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Investing.com -- Bloom Energy (NYSE:BE) stock surged 15% after announcing a collaboration with Oracle (NYSE:ORCL) to deliver onsite power to Oracle Cloud Infrastructure (OCI) data centers in the U.S.
The partnership will see Bloom deploy its fuel cell technology at select OCI data centers, with the ability to deliver highly reliable and cost-efficient onsite power for an entire data center within 90 days. The rapid deployment capability aims to support the growing demand for OCI’s AI and cloud computing services.
"Customers expect to run their AI workloads and new AI applications at peak performance. Bloom’s fuel cell technology will join OCI’s extensive energy portfolio, further supporting our cutting-edge AI infrastructure with reliable, clean power that can be quickly deployed and easily scaled," said Mahesh Thiagarajan, Executive Vice President of Oracle Cloud Infrastructure.
Bloom’s systems provide clean power with virtually no air pollution and no water use, contributing to Oracle’s sustainability goals. The fuel cells will specifically support Oracle’s growth strategy for large-scale AI workloads.
This agreement adds Oracle to Bloom Energy’s portfolio of data center clients, which already includes Equinix (NASDAQ:EQIX), American Electric Power (NASDAQ:AEP), and Quanta Computing. To date, Bloom has deployed over 400 MW to power data centers worldwide.
The collaboration represents a significant win for Bloom Energy in the rapidly expanding AI infrastructure market, where reliable and quickly deployable power solutions are increasingly in demand.
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