Bloom Energy to supply Oracle AI data centres

Bloom Energy said Oracle plans to buy up to 2.8 gigawatts of its fuel cells to power United States artificial intelligence data centers. (bloomenergy.com) The companies announced the expanded agreement on April 13, 2026. Bloom said Oracle has already contracted an initial 1.2 gigawatts, with deployment underway and continuing into 2027. (bloomenergy.com; finance.yahoo.com) Bloom’s shares closed at $176.67 on April 13 and traded at $203.90 after hours, a gain of 15.41%, after the Oracle announcement. (google.com; stockanalysis.com) The deal adds on-site generation to Oracle’s cloud build-out as data centers chase power that can be installed faster than new grid connections. Bloom said its modular systems are aimed at “time-to-power” and can be deployed faster than traditional power projects. (bloomenergy.com) Fuel cells make electricity through an electrochemical reaction instead of burning fuel in a turbine. Bloom says its systems can run on natural gas, biogas, hydrogen, or blends, with lower emissions than combustion-based generation. (sec.gov) That matters for artificial intelligence campuses because they need dense, steady power close to the servers. Bloom said its platform is built for “load-following” demand and higher-density computing, including emerging 800-volt direct-current standards. (bloomenergy.com) Oracle and Bloom had already tied the partnership to artificial intelligence infrastructure before this week’s expansion. In an October 28, 2025 filing, Bloom said the companies were working together to provide on-site solid-state power for artificial intelligence data centers, and Bloom later issued Oracle a warrant for up to 3,531,073 shares at $113.28 each. (sec.gov; bloomenergy.com) Bloom said it delivered a fully operational system to Oracle in 55 days last year, ahead of a 90-day schedule. The new agreement turns that earlier pilot into a larger supply plan measured in gigawatts rather than single-site deployments. (bloomenergy.com) For Bloom, the Oracle order gives a concrete customer for a market it has been pitching for months: artificial intelligence data centers with power needs that utilities cannot always meet on the usual timetable. For Oracle, it is one more way to lock in electricity before new cloud capacity comes online. (sec.gov; bloomenergy.com)