Bloom Energy Stock Price, News & Analysis

Bloom Energy has expanded its collaboration with Equinix, reaching over 100MW of electricity capacity to support Equinix’s IBX® data centers across the U.S. This 10-year partnership now includes 75MW of operational fuel cells and an additional 30MW under construction. Initially starting as a 1MW pilot in 2015 at a single data center in Silicon Valley, the project has grown significantly to meet the increasing energy demands driven by AI computing.

Bloom Energy’s fuel cells provide cleaner and reliable onsite power at 19 Equinix IBX data centers across six states. This technology supplements grid power, offering a scalable and reliable energy solution. According to Aman Joshi, Chief Commercial Officer at Bloom Energy, this partnership highlights the scalability and reliability of their fuel cell technology for large projects. David Rinard, VP of Energy Operations at Equinix, emphasized the cost-effectiveness and sustainability of Bloom’s fuel cells in generating onsite power, which is important as power demands rise.

Bloom’s systems deliver clean power with virtually zero air pollution and no water usage, providing a sustainable alternative to grid-delivered energy, especially in areas with grid constraints.

Bloom Energy (NYSE: BE) and Chart Industries (NYSE: GTLS) have announced a strategic partnership focused on carbon capture technology. The collaboration aims to provide near zero-carbon, always-on power solutions using natural gas and fuel cells, targeting customers like data centers and manufacturers.

The partnership leverages Bloom's proprietary high-temperature fuel cell technology, which converts natural gas without combustion, producing a CO₂-rich stream with 15 times lower mass flow and ten times higher CO2 concentration compared to conventional technologies. Chart will process Bloom's high-purity CO2 exhaust stream for utilization or sequestration.

This initiative addresses the growing carbon storage market, which Morgan Stanley expects to reach over 500 million tonnes per annum of capacity within five years. The partnership offers an immediate pathway for carbon utilization while supporting long-term decarbonization efforts, making carbon capture more affordable and efficient for energy-intensive industries.

Bloom Energy (NYSE: BE) has announced it will release its fourth quarter 2025 financial results on February 27, 2025, after market close. The company's management will host a conference call and webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

The conference call will last 60 minutes and will be accessible via toll-free dial-in numbers. A replay of the call will be available for one week through telephonic access, and a webcast replay will be hosted on the company's investor relations website for one year.

Bloom Energy (NYSE: BE) released the '2025 Data Center Power Report' highlighting a significant energy gap in data center capacity. The report predicts 35 GW of new data center capacity will be announced within five years, equivalent to over 6x New York City's annual energy usage. The survey of ~100 data center leaders reveals that 55 GW of data center IT capacity is expected in the U.S. within five years, compared to today's 25 GW capacity.

Key findings show approximately 30% of sites are expected to use onsite power as primary energy source by 2030, more than double from seven months ago. This shift is driven by AI needs, time-to-power considerations, and the necessity to support fluctuating AI workloads. The report indicates data centers are increasingly adopting onsite power systems to address economic imperatives and reduce pressure on the aging power grid.

Bloom Energy (NYSE: BE) has established a project financing partnership with HPS Investment Partners and Industrial Development Funding (IDF). The partnership includes a $125 million commitment to fund 19 MW of Energy Server deployments in the first tranche. This collaboration enables funding of large projects through PPA structures, allowing customers to access clean, on-site power with zero upfront costs.

The partnership addresses growing demand for reliable energy solutions for data centers, manufacturing plants, and industrial facilities. It provides Bloom with new debt and equity capital sources to create special purpose project companies for electricity sales, while offering HPS and IDF opportunities to invest in energy transition technologies.

Bloom Energy (NYSE:BE) has signed a major supply agreement with American Electric Power (AEP) for up to 1 gigawatt (GW) of fuel cells, marking the largest commercial fuel cell procurement worldwide. The deal includes an initial 100-megawatt (MW) order, with additional expansions expected in 2025. The fuel cells will primarily power AI data centers, offering high power density of 100 MW per acre and 34% lower CO2 emissions compared to current PJM Interconnection resources. The solution virtually eliminates SOx and NOx emissions when running on natural gas and can operate on 100% hydrogen or blended fuels for future carbon footprint reduction.

Bloom Energy (NYSE: BE) reported Q3 2024 financial results with revenue of $330.4 million, marking a 17.5% year-over-year decrease. The company achieved a gross margin of 23.8%, up 25.1 percentage points YoY, while non-GAAP gross margin was 25.2%. Operating loss improved to $9.7 million, while non-GAAP operating profit decreased to $8.1 million.

The company announced what is expected to be the world's largest single-site fuel cell installation with SK Eternix, set to begin operations in 2025. Bloom Energy reaffirmed its 2024 guidance with expected revenue of $1.4-$1.6B, non-GAAP gross margin of ~28%, and non-GAAP operating income of $75-$100M.

Bloom Energy (NYSE: BE) has announced a historic 80 MW solid oxide fuel cell (SOFC) project in South Korea, marking the largest single-site fuel cell installation in history. The project, developed with SK Eternix, will power two ecoparks in North Chungcheong Province and is expected to begin operations in 2025. The project financing, led by Korea Development Bank, represents South Korea's largest fuel cell financing to date. Bloom Energy will supply SOFCs and manage equipment maintenance. The company currently has 1.3 GW deployed worldwide.

Bloom Energy (NYSE: BE) has secured a 20-megawatt agreement with FPM Development for solid oxide fuel cells across two locations in Los Angeles. The partnership aims to rapidly deploy power generation capacity by the end of 2024, addressing urgent power needs in Southern California. Bloom's Energy Server installations will be placed at repurposed commercial sites strategically selected to support growing electrical demand. The technology offers rapid deployment, flexibility, reliability, and clean power generation with no combustion and minimal emissions, operating on multiple fuels including natural gas, biogas, and hydrogen.