Bloom Energy’s revenue surged 130.4% year over year
Bloom Energy is positioning itself as a core AI power supplier, driven by the rapid expansion of AI infrastructure. The company’s solid oxide fuel cells provide on-site power, which is becoming increasingly valuable for data-center developers facing electricity shortages and grid connection delays.
The company exited fiscal 2025 with roughly $20 billion of total current backlog. More than half of Bloom Energy’s current data-center backlog comes from contracts with hyperscalers, AI-focused cloud providers, and colocation operators.
Oracle’s Project Jupiter will use up to 2.45 GW of power from Bloom Energy servers, replacing previously planned gas turbines and backup diesel generators. This demand momentum is reflected in the company’s financial results, with revenue increasing significantly.
Bloom Energy’s growth is driven by the rising demand for power in the U.S. data center market, which is expected to rise from 31 gigawatts in 2025 to 66 GW by 2027.