Oracle Expands Bloom Energy Deal to 2.8GW Fuel Cell Power for AI Data Centers
Oracle has agreed to buy up to 2.8 gigawatts of fuel-cell power from Bloom Energy to fuel its AI data centers, with an initial 1.2GW order following a $400M stock warrant issuance. The deal accelerates on-site power deployment amid AI's massive energy demands, bypassing strained grids. Bloom Energy shares surged 15% on the announcement.
Unlocks gigawatt-scale clean power for AI hyperscalers, solving the biggest bottleneck in the AI arms race.