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The AI computing power arms race has reached the energy side. This wave of solid-state fuel cells is a necessity, not a story.
Oracle will expand its master service agreement with Bloom Energy to up to 2.8 gigawatts of solid oxide fuel cells, with an initial 1.2 gigawatts already contracted, with deployment continuing through 2027.
The company reported Q1 revenue up 130% year-over-year to approximately $751 million, net profit of approximately $70.65 million, non-GAAP EPS of $0.44, far exceeding the expected $0.13, and raised its full-year revenue guidance to $3.4–$3.8 billion.