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Benzinga
Benzinga
Business
Henry Khederian

Bloom Energy Stock Jumps On Deal To Power Oracle's AI Data Centers

Bloom Oracle Bloom Energy Be Bloom Energy Corp Oracle Cloud Infrastructure Oracle Corp OCI
xr:d:DAE9HpS4rJc:11777,j:5020804709521470505,t:24012916

Shares of Bloom Energy Corp (NYSE:BE) are surging Thursday morning after the company announced a collaboration with Oracle Corp (NYSE:ORCL). Bloom will deploy its proprietary fuel cell technology to provide onsite power for select Oracle Cloud Infrastructure data centers across the U.S.

This agreement adds Oracle to a list of Bloom's key digital infrastructure clients, including Equinix and Quanta Computing. The company has meanwhile deployed over 400 megawatts to power data centers globally.

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