Bloom Energy to Supply American Electric Power With up to 1 GW of Fuel Cells-March 2024-www.financetom.com

Bloom Energy to Supply American Electric Power With up to 1 GW of Fuel Cells

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Bloom Energy to Supply American Electric Power With up to 1 GW of Fuel Cells

Nov 15, 2024 12:16 PM

03:45 AM EST, 11/15/2024 (MT Newswires) -- Bloom Energy ( BE ) has signed an agreement to supply American Electric Power ( AEP ) up to 1 gigawatt of its fuel cells, the two companies said in separate statements Thursday.

Financial terms were not disclosed.

As part of the deal, American Electric Power ( AEP ) has already placed an order for 100 megawatts of fuel cells and plans to order more in 2025, the companies said.

The initial installation of the fuel cells will help meet the power needs of AI data centers.

The fuel cells can run on 100% hydrogen or any blend with natural gas, Bloom said.

Price: 10.14, Change: +0.20, Percent Change: +2.01

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