"State of play: Bloom Energy makes shipping container-sized fuel cell units that generate power with natural gas through a chemical reaction instead of combustion. It has signed major deals with key players across the AI and energy landscape over the last year and a half. They include Oracle, utility AEP and Brookfield, a leading financier and owner of data center assets."
"The stock price surged late Thursday after its earnings beat investor expectations earlier in the day. "We went from zero hyperscalers directly talking to us to pretty much every hyperscaler talking to us," Bloom Energy co-founder and CEO KR Sridhar said in an interview during last month's World Economic Forum in the Swiss mountain town of Davos. The sudden interest in the San Jose-based company reflects how unusual the moment is for a firm that spent years pitching fuel cells to a market that largely wasn't listening."
Bloom Energy produces shipping container-sized fuel cell units that generate power from natural gas via chemical reaction rather than combustion. The company signed major deals with Oracle, utility AEP and Brookfield, and saw intense interest from hyperscalers over the past year and a half, driven by growing AI-related power needs. The stock jumped after an earnings beat, reflecting heightened market enthusiasm. Company leadership reported a surge in inbound inquiries and selective engagement with partners. Bloom Energy has a 25-year history, earlier clean-energy positioning, national attention in 2010, and past governance and disclosure controversies including a notable 2018 IPO filing disclosure.
Read at Axios
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