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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.
5h
Bloom Energy stock soars on American Electric Power deal
Bloom Energy (BE) stock rallied Friday afternoon after the company announced a new deal with American Electric Power (AEP).
7h
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 ...
4d
on MSN
AEP CEO says he listens more to state leaders, making climate target uncertain
American Electric Power (NASDAQ:AEP) is taking direction from state regulators on their energy and economic development goals ...
datacenterfrontier.com
14h
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.
8h
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 ...
12h
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 ...
The News & Advance
16h
AEP begins process to bring small modular reactors to Virginia, eyes site in Campbell County
In a major step toward securing the state's reliable energy future, Appalachian Power has announced plans to bring small ...
9d
AEP mulls more asset sales to fund capex plan boost
American Electric Power beat estimates for third-quarter profit on Wednesday, as higher electricity usage at data centers ...
15h
East Kentucky Power planning natural gas expansion including a conversion of coal-fired plants
A Kentucky electric utility is planning a significant expansion of natural-gas fired power including the conversion of ...
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