"Aerospace engineer KR Sridhar always dreamed big: He used to work with NASA on technology to convert carbon dioxide into oxygen to support life on other planets or let humans breathe air on Mars. But as the Soviet Union fell and the space race slowed, Sridhar pivoted to providing clean energy technology for the rising global middle class. He cofounded Ion America in 2001-renamed Bloom Energy five years later-with a focus on fuel cells that deliver cleaner, on-site, off-grid power."
"Bloom's stock price has spiked 1,000% in 12 months-its market cap is now about $28 billion, up from $2.5 billion a year ago. The company has signed big data center deals with Oracle, American Electric Power (AEP), Equinix, and Brookfield Asset Management, the latter of which is a $5 billion partnership announced Oct. 13 to power AI factories globally, including Europe."
KR Sridhar worked with NASA on converting carbon dioxide into oxygen for other planets, then shifted to clean energy as the space race slowed. He cofounded Ion America in 2001, renamed Bloom Energy in 2006, to develop fuel cells delivering cleaner, on-site power. Fuel cells can bring power to data centers in months rather than years by avoiding turbine backlogs and grid interconnection queues. Bloom's market value rose about 1,000% in a year to roughly $28 billion after large deals with Oracle, AEP, Equinix, and Brookfield. On-site fuel cells bridge current gaps while renewables, batteries, gas, and nuclear scale for AI-driven demand.
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