Bloom Energy (NYSE:BE) saw its stock surge 15% following news of a collaboration with Oracle (NYSE:ORCL) to supply onsite power for Oracle Cloud Infrastructure (OCI) data centers across the U.S.
Under the partnership, Bloom will deploy its fuel cell technology at selected OCI facilities, capable of delivering highly reliable, cost-effective power for an entire data center within just 90 days. This rapid deployment is designed to meet growing demand for Oracle’s AI and cloud services.
“Customers expect to run their AI workloads and new AI applications at peak performance. Bloom’s fuel cell technology will join OCI’s extensive energy portfolio, further supporting our cutting-edge AI infrastructure with reliable, clean power that can be quickly deployed and easily scaled,” said Mahesh Thiagarajan, Executive Vice President of Oracle Cloud Infrastructure.
Bloom’s fuel cells offer clean energy with nearly zero air emissions and no water consumption, aligning with Oracle’s sustainability objectives. These systems will play a crucial role in supporting Oracle’s expansion plans for large-scale AI processing.
This deal expands Bloom Energy’s roster of data center clients, which includes Equinix (NASDAQ:EQIX), American Electric Power (NASDAQ:AEP), and Quanta Computing. So far, Bloom has installed more than 400 MW of power capacity globally for data centers.
The collaboration marks a major milestone for Bloom Energy as demand surges for fast, reliable power solutions in the booming AI infrastructure market.
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