Bloom Energy Soars on Major AI Data Center Fuel Cell Deal with AEP
Bloom Energy's stock soared 70% after announcing a deal with American Electric Power to supply up to 1 gigawatt of fuel cells for AI data centers, marking the largest commercial procurement of such technology globally. The agreement includes an initial order of 100 megawatts of solid oxide fuel cells, with potential expansions in 2025. Analysts upgraded Bloom Energy's stock, estimating the deal could generate $3 billion in revenue and position the company as a key player in powering large-scale data centers.
