Southern California Gas Company (SoCalGas) and Bloom Energy announced the powering of a portion of Caltech's grid with an innovative hydrogen project that demonstrates how hydrogen could potentially offer a strong solution for long-duration clean energy storage and dispatchable power generation. The project showcases how leveraging existing infrastructure with electrolyzers and fuel cell technology may be able to create microgrids that deliver resilient power and can help to safeguard businesses, communities, and campuses from power disruptions. If developed at scale, this technology may help further California Governor Gavin Newsom's recent strategic initiatives to develop a hydrogen economy.

Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, investigations, inquiries, regulations, denials or revisions of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other governmental and regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where company do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining third-party consents and approvals; macroeconomic trends or other factors that could change capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitrations and other proceedings, and changes to laws and regulations, including those related to tax and trade policy; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on systems or the systems of third parties with which company conduct business, including the energy grid or other energy infrastructure, all of which continue to become more pronounced; the availability, uses, sufficiency, and cost of capital resources and ability to borrow money on favorable terms and meet obligations, including due to (i) actions by credit rating agencies to downgrade credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; failure of counterparties to honor their contracts and commitments; the impact on affordability of customer rates and cost of capital and on ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and the ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, disasters, attacks, attacks, equipment failures, attacks, disasters, attacks, attacks and security, information system outages or other events that disrupt operations, damage facilities or systems, cause the release of harmful materials or fires or subject to liability for damages, fines and royalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact the ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to identify the potential to reduce the potential to acquire new technologies.