# Oracle has agreed to procure up to 2.8 gigawatts of electricity generated through Bloom Energy's fuel-cell systems.

*business · news · 2026-04-14 · India Today*

## Key points

- Oracle has secured up to 2.8 gigawatts of Bloom Energy fuel-cell power for AI data centres.
- 1.2 gigawatts of this power deal is already finalized for US projects through 2027.
- Bloom Energy granted Oracle a warrant to buy 3.5 million shares at a fixed price until October 9.
- Oracle plans to invest $50 billion in capital expenditure this year, mainly for AI data centres.
- Oracle's large-scale layoffs coincide with increased AI spending and have not been officially linked.

**Companies:** Oracle, Bloom Energy
**Countries:** United States, India

[Read the full story on India Today](https://www.indiatoday.in/jobs/story/oracle-steps-up-ai-spending-after-30000-layoffs-expands-bloom-energy-deal-tchc-2895893-2026-04-14)

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