Bloom Energy announced on November 14, 2024, that it has signed a supply agreement with American Electric Power (AEP) for up to 1 gigawatt (GW) of its products. This agreement marks the largest commercial procurement of fuel cells in the world to date.
As part of this landmark deal, AEP has placed an initial order for 100 megawatts (MW) of fuel cells. Further expansion orders are expected in 2025, indicating a long-term commitment and significant growth potential.
The fuel cell solutions provided by Bloom Energy are intended to meet the immediate power needs of AI data centers, offering rapid deployment and high availability. This partnership expands Bloom’s previous work with AEP in deploying solid oxide fuel cells in commercial and industrial settings.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.