Bloom Energy Corporation Class A Stock News

The artificial intelligence (AI) industry is rapidly transforming technology, and with this evolution comes a surge in energy demand.

SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE), the world leader in stationary fuel cell power generation, announced today that it has formed a project financing partnership with certain funds managed by HPS Investment Partners (HPS) and Industrial Development Funding (IDF), two leading global providers of infrastructure capital. As part of the agreement, HPS and IDF will acquire 19...

The rise of the artificial intelligence (AI) industry has led to a corresponding rise in electricity demand, as the data centers that support those ever-increasing algorithm calculations require vast amounts of energy. As the use of AI spreads further, the need for easy-to-deploy, sustainable energy sources will only intensify.

Shares of Bloom Energy (BE -2.90%) rocketed 185.9% in November, according to data from S&P Global Market Intelligence.

In 2025 and beyond, you can add “the need for more electricity” to a list of certainties along with death and taxes. In addition to the voracious demand for electricity spawned by artificial intelligence, demand is also being stoked by the anticipation of robust economic growth and weather-related events.

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Bloom Energy Corporation (NYSE: BE) has seized the spotlight after announcing a landmark agreement with American Electric Power (NASDAQ: AEP) to supply up to one gigawatt (GW) of solid oxide fuel cells.

Why Bloom Energy Stock Is Surging and Is Up Over 85% in Just 2 Weeks