Bloom Energy, SK ecoplant extend terms of preferred distributor agreement

Bloom Energy and SK ecoplant announced they have extended the terms of the preferred distributor agreement, or PDA, the companies signed in 2021. SK ecoplant has committed to purchase 500 megawatts, or MW, of Energy Servers from Bloom Energy through 2027. The transaction is expected to generate approximately $1.5B in product revenue and $3B of service revenue over 20 years for Bloom Energy. The agreement extends the initial term from 2024 to 2027 and includes a recommitment of approximately 250 MW from the 2021 agreement with an additional 250 MW under this agreement.