Provider of solid oxide fuel cell technology Bloom Energy introduced a new leasing program in partnership with Bank of America Merrill Lynch for business customers to finance its fuel cells projects.

The bank will finance two projects, one at the TaylorMade-adidas Golf Company plant in Carlsbad, and the other at Anaheim’s Honda Center. To power their facilities, both companies will install Bloom Energy’s fuel cell technology at their buildings.

Bloom Energy chief financial & commercial officer Bill Kurtz said, "This program demonstrates the value in Bloom Energy’s technology for customers and organizations looking for ways to invest and support the transition to a clean energy future."

The agreement is part of Bank of America’s $50bn environmental business initiative.

TaylorMade-adidas Golf facilities director Andy Stenz said, "The Bloom project enhances our operations and reduces our carbon emissions while we remain focused on our main goal to deliver innovative high performance products."