Bloom Energy & Oracle Corporation

Bloom Energy: Bloom Energy is the central beneficiary, securing a $25B financing framework and major customer deals, driving rapid revenue growth and stock appreciation.

Oracle Corporation: Oracle is a key customer, planning up to 2.8 GW of Bloom fuel cells for AI data centers, benefiting from faster power deployment.

Bloom Energy: Bloom Energy is providing the cleaner fuel cell power solution for Oracle Corporation's Project Jupiter data center, contributing to the project's environmental benefits.

Oracle Corporation: Oracle Corporation is funding and developing the Project Jupiter data center campus, investing significantly in local infrastructure, education, and workforce development in Doña Ana County, enhancing its public image and operational capabilities.

Bloom Energy: Bloom Energy is the dominant player in solid oxide fuel cells (SOFC) for data centers, holding most primary-load contracts, but its reliance on scandium presents a significant supply chain risk.

Oracle Corporation: Oracle Corporation has framework agreements for fuel cells, indicating its participation in the growing trend of on-site power generation for data centers.

Bloom Energy: Bloom Energy's fuel cells are increasingly used to power data centers, driving a 1,920% stock surge. Revenue is expected to double in 2026, with a $20 billion backlog and strong analyst growth forecasts.

Oracle Corporation: Oracle Corporation uses Bloom Energy fuel cells for data centers, benefiting from the AI infrastructure boom.