- $1.4 trillion utility spending spree to keep up with AI data centers could hike electric bills: study NY Post —
- U.S. utilities are planning a $1.4 trillion spending spree, up 30%, over the next five years amid the AI construction boom Fortune —
- Utilities to spend $1.4 trillion over 5 years amid data center boom CBS News —
- Utilities Plan to Spend $1.4 Trillion Over Next Five Years to Power AI Boom Wall Street Journal —
- Xcel Energy CEO says US must scale up power infrastructure to meet AI challenge Semafor —
- Constellation CEO says US not ‘going to win’ the race with China on building out energy for AI Semafor —
- Oracle taps Bloom for 2.8 GW of fuel cells to keep datacenter binge going The Register —
- Oracle to buy power from Bloom Energy for AI, company reveals it issued warrant for Oracle to … Times Of India —
- Oracle jumps for a second day, Bloom Energy soars 20% on AI data center power deal CNBC —
Bloom Energy
Bloom Energy is the company that develops, builds, and installs Bloom Energy Servers.
Bloom Energy is an American public company that designs and manufactures solid oxide fuel cells (SOFCs) which independently produce electricity onsite for power generation in data centers, manufacturing, and other commercial sectors. Founded in 2001 and headquartered in San Jose, California; its fuel cell technology generates electricity through a chemical conversion process, which differs from most other power sources reliant on combustion, and can use natural gas, biogas or hydrogen as fuel. Its SOFCs are deployed on-site where energy is consumed, reducing reliance on central power grid. Bloom also developed electrolyzers for hydrogen production, and holds more than 1000 patents globally.
Utilities' $1.4 Trillion AI Binge