Bloom Energy and Oracle Team Up for Green Power Solution
Stock surge and subsequent drop of Plug Power this morning, mirroring a rollercoaster ride in the market.
In a significant move towards sustainable energy, Oracle Cloud Infrastructure (OCI) has partnered with Bloom Energy to power select U.S. data centers using hydrogen-powered fuel cell systems. This collaboration, announced recently, aims to meet the surging energy demands of Oracle's AI and cloud services, providing ultra-reliable, low-carbon power.
The partnership between Bloom Energy and Oracle is in response to the high demands placed on Oracle's data centers due to the soaring popularity of artificial intelligence (AI). Bloom Energy's fuel cell technology offers a scalable and efficient solution to power these energy-intensive services.
Bloom Energy, known for its solid oxide fuel cell systems, is versatile in using hydrogen or natural gas for power generation. Its partnership with Oracle highlights its role in supporting AI and cloud infrastructure.
Meanwhile, February 2025 saw Bloom Energy expand its longstanding relationship with Equinix, allowing Equinix to generate on-site power using Bloom's fuel cells.
A Comparative Look
While Plug Power has not announced any new partnerships in the fuel cell technology sector recently, it remains a significant player in the market. Plug Power is known for its proton exchange membrane (PEM) fuel cells, primarily used in transportation and material handling applications.
Investors committed to hydrogen and fuel cell exposure would be better advised to consider Bloom Energy at this point, or some other leaders in the industry. However, Plug Power's stock has shown promising signs, with its stock climbing as much as 9.9% early in Thursday's trading session, although much of these gains have been given back.
It is worth noting that Plug Power consistently reports net losses, making it a high-risk investment. Despite this, some investors may be optimistic that other data center companies will choose to collaborate with Plug on similar deals.
For the most current and detailed information on Plug Power's collaborations, reviewing their latest press releases or investor updates would be advisable.
- Bloom Energy's stock ticker is BE.
- Oracle Corporation's stock ticker is ORCL.
- As of 11:40 a.m. ET, shares of Plug Power are down 0.6%.
Investors considering finance in the hydrogen and fuel cell sector might find Bloom Energy, with the stock ticker BE, a better choice at this moment, given its recent partnership with Oracle Corporation (ORCL) for powering data centers and its versatile fuel cell technology. On the other hand, Plug Power, known for its PEM fuel cells, continues to be a significant player in the market, although its high-risk investment status due to net losses should be taken into account by interested investors.
