Reported 8 days ago
Bloom Energy Corp.'s shares experienced a dramatic surge after American Electric Power Co. announced a deal to utilize its fuel cells to power data centers. This new partnership is seen as a vital step in addressing the growing electricity demand in the utility sector, especially for AI data centers that require immense power. Analysts view this agreement as a significant opportunity for Bloom to secure more large-scale utility contracts, highlighting the effectiveness of their fuel cells that can switch to hydrogen for cleaner energy.
Source: YAHOO