Conagra Embraces Bloom Energy's Fuel Cells To Power Ohio Operations

Food company Conagra Brands Inc CAG announced on Tuesday it is teaming up with Bloom Energy Corp BE to integrate advanced fuel cell technology at two of its Ohio manufacturing plants.

The initiative, established through a 15-year power purchase agreement (PPA), aims to deliver clean, combustion-free electricity while reducing emissions.

The partnership will see Bloom Energy’s fuel cells deployed at Conagra's production sites in Troy and Archbold, Ohio. This installation, with an estimated six-megawatt capacity, is expected to supply 70% to 75% of the electricity needed at these facilities.

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“We are committed to channeling our operational efficiency efforts into strategic areas where we can make a significant impact across our production process. We expect Bloom’s fuel cells to provide cleaner and reliable power at our Troy and Archbold facilities,” said Christine Daugherty, vice president of sustainability at Conagra Brands.

A major advantage of combination is the anticipated 19% decrease in greenhouse gas emissions at both locations. This initiative supports Conagra's long-term sustainability objectives for 2030.

Unlike traditional methods, Bloom's system eliminates pollutants like nitrogen oxides, carbon monoxide, and fine particulate matter.

Complementing this clean energy initiative, Conagra has established a $9 million Sustainability Capital Allowance program.

The fund is dedicated to advancing sustainability across the company's supply chain by investing in energy-efficient technologies, modernizing operations, and reducing the environmental footprint of its production facilities.

Price Action: CAG shares traded higher by 0.22% at $26.73 in premarket at last check Tuesday.

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