Bloom Energy said Monday it has expanded its partnership with Oracle Corp. to help power the tech giant’s artificial intelligence and cloud computing buildout, with Oracle now planning to procure up to 2.8 gigawatts of Bloom’s fuel cell systems under a master services agreement.
An initial 1.2 gigawatts had already been contracted, and deployment is underway now, with the work expected to continue into next year. Bloom Energy shares rose 9.74% in Monday’s after-hours trading to $193.93 as investors reacted to the larger deal, with the stock trading under its NYSE:BE ticker while Oracle trades as NYSE:ORCL.
Aman Joshi said Bloom was “delighted to expand our relationship with Oracle following an initial successful deployment,” and added that the companies are defining “a shared vision for the future of energy and AI infrastructure,” with Bloom pushing its fuel cells as onsite power for that market. The deal gives Bloom a bigger role in one of the most closely watched infrastructure races in tech, where power supply has become as important as chips and servers.
The new agreement comes as Oracle keeps building out the electrical backbone for its AI and cloud plans, and it also shows how Bloom is trying to turn fuel cells into a mainstream answer for data center power needs. The open question is not whether the two companies want more capacity; it is how quickly Bloom can deliver it as the deployment moves into next year.
