Oracle, BorderPlex, and Bloom Energy to Power Project Jupiter with Cleaner, Water-Efficient Fuel Cell Technology

Rhea-AI Summary

Oracle (NYSE:ORCL), BorderPlex, and Bloom Energy will power Project Jupiter's AI data center campus in Doña Ana County, New Mexico, using up to 2.45 GW of Bloom fuel cell capacity to replace planned gas turbines and diesel generators.

The design aims to reduce NOₓ emissions by ~92%, drastically cut water use with closed-loop cooling, and consolidate the site into a single microgrid while Oracle bears all energy costs. The project includes community commitments totaling $416.9 million and expects 4,000 construction jobs and 1,500 ongoing roles.

AI-generated analysis. Not financial advice.

Positive

• 2.45 GW of installed Bloom fuel cell capacity
• Estimated 92% NOₓ reduction versus planned gas turbines
• Negligible day-to-day water use via fuel cells and closed-loop cooling
• Community commitments totaling $416.9 million (50M + 360M + 6.9M)
• 4,000 construction jobs and 1,500 ongoing positions expected

Negative

• Oracle will bear all energy costs for Project Jupiter, creating ongoing operating expense exposure

News Market Reaction – ORCL

-4.05%

97 alerts

-4.05% News Effect

-4.2% Trough in 2 hr 34 min

-$21.00B Valuation Impact

$497.44B Market Cap

0.0x Rel. Volume

On the day this news was published, ORCL declined 4.05%, reflecting a moderate negative market reaction. Argus tracked a trough of -4.2% from its starting point during tracking. Our momentum scanner triggered 97 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $21.00B from the company's valuation, bringing the market cap to $497.44B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Bloom fuel cell capacity: 2.45 GW NOₓ reduction: 92% Water systems commitment: $50 million +5 more

8 metrics

Bloom fuel cell capacity 2.45 GW Installed capacity to power Project Jupiter AI data center campus

NOₓ reduction 92% Reduction vs previously planned gas turbines for Project Jupiter

Water systems commitment $50 million Funds to repair, upgrade, and improve local water systems

Community support $360 million Direct support for schools, infrastructure, and local services

Workforce and community funding $6.9 million Funding for workforce development, youth programs, water, college, habitat restoration

Construction jobs 4,000 jobs Expected construction jobs over the life of Project Jupiter

Ongoing positions 1,500 positions Ongoing roles on-site and in surrounding community

Current share price $173.28 Price prior to Project Jupiter announcement; 24h change -1.7%

Market Reality Check

Price: $195.95 Vol: Volume 32,914,019 is 1.07...

normal vol

$195.95 Last Close

Volume Volume 32,914,019 is 1.07x the 20-day average of 30,862,682 shares. normal

Technical Trading below 200-day MA at 214, around 31.27% above the 52-week low.

Peers on Argus

While ORCL was down 1.7%, key software peers like MSFT (+1.83%) and PANW (+2.61%...

While ORCL was down 1.7%, key software peers like MSFT (+1.83%) and PANW (+2.61%) were positive, suggesting today’s move skewed company-specific rather than sector-wide.

Historical Context

5 past events · Latest: Apr 22 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 22	AI cloud expansion	Positive	+3.3%	Expanded Oracle AI Database@Google Cloud and AI agent capabilities for enterprises.
Apr 20	Health interoperability	Positive	+1.4%	Oracle Health achieved CMS Aligned Network status and launched CLEAR1 check-in solution.
Apr 16	Multicloud networking	Positive	+5.0%	Expanded high-performance connectivity between OCI and AWS for multicloud deployments.
Apr 15	Industry recognition	Positive	+4.2%	Named Leader in 2026 Gartner Magic Quadrant for Transportation Management Systems.
Apr 14	AI banking platform	Positive	+4.7%	Extended agentic AI platform into corporate banking with embedded AI applications.

Pattern Detected

Recent Oracle news, especially around AI and cloud partnerships, has typically coincided with positive next-day price reactions.

Recent Company History

Over the past month, Oracle has announced multiple AI- and cloud-focused initiatives, including expanded AI Database capabilities with Google Cloud on Apr 22, multicloud networking with AWS on Apr 16, and an AI platform extension to corporate banking on Apr 14. These releases saw 24-hour reactions between +3.28% and +5.02%. Today’s Project Jupiter announcement continues that theme of AI infrastructure expansion and cleaner energy, but contrasts with the pre-news share price being down 1.7% despite this strategic data center development.

Market Pulse Summary

This announcement highlights Oracle’s plan to power Project Jupiter’s AI data center campus in New M...

Analysis

This announcement highlights Oracle’s plan to power Project Jupiter’s AI data center campus in New Mexico with up to 2.45 GW of Bloom Energy fuel cells, replacing gas turbines and diesel generators. The project emphasizes reduced NOₓ emissions, negligible water use, and significant local commitments exceeding $400 million, plus thousands of jobs. In context with Oracle’s recent AI and multicloud initiatives, investors may watch how these infrastructure moves complement prior growth-focused announcements and recent capital markets activity.

Key Terms

fuel cells, microgrid, NOₓ, non-evaporative cooling, +1 more

5 terms

fuel cells technical

"Project Jupiter will utilize Bloom Energy fuel cells to fully power the AI data center"

Fuel cells are devices that produce electricity by causing a controlled chemical reaction—commonly between hydrogen and oxygen—without burning fuel, working more like a battery that you continuously refill than like an engine that burns gasoline. They matter to investors because they enable cleaner, quieter and often more efficient power for vehicles, buildings and industrial uses, creating growth opportunities, cost and technology risks, and potential shifts in energy and transport markets.

microgrid technical

"and consolidate the facility into one single microgrid campus."

A microgrid is a small, local electricity system that combines power sources (like solar panels, small generators) and storage (batteries) with controls so it can run either connected to the main utility grid or on its own during outages. For investors, microgrids matter because they reduce outage risk, can lower energy costs, enable new revenue streams (selling excess power or grid services), and reflect growing demand for resilient, decentralized energy infrastructure.

NOₓ technical

"Project Jupiter with the Bloom microgrid will reduce NOₓ emissions by approximately 92%"

NOx denotes nitrogen oxides, a group of airborne gases (mainly nitric oxide and nitrogen dioxide) produced when fuel burns at high temperatures, such as in engines, power plants, or furnaces. Think of NOx as the “smoke” that contributes to smog and respiratory harm; investors watch NOx because limits, permits and cleanup costs can affect operating expenses, regulatory risk, and a company’s ability to run or expand facilities.

non-evaporative cooling technical

"closed-loop, non-evaporative cooling systems designed to minimize day-to-day water use"

Non-evaporative cooling is a way to remove heat from equipment or buildings using air, liquid circulation or solid-state devices rather than turning water into vapor; think of using a fan or radiator instead of a sprinkler to cool something. For investors, it matters because it typically reduces water use, can lower regulatory and supply risks, affects energy and maintenance costs, and influences a facility’s resilience and sustainability profile — all factors that impact operating expenses and long-term value.

AI data center technical

"Project Jupiter will utilize Bloom Energy fuel cells to fully power the AI data center campus"

An AI data center is a specialized facility that houses powerful computers, networking gear, and cooling systems designed specifically to run and store artificial intelligence workloads, like training large models and serving real-time AI applications. Investors care because these centers are capital-intensive infrastructure that enable companies to offer advanced AI services, drive recurring revenue, and create competitive advantages, much like a factory that determines how quickly and cheaply a business can produce its product.

AI-generated analysis. Not financial advice.

AI data center campus in Doña Ana County will preserve electricity rates for residents, dramatically reduce water use, and protect local air quality

AUSTIN, Texas, April 27, 2026 /PRNewswire/ -- Oracle and BorderPlex Digital Assets today announced Project Jupiter will utilize Bloom Energy fuel cells to fully power the AI data center campus in Doña Ana County, New Mexico. As part of Oracle and Bloom's previously announced expanded partnership, the data center will be supported by up to 2.45 GW of installed Bloom fuel cell capacity. This updated power design will replace Project Jupiter's previously planned gas turbines and diesel generators and consolidate the facility into one single microgrid campus.

Fuel cells generate electricity without combustion, meaning the Bloom microgrid is highly efficient with low emissions and water use. Compared to its previously planned gas turbines, Project Jupiter with the Bloom microgrid will reduce NOₓ emissions by approximately 92% and will use a negligible amount of water.

"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, 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."

For BorderPlex, the announcement marks an important milestone in a vision that began with a simple conviction: that industrial land in the southern New Mexico desert could become a national platform for advanced computing, cleaner energy, and long-term economic growth. BorderPlex will continue supporting Project Jupiter's success in New Mexico while advancing additional growth infrastructure opportunities and other clean-energy initiatives in the state and beyond, including solar, storage and geothermal opportunities. BorderPlex and Oracle will continue working together on future initiatives that expand access to the infrastructure needed to support these priorities.

"Project Jupiter started with a belief that Doña Ana County could become a Tier 1 industrial engine for New Mexico," said Lanham Napier, chairman, BorderPlex Digital Assets. "We said we could help bring cleaner energy, stronger infrastructure, more jobs and new investment to southern New Mexico, and that vision is becoming reality. With this announcement, Project Jupiter is becoming a platform for better jobs, stronger infrastructure, and generational opportunity in a region with the talent, work ethic, and ambition to help lead New Mexico's next chapter of growth."

"Bloom has rapidly become the platform of choice for powering AI data centers responsibly," said Aman Joshi, chief commercial officer, Bloom Energy. "Bloom's fuel cell technology will power what is expected to be one of the largest data center microgrids operating in the United States at the time of completion. Our energy solution not only dramatically reduces water use, it is also cleaner, quieter, and helps protect electricity rates for local residents. This is a model that can be replicated across America—it is digital power for the digital age."

Oracle will continue to bear all energy costs for Project Jupiter, ensuring the initiative has no impact on residents' electricity rates or grid stability. Together with the data center's closed-loop, non-evaporative cooling systems designed to minimize day-to-day water use, the fuel cell solution addresses community priorities around air quality and water stewardship. 

Project Jupiter has also committed $50 million to help repair, upgrade, and improve local water systems; $360 million in direct support for schools, infrastructure, and local services; and $6.9 million to fund workforce development, the Boys and Girls Club of Las Cruces, clean drinking water, the community college, and habitat restoration.

Construction continues to move forward on schedule. Over the life of the project, Oracle expects Project Jupiter to create 4,000 construction jobs and support 1,500 ongoing positions on-site and in the surrounding community, prioritizing local hiring, opportunities for New Mexico's skilled trades and union workforce, local suppliers, local contractors, and workforce partnerships that help New Mexicans access these opportunities.

Additional Resources

• Read more about Project Jupiter's approach to water
• Learn about fuel cell technology
• Read more about Oracle's data center projects

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

About Bloom Energy
Bloom Energy empowers enterprises to meet soaring energy demands and responsibly take charge of their power needs. The company's solid oxide fuel cell systems provide ultra-resilient, highly scalable onsite electricity for Fortune 500 customers around the world, including data centers, semiconductor manufacturing, large utilities, and other commercial and industrial sectors as well as mission-critical organizations in local communities, such as hospitals, college campuses and retailers. Headquartered in Silicon Valley, Bloom Energy employs more than 2,000 people worldwide and manufactures its systems in the United States. For more information, visit BloomEnergy.com.

About BorderPlex Digital Assets
BorderPlex Digital Assets is pioneering the development of Growth Infrastructure Campuses, combining land, power, industrial cooling, fiber, and compute in a single location. This unified platform is purpose-built to support innovation from data centers, advanced manufacturing, and logistics. The company's flagship campus in Santa Teresa, New Mexico, represents a new model for growth infrastructure – powering economic development and addressing critical resource challenges for the community.

Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

Forward-Looking Statements Disclaimer
Statements in this article relating to Oracle's future plans, expectations, beliefs, and intentions are "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect Oracle's current expectations and actual results, and could cause actual results to differ materially. A discussion of such factors and other risks that affect Oracle's business is contained in Oracle's Securities and Exchange Commission (SEC) filings, including Oracle's most recent reports on Form 10-K and Form 10-Q under the heading "Risk Factors." These filings are available on the SEC's website or on Oracle's website at http://www.oracle.com/investor. All information in this article is current as of April 27, 2026 and Oracle undertakes no duty to update any statement in light of new information or future events.

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SOURCE Oracle Corporation

FAQ

What power technology will Oracle (ORCL) use at Project Jupiter?

Project Jupiter will use Bloom Energy fuel cells to fully power the campus with up to 2.45 GW installed capacity. According to Oracle, the fuel cell microgrid replaces planned gas turbines and diesel generators and consolidates the facility into one microgrid campus.

How much will Project Jupiter reduce NOₓ emissions compared with gas turbines?

Project Jupiter is expected to reduce NOₓ emissions by approximately 92% compared with the previously planned gas turbines. According to Oracle, the fuel-cell design generates electricity without combustion, delivering lower emissions and improved local air quality.

Will Project Jupiter affect local water use and rates for residents?

The design uses closed-loop, non-evaporative cooling and fuel cells, yielding negligible day-to-day water use. According to Oracle, the project also aims to preserve local electricity rates because Oracle will continue to bear all energy costs for the site.

What community investments has Project Jupiter committed to in New Mexico?

Project Jupiter committed $50 million for water system repairs, $360 million for schools and infrastructure, and $6.9 million for workforce and community programs. According to Oracle, these funds support local services, education, and workforce development.

How many jobs will Project Jupiter create and support in the region?

Oracle expects Project Jupiter to create about 4,000 construction jobs and support 1,500 ongoing positions on-site and in the surrounding community. According to Oracle, the project will prioritize local hiring and workforce partnerships.