Bloom Energy stock tied to California carbon-capture power plan

California Resources and Bloom Energy announced on November 2, 2026, that they will evaluate solid-oxide fuel-cell power generation paired with carbon capture and storage in California. The companies' announcement describes a non-binding memorandum of understanding rather than a confirmed order.

Potential Customers And Project Scope

The evaluation covers front-of-the-meter projects connected to utility customers and behind-the-meter installations for industrial users. The companies are considering opportunities in Central and Northern California, including projects across California Resources' Central Valley footprint.

Potential offtake customers include utilities, community choice aggregators, municipalities, data centers and other industrial users. Bloom would provide solid-oxide fuel-cell systems and third-party carbon-capture technology, while Carbon TerraVault would contribute carbon dioxide transportation and permanent-storage capabilities.

California Resources said the contemplated projects could make up to 3 million metric tons of carbon dioxide per year available for capture and permanent storage. The companies say Bloom's non-combustion technology creates a concentrated carbon dioxide exhaust stream that could make capture more efficient and cost-effective at scale.

Commercial Milestones Remain Ahead

The memorandum does not establish a binding customer contract, delivery schedule or revenue contribution for Bloom. The projects remain subject to definitive agreements, final investment decisions, interconnection work, financing and permits, including EPA Class VI approvals.

Bloom Energy stock traded at 183.40 euros on Lang & Schwarz at 13:03 CET on Thursday, November 12, 2026. The strategic opportunity broadens the potential use of Bloom's platform, but execution and commercial timing remain dependent on customer commitments and regulatory progress.

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Further developments will depend on customer commitments, project approvals and financing decisions. See More news and analyses on Bloom Energy stock.