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Bloom Energy Expands Global Footprint with Additions of Industry Veterans and New International Office
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Bloom Energy Expands Global Footprint with Additions of Industry Veterans and New International Office
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Bloom Energy Expands Global Footprint with Additions of Industry Veterans and New International Office
Bloom Energy (NYSE: BE) today announced the appointment of international leadership to strengthen its global expansion efforts, enhance competitive positioning and support deployment of its fuel-flexible, clean energy technology. The company also announced the opening of a new office in Dubai, United Arab Emirates that will serve as a strategic global anchor to help organizations around the world reduce carbon emissions, enhance resiliency and chart a path toward a net-zero carbon future.
The new appointments are pursuant to Bloom Energy’s strategic growth plan previously disclosed during its 2020 Analyst Day and intended to unlock value by sharpening focus on new global markets and to position the company for profitability and growth.
The company made clear, however, that no offers for the entire turbine business unit have been received.
Senvion did not detail which parts may find a buyer.
Earlier this month, the manufacturer announced that it would turn its Indian subsidiary into “an independent standalone operational business unit”, which could have been a first step towards selling the Indian unit outright.
The company now is entering final stages of the M&A process and will present the investor concepts to a creditors assembly for a vote on 10 September 2019.
“For the past months, we have been committed to finding the best possible outcome for the company in this difficult situation. We are now close to having a solution for significant core parts of the business,” chief executive Yves Rannou said.