Oracle의 AI 캠퍼스가 온사이트 전력 생성을 위해 Bloom Energy 연료전지를 통합하고 있다.

Bloom Energy (BE) stock gained nearly 3% in overnight trading late Monday as the company emerges as a key supplier of advanced artificial intelligence infrastructure amid demand for reliable power outpacing traditional grid capabilities.

On Monday, Oracle (ORCL) and BorderPlex Digital Assets confirmed that Oracle's Project Jupiter campus in Doña Ana County will run entirely on Bloom Energy's fuel cells. Project Jupiter, a $1.5 billion AI data center in the El Paso–Juárez Borderplex area, will be powered by Bloom's fuel cells. The updated plan removes earlier ideas of using gas turbines and diesel generators and instead runs everything through a single shared microgrid.

Bloom's fuel cells generate electricity without burning fuel, which helps reduce pollution and save water. Oracle expects nitrogen oxide emissions to fall by about 92%, and the facility will use very little water because of its cooling design. Once centered on supplying energy solutions to commercial buildings and institutions, Bloom Energy is now aligning itself with the fast-growing AI infrastructure sector. With a multi-year scope, the Project Jupiter contract is likely to provide consistent, predictable revenue over the long term.

"Bloom's fuel cell technology will power what is expected to be one of the largest data center microgrids operating in the United States at the time of completion," said Aman Joshi, chief commercial officer of Bloom Energy.

Oracle said it will cover the project's power costs, aiming to prevent any increase in local electricity bills or added strain on the grid. "Our energy solution not only dramatically reduces water use, it is also cleaner, quieter, and helps protect electricity rates for local residents. This is a model that can be replicated across America—it is digital power for the digital age," Joshi added.

The latest update is part of an expanded partnership between Bloom Energy and Oracle, announced on April 13, under which the latter plans to purchase up to 2.8 gigawatts of Bloom's fuel cell systems for its AI and cloud infrastructure.

On Monday, Barclays increased its price target on Bloom Energy to $177 from $153 ahead of first-quarter earnings, while reiterating an 'Equal Weight' rating. The firm pointed to stronger commercial traction but flagged concerns that the stock's current pricing already reflects optimistic growth expectations.

Bloom reported fiscal Q1 earnings with analysts expecting revenue of $540 million and earnings per share of $0.13. BE stock has gained 170% year-to-date.