# Bloom Energy surges over 1,000% as AI data centers create insatiable appetite for power > Source: > Published: 2026-07-28 14:33:20+00:00 Via bloomenergy.com # Bloom Energy surges over 1,000% as AI data centers create insatiable appetite for power The fuel cell maker's $25 billion Brookfield partnership and multi-gigawatt Oracle deal highlight how AI's energy hunger is reshaping markets well beyond tech stocks. Bloom Energy’s stock has gained over 1,000% in the past 12 months. That’s not a typo, and it’s not a memecoin. It’s a fuel cell company riding the single most powerful narrative in markets right now: AI needs electricity, and there isn’t enough of it. The solid oxide fuel cell manufacturer has positioned itself at the exact intersection of two mega-trends, the explosive scaling of AI infrastructure and the growing inadequacy of existing power grids to support it. ## The deals driving the rally In early July 2026, Bloom Energy and Brookfield Asset Management expanded their strategic partnership from $5 billion to a staggering $25 billion. That five-fold increase is earmarked for financing AI infrastructure power projects, essentially betting that data centers will increasingly need to generate their own electricity onsite rather than relying on overburdened utility grids. Then there’s Oracle, which signed agreements with Bloom for up to 2.8 gigawatts of fuel cell systems. To put that in context, 2.8 GW is roughly equivalent to the output of two or three nuclear power plants. That’s a single customer. Bloom’s mid-year Data Center Power Report, published June 15, 2026, laid out the thesis in stark terms. According to the report, 61% of data center developers plan to utilize onsite power if grid capacity falls short. The report also projects that US IT load capacity could roughly double from approximately 80 GW in 2025 to around 150 GW by 2028. The report further estimates that onsite power solutions, including Bloom’s fuel cells, could be adopted by 30% of data center sites within the next seven years. ## Where crypto fits into the picture Some Bitcoin mining facilities have begun repurposing their infrastructure for AI workloads, creating yet another potential demand channel for Bloom’s solutions. Companies like Core Scientific and Hut 8 have been pursuing this aggressively, converting mining capacity into AI hosting services. The common bottleneck across all of these operations is the same: power availability. ## Not all smooth sailing Bloom’s stock experienced an approximately 39% decline from its June 2026 peak, driven by execution concerns and regulatory headwinds. Notably, aspects of Oracle’s large-scale project in New Mexico faced rejections from regulators, highlighting that building out massive onsite power generation isn’t just an engineering challenge. Community opposition regarding emissions and resource usage has also surfaced around some of these projects. ## What this means for investors The $25 billion Brookfield partnership and 2.8 GW Oracle deal suggest major institutional players believe the AI infrastructure buildout will proceed at pace. But the 39% drawdown from recent highs is a reminder that conviction and execution aren’t the same thing. The projected doubling of US IT load capacity from roughly 80 GW to 150 GW by 2028 represents one of the largest infrastructure buildouts in recent memory. Investors should watch for how quickly Bloom can convert its signed agreements into deployed megawatts, and whether regulatory pushback in states like New Mexico represents isolated incidents or a broader pattern that could slow the entire onsite power thesis. **Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our [Editorial Policy](https://cryptobriefing.com/editorial-policy/).