It appears that Bloom Energy (BE) shares might continue their upward trend for a third consecutive day, given their steady climb over the past two days. The company recently announced a partnership with Oracle (ORCL) to power their data centers, which has left investors particularly enthusiastic.
As of 10:28 a.m. ET, Bloom Energy stock is up 20.2%.
Oracle has its sights set on a hydrogen-powered cloud
With artificial intelligence (AI) becoming increasingly common, there’s a growing need for cloud computing. This surge in demand has prompted Oracle to team up with Bloom Energy to ensure reliable power supply for their data centers. Under this partnership, Bloom Energy will install its fuel cell technology at selected Oracle Cloud Infrastructure (OCI) data centers situated across the United States.
In a statement about the worth of their alliance, Aman Joshi, the COO of Bloom Energy, expressed:
“Regarding the importance of our collaboration, I want to emphasize…”
Or
“On the topic of our partnership’s significance, Aman Joshi, the COO of Bloom Energy, made it clear…”
Or
“In terms of our partnership’s worth, Aman Joshi, COO of Bloom Energy, underlined…
Oracle Cloud Infrastructure calls for power systems tailored to satisfy the performance and dependability requirements of today’s cutting-edge AI and computational tasks. This strategic partnership offers Oracle ultra-reliable, eco-friendly, and cost-effective power, which aligns with its growth plans at a swift and assured pace.
As per Bloom Energy’s claims, they aim to provide power generated by fuel cells for a whole data center within a span of 90 days.
Does this deal move the needle for Bloom Energy?
It’s doubtful that Bloom’s agreement with Oracle, as it stands now, will revolutionize Bloom’s situation. Nevertheless, there’s no denying that investors are enthusiastic about the potential for Bloom to secure more deals like this in the future. The rapid growth of AI companies is leading to significant investments in data center infrastructure. This trend could see data center operators turning to hydrogen and fuel cell providers to fulfill their energy requirements, suggesting a possible shift in the industry landscape.
One intriguing choice for investors wanting to invest in fuel cells, Bloom Energy, offers different levels of profitability. This new deal adds even more appeal to an already captivating company.
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2025-07-24 18:45