Bloom Energy ties to Oracle

Bloom Energy said Oracle plans to buy up to 2.8 gigawatts of its fuel-cell systems for United States data centers, sending Bloom shares sharply higher. (bloomenergy.com) The companies said on April 13 that Oracle has already contracted an initial 1.2 gigawatts, with deployment underway in the United States and continuing into 2027. Bloomberg reported the power is for Oracle facilities handling artificial-intelligence work. (bloomenergy.com) (bloomberg.com) Bloom’s systems are fuel cells that generate electricity on-site, so data-center operators do not have to wait for a full grid connection before adding computing capacity. Bloom said Oracle used that model last year, when Bloom delivered a working system in 55 days against a 90-day target. (bloomenergy.com 1) (bloomenergy.com 2) Oracle and Bloom first announced their data-center power partnership on July 24, 2025, saying Bloom would supply on-site power to select Oracle Cloud Infrastructure facilities within 90 days. The new agreement expands that earlier arrangement from individual sites to a master services agreement covering as much as 2.8 gigawatts. (bloomenergy.com 1) (bloomenergy.com 2) The deal lands as cloud companies race to secure electricity for artificial-intelligence servers, which draw far more power than traditional web workloads. Bloom said its fuel cells are designed for “load-following” service, meaning output can rise and fall with demand at a site instead of relying only on the local utility grid. (bloomenergy.com) Investors also focused on the financial tie between the companies. Bloom disclosed in a Securities and Exchange Commission filing that it issued Oracle a warrant on April 9 to buy 3,531,073 Bloom shares at $113.28 each, terms first outlined in an October 30, 2025 filing. (sec.gov 1) (sec.gov 2) CNBC reported Bloom shares rose about 15% after the announcement, lifting the value of that warrant by more than $300 million on paper. Oracle shares also gained on April 13 as investors bought back into software names tied to artificial-intelligence spending. (cnbc.com) Bloom said it had deployed more than 400 megawatts to data centers worldwide as of July 2025, including projects with Equinix, American Electric Power and Oracle. The Oracle agreement pushes that business into the multi-gigawatt range and ties Bloom’s next phase of growth directly to how fast Oracle builds new computing capacity. (bloomenergy.com) (bloomenergy.com)