Oracle signs deal for up to 2.8 GW of Bloom Energy fuel-cell power

Oracle ORCL Oracle Cloud Infrastructure (OCI)

Oracle agreed to buy up to 2.8 gigawatts of fuel-cell power from Bloom Energy for its US AI data centers, with 1.2 GW already contracted for use in 2026 and 2027. The deal targets the power bottleneck in bringing new AI capacity online, and Oracle said the fuel cells help it meet customer demand quickly across the US.

Up to 2.8 GW of fuel-cell power in total
Initial 1.2 GW contracted for use this year and in 2027 at Oracle's US projects
Announced April 13, 2026 (Eastern time)

ORCL around the story · hourly24 h reaction ▲ 6.26%

Moves this explains

ORCL+16.49%Apr 12 · ORCL rose 16.49% on 13 Apr after announcing a deal for up to 2.8 GW of Bloom Energy fuel-cell power for its AI data centers, which secondary coverage links to the rally. The S&P 500 also gained 2.15% that day, so the broad market contributed; some secondary reports give a smaller close-to-close move of about 12.7%.

Source

Bloomberg Law

Apr 13, 2026

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