AEP to Offer Faster Power for Data Centers

Bloom Energy scores 'big win' in fuel cell supply deal for AEP data centers
Bloom Energy (NYSE:BE) +46.6% in early trading Friday after it signed a supply agreement with American Electric Power (AEP) for up to 1 GW of its solid oxide fuel cells, which it said is the largest-ever commercial procurement of fuel cells in the world.
While the grid catches up to demand, AEP secures up to 1 GW of fuel cells for data centers, large energy users
The customer-sited fuel cells will be required to meet the interconnection rules of the local operating company and will be designed to not send any energy back to the electric grid.
AEP to Offer Faster Power for Data Centers With Bloom Fuel Cells
American Electric Power Co. will use Bloom Energy Corp. fuel cells to supply data centers, providing a quick solution to add power as the utility industry struggles to meet rising electricity demand.
Bloom Energy Announces Gigawatt Fuel Cell Procurement Agreement with AEP to Power AI Data Centers
Bloom Energy (NYSE:BE), the world leader in stationary fuel cell power generation, announced that it has signed a supply agreement with American Elect
Bloom Energy secures 1GW fuel cell supply deal with AEP
Bloom Energy has signed a supply agreement with American Electric Power (AEP) for up to 1GW of its solid oxide fuel cells (SOFCs). AEP has placed an initial order for 100MW of cells, with an expansion order expected in 2025. AEP will colocate the SOFCs at AI data center sites to help support the installation's immediate power needs.
Bloom Energy signs fuel cell agreement with AEP for AI data centers
Bloom Energy (BE) has signed a supply agreement with American Electric Power (AEP) for up to 1 GW of its products, the largest commercial
AEP Leveraging Fuel Cell Technology to Power Data Center Growth
This customer-focused effort is the largest utility fuel cell initiative in the country. COLUMBUS, Ohio, Nov. 14, 2024 /PRNewswire/ -- American Elec
Bloom stock poised for massive gains after AEP deal, analyst says
Bloom Energy announces a sizable deal with American Electric Power Company. Piper Sandler analyst upgraded BE shares to ...
Bloom Energy Hits 52-Week High After AEP Agreement, Analyst Price Target Boosts
Bloom Energy shares hit a 52-week high Friday following Thursday's news of a large fuel cell deployment and favorable reactions from analysts Friday. The stock was recently up 44% to $19.15, with an ...
Bloom Energy’s Strategic Agreement with AEP Enhances Market Position and Multi-Year Growth Prospects
Piper Sandler analyst Kashy Harrison upgraded the rating on Bloom Energy (BE – Research Report) to a Buy yesterday, setting a price ...
Why Bloom Energy Stock Rocketed 48% on Friday
Bloom Energy (NYSE: BE) investors are having a terrific Friday, as shares of the renewable energy company surged 47.8% ...
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AEP, Hyperscalers, Data Center Coalition Mull Energy Tariff Plan for Ohio Cloud Cluster
A compromise between what AEP wants and what data center operators proposed would still require utility commission approval.
Bloom Energy Rockets Nearly 50%: Clean Energy's New Power Player?
Bloom Energy is stealing the spotlight, with shares rocketing nearly 50% today to a new 52-week high of $20.95. This follows ...
Bloom Energy Secures Major Agreement with AEP, Strengthening Position in Hydrogen Economy and Renewable Energy Transition
Evercore ISI analyst James West reiterated a Buy rating on Bloom Energy (BE – Research Report) today and set a price target of $22.00.