"FedEx understands the importance of leading in areas of innovation such as energy. Bloom Energy is a pioneer in distributed energy, the concept behind the next paradigm shift in how industry could be powered."
Value Statement: FedEx Collaborates With Bloom Energy to Enable Cleaner, More Reliable, More Affordable Power at Key Hub
Objective: The project is expected to achieve a return on investment in five years and reduce carbon dioxide emissions about 30 percent.
Headquarters: Memphis Tennessee
Bloom Installation: 500kW February 2010 Oakland, CA
FedEx invented an industry. With outside-the-box thinking, Chairman Frederick W. Smith’s bold vision of shipping changed the world and still drives the company’s commitment to embracing and implementing strategic innovation. From the company’s early adoption of the web, to its significant commitment to alternative energy, FedEx maintains its vision of creating and ensuring the future by embracing new technology today.
Distributed energy means technology designed to generate electricity closer to where it is used, saving money, increasing dependability and protecting the environment. Bloom Energy’s solid oxide fuel cell is on the cutting edge of this new frontier in energy. What the technology means for FedEx is the opportunity to couple the solar power already driving its Oakland Hub with fuel cells, to meet energy demands more dependably, affordably, and sustainably, 24/7.
FedEx chose its Oakland Hub for an initial 500kW installation. The project is expected to achieve a return on investment in five years and reduce carbon dioxide emissions about 30 percent.