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Bloom Energy (BE) stock rose about 6% on Monday and moved higher in after-hours trading as the company announced an expanded deal with Oracle (ORCL) Bloom will provide fuel cell systems to power Oracle’s growing AI and cloud infrastructure.
Oracle has committed to an initial 1.2 gigawatts of Bloom Energy fuel cell capacity.
KEY POINTS
- The agreement allows Oracle to expand up to 2.8 gigawatts of Bloom Energy deployment.
- Bloom previously delivered a fuel cell system to Oracle in 55 days, faster than expected.
- Bloom's fuel cell systems are tailored for rapid deployment and AI data center power needs.
COMPANIES
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