ATLAS News · Energy
Bloom Energy announced a 900 megawatt onsite fuel cell agreement with NTT DATA, which it calls its largest international data center deal to date.
Bloom Energy (NYSE:BE) announced a new agreement with NTT DATA to deploy 900 megawatts of onsite fuel cell power for data centers around the world, according to Yahoo Finance Australia.
Bloom Energy describes the partnership as its largest international agreement to date for data center projects. The deal is aimed at supplying power to NTT DATA facilities that support AI-related workloads and at addressing grid and sustainability constraints.
Simply Wall St separately discusses the company's valuation after the announcement. It notes that the share price has swung sharply in both directions and that the stock has gained about 15x over the past three years, raising the question of whether earnings can support that valuation.
Onsite fuel cell systems generate electricity at or near the facility that uses it, which can reduce reliance on the public power grid.
The deal shows how demand for power tied to AI data centers is shaping the business of energy suppliers such as Bloom Energy.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
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