to add Bank of America as a new source of tax equity, and to continue our track record of success with RAD and Silicon Valley Bank.”