Bloom Energy wins Oracle order

Bloom Energy and Oracle expanded a power deal that could put as much as 2.8 gigawatts of Bloom fuel cells next to Oracle’s United States data centers. (bloomenergy.com) The companies said on April 13 that Oracle has already contracted an initial 1.2 gigawatts, with deployment underway now and continuing into 2027 under a master services agreement. (bloomenergy.com) A fuel cell makes electricity through a chemical reaction instead of burning fuel in a turbine. Bloom says its solid oxide systems can run on natural gas, biogas, hydrogen, or blends, and are built for on-site power. (bloomenergy.com; sec.gov) Oracle and Bloom first disclosed this data-center power partnership on October 30, 2025, when Bloom said it would provide on-site solid-state power for Oracle’s artificial intelligence data centers and could power an entire data center within 90 days. (sec.gov; bloomenergy.com) The timing reflects a wider power crunch around artificial intelligence computing. The U.S. Department of Energy said data centers used about 4.4% of total U.S. electricity in 2023 and projected that figure could reach 6.7% to 12% by 2028. (energy.gov) Oracle has been racing to add capacity. In its fiscal third quarter ended February 2026, the company said it brought 400 megawatts of data-center capacity online in one quarter and had secured 10 gigawatts of power for the next three years. (datacenterdynamics.com) Investors treated the agreement as evidence that power supply is becoming part of the artificial intelligence infrastructure trade. Bloom shares closed at $176.67 on April 13, then traded above $200 in premarket trading on April 14, according to market data. (finance.yahoo.com; google.com) The deal also deepens the financial link between the companies. Bloom disclosed in a Form 8-K that it issued Oracle a fully vested warrant on April 9 to buy 3,531,073 shares at $113.28 each, exercisable through October 9, 2026. (sec.gov) Bloom says modular fuel cells can be installed faster than waiting for a new utility interconnection, while critics of gas-fed on-site generation argue that speed does not erase fuel-supply and emissions questions. Oracle’s move shows that, for some artificial intelligence campuses, getting power fast has become as important as getting more chips. (bloomenergy.com; latitudemedia.com)