Bloom Energy Corp (NYSE:BE) shares are trading higher in Monday’s after-hours session after Oracle Corp (NYSE:ORCL) announced it will use Bloom Energy fuel cells for Project Jupiter.
- Bloom Energy stock is building positive momentum. What’s driving BE shares up?
Project Jupiter To Utilize Bloom Energy Fuel Cells
After the market close on Monday, Oracle announced that the company and BorderPlex Digital Assets will utilize Bloom Energy fuel cells to power a planned AI data center campus in New Mexico.
The data center will now be supported by up to 2.45 GW of installed Bloom fuel cell capacity, replacing the previously planned gas turbines and diesel generators.
“We are excited to move forward with this updated energy solution, which reflects our commitment to both the latest innovation and community priorities as we advance the next generation of AI infrastructure,” said Mahesh Thiagarajan, executive vice president of Oracle Cloud Infrastructure.
“Bloom’s fuel cell technology enables us to deliver highly reliable on-site power with a lower environmental footprint—supporting the project’s performance needs while contributing to stronger environmental outcomes.”
The fuel cell solution addresses community priorities around air quality and water stewardship and is expected to reduce emissions by approximately 92% compared to prior plans.
BE Shares Jump After Hours
BE Price Action: Bloom Energy shares were up 2.02% in after-hours, trading at $239.71 at the time of publication on Monday, according to Benzinga Pro.
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