Surge in Power Demand Fuels AI Infrastructure Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Fool
- Power Demand Forecast: Goldman Sachs anticipates that power demand in the U.S. data center market will rise from 31 gigawatts in 2025 to 66 gigawatts by 2027, primarily driven by the rapid expansion of AI infrastructure, making companies like Bloom Energy and Oneok attractive investment options.
- Bloom Energy's Market Positioning: Bloom Energy's solid oxide fuel cells provide on-site power, increasingly positioning the company as a core AI power supplier; Oracle's Project Jupiter in New Mexico will utilize up to 2.45 gigawatts from Bloom Energy servers, replacing previously planned gas turbines and diesel generators.
- Bloom Energy's Financial Performance: The company's revenue surged 130.4% year-over-year to $751.1 million, with management projecting fiscal 2026 revenue between $3.4 billion and $3.8 billion; however, Bloom Energy faces project timing risks, as shares recently fell nearly 10% due to construction delays at a 1.8-gigawatt Crusoe Energy data center project.
- Oneok's Growth Potential: Oneok's infrastructure for transporting and processing natural gas is becoming increasingly relevant, as it engages in advanced discussions with data center customers in Oklahoma and Texas, potentially addressing over 5 billion cubic feet of natural gas demand, with fiscal 2026 adjusted EBITDA expected to range from $8 billion to $8.5 billion, reflecting strong financial performance.
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Analyst Views on BE
Wall Street analysts forecast BE stock price to fall
19 Analyst Rating
8 Buy
9 Hold
2 Sell
Moderate Buy
Current: 248.880
Low
71.00
Averages
142.89
High
184.00
Current: 248.880
Low
71.00
Averages
142.89
High
184.00
About BE
Bloom Energy Corporation is engaged in stationary fuel cell power generation by market share. The Company provides distributed energy technology solutions to customers. The Company manufactures advanced and versatile fuel cell energy platforms, supporting the commercial availability of two products: the Bloom Energy Server for generating electricity and the Bloom Electrolyzer for producing hydrogen. With approximately 1.4 gigawatts (GW) of Energy Server systems deployed in more than 1,000 locations and nine countries. Its solid oxide fuel cell technology platform is the foundation for its Energy Server system and Bloom Electrolyzer. The Bloom Energy Server system is designed to deliver reliable, resilient, clean and affordable energy for utilities and organizations alike. Its Energy Server system is designed to deliver reliable electricity. The Bloom Electrolyzer is designed to provide hydrogen solutions based on the same solid oxide platform as its Energy Server systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bloom Energy and Oneok Address Data Center Power Demand
- Surging Power Demand: Goldman Sachs projects that power demand in the U.S. data center market will rise from 31 gigawatts (GW) in 2025 to 66 GW by 2027, primarily driven by the rapid expansion of AI infrastructure, presenting significant market opportunities for companies like Bloom Energy and Oneok.
- Bloom Energy's Market Positioning: Bloom Energy's solid oxide fuel cells provide on-site power, helping data center developers address electricity shortages and grid connection delays, positioning the company as a core AI power supplier rather than just a backup power vendor.
- Oneok's Infrastructure Advantage: Oneok's capabilities in transporting and processing natural gas are becoming increasingly relevant as data centers increase their demand for natural gas-fired power, with the company engaging in advanced discussions with customers and evaluating over 40 data-center-related counterparties for potential demand.
- Strong Financial Performance: Bloom Energy's revenue surged 130.4% year-over-year to $751.1 million, with fiscal 2026 revenue expected between $3.4 billion and $3.8 billion, while Oneok's adjusted EBITDA increased 13% year-over-year to nearly $2 billion in Q1 2026, showcasing robust performance for both companies in the market.
See More
Surge in Power Demand Fuels AI Infrastructure Growth
- Power Demand Forecast: Goldman Sachs anticipates that power demand in the U.S. data center market will rise from 31 gigawatts in 2025 to 66 gigawatts by 2027, primarily driven by the rapid expansion of AI infrastructure, making companies like Bloom Energy and Oneok attractive investment options.
- Bloom Energy's Market Positioning: Bloom Energy's solid oxide fuel cells provide on-site power, increasingly positioning the company as a core AI power supplier; Oracle's Project Jupiter in New Mexico will utilize up to 2.45 gigawatts from Bloom Energy servers, replacing previously planned gas turbines and diesel generators.
- Bloom Energy's Financial Performance: The company's revenue surged 130.4% year-over-year to $751.1 million, with management projecting fiscal 2026 revenue between $3.4 billion and $3.8 billion; however, Bloom Energy faces project timing risks, as shares recently fell nearly 10% due to construction delays at a 1.8-gigawatt Crusoe Energy data center project.
- Oneok's Growth Potential: Oneok's infrastructure for transporting and processing natural gas is becoming increasingly relevant, as it engages in advanced discussions with data center customers in Oklahoma and Texas, potentially addressing over 5 billion cubic feet of natural gas demand, with fiscal 2026 adjusted EBITDA expected to range from $8 billion to $8.5 billion, reflecting strong financial performance.
See More
Surge in Power Demand for Global AI Infrastructure
- Surge in Power Demand: Goldman Sachs forecasts that power demand in the U.S. data center market will rise from 31 gigawatts in 2025 to 66 gigawatts by 2027, primarily driven by the rapid expansion of AI infrastructure, presenting significant market opportunities for energy infrastructure companies.
- Bloom Energy's Market Positioning: Bloom Energy's solid oxide fuel cells provide on-site power for data center developers, expected to supply up to 2.45 gigawatts of power for Oracle's multi-gigawatt AI factory in New Mexico, replacing previously planned gas turbines, highlighting its core role in AI power supply.
- Oneok's Growth Potential: Oneok's infrastructure for transporting and processing natural gas is becoming increasingly relevant as data centers demand more natural gas-fired power, with advanced discussions underway with multiple customers representing over 5 billion cubic feet of potential daily demand.
- Strong Financial Performance: Bloom Energy's revenue surged 130.4% year-over-year to $751.1 million, with fiscal 2026 revenue expected between $3.4 billion and $3.8 billion, while Oneok's adjusted EBITDA increased 13% to nearly $2 billion in Q1 2026, showcasing both companies' attractiveness in the AI economy.
See More
Bloom Energy Reports 130% Revenue Growth in Q1
- Significant Revenue Growth: Bloom Energy's Q1 revenue surged 130% year-over-year to $751.1 million, driven by a 208% increase in product revenue, indicating strong demand in the data center market, with 2026 revenue projected to reach $3.4 to $3.8 billion, reflecting an approximately 80% growth.
- Surge in Power Equipment Orders: GE Vernova's Q1 orders increased 71% year-over-year to $18.3 billion, with gas turbine orders and slot reservations rising from 83 gigawatts to 100 gigawatts, showcasing robust demand for grid equipment, with expectations to reach at least 110 gigawatts by the end of 2026.
- Long-term Nuclear Agreements: Vistra has signed long-term nuclear power agreements with Amazon and Meta, providing up to 1,200 megawatts and 2,609 megawatts of nuclear energy, respectively, further solidifying its position in the competitive U.S. power market, with 2023 EBITDA expected to reach $6.8 to $7.6 billion.
- Market Risks and Opportunities: Despite facing risks related to project timing and demand fluctuations, ongoing demand signals suggest that the electricity bottleneck presents investors with a more grounded investment opportunity in the AI boom, particularly in the power infrastructure sector.
See More
Surge in AI Infrastructure Investments
- Financing Platform Launch: Broadcom, in collaboration with Apollo Global Management and Blackstone, has initiated a financing platform aimed at achieving over 20 gigawatts of AI compute capacity by 2028, starting with a $35 billion tranche, indicating strong market demand for AI infrastructure.
- Bloom Energy Revenue Surge: Bloom Energy reported a 130% year-over-year revenue increase in Q1, reaching $751.1 million, with product revenue soaring 208%, and it now expects 2026 revenue to hit between $3.4 billion and $3.8 billion, highlighting its market leadership in data center power solutions.
- GE Vernova Order Surge: GE Vernova's Q1 orders surged 71% year-over-year to $18.3 billion, pushing total backlog to $163 billion, reflecting robust demand in the grid equipment market, with expectations to reach at least 110 gigawatts of generation capacity by the end of 2026.
- Vistra Long-term Agreements: Vistra has signed 20-year power purchase agreements with Amazon and Meta to supply up to 2,609 megawatts of nuclear power, further solidifying its position among competitive power producers in the U.S., while also planning to acquire 5,500 megawatts of natural gas generation capacity to enhance market competitiveness.
See More
LIXTE Acquires NOMAD to Address Power Shortages
- Power Supply Challenge: Approximately 2.3 terawatts of generation and storage capacity are currently in U.S. interconnection queues, with the time to develop new capacity extending from two years to five to seven years, highlighting the urgency and investment opportunity in power supply.
- Strategic Acquisition: LIXTE Biotechnology Holdings has announced the acquisition of NOMAD Transportable Power Systems, intending to rename itself NOMAD Power Solutions, which emphasizes its commitment to the power availability market and innovative solutions.
- Market Growth Potential: NOMAD's mobile battery systems can bypass the complex approval processes of traditional power projects, which is expected to drive rapid growth in the North American market, with management projecting a revenue increase of approximately 175% year-over-year in 2025.
- Competitive Advantage: NOMAD's transportable systems provide a significant competitive edge in regions where battery storage projects face restrictions, enabling quick deployment to meet urgent customer power needs, positioning the company as a key player in emerging power infrastructure.
See More
Bloom Energy and Oneok Address Data Center Power Demand
- Surging Power Demand: Goldman Sachs projects that power demand in the U.S. data center market will rise from 31 gigawatts (GW) in 2025 to 66 GW by 2027, primarily driven by the rapid expansion of AI infrastructure, presenting significant market opportunities for companies like Bloom Energy and Oneok.
- Bloom Energy's Market Positioning: Bloom Energy's solid oxide fuel cells provide on-site power, helping data center developers address electricity shortages and grid connection delays, positioning the company as a core AI power supplier rather than just a backup power vendor.
- Oneok's Infrastructure Advantage: Oneok's capabilities in transporting and processing natural gas are becoming increasingly relevant as data centers increase their demand for natural gas-fired power, with the company engaging in advanced discussions with customers and evaluating over 40 data-center-related counterparties for potential demand.
- Strong Financial Performance: Bloom Energy's revenue surged 130.4% year-over-year to $751.1 million, with fiscal 2026 revenue expected between $3.4 billion and $3.8 billion, while Oneok's adjusted EBITDA increased 13% year-over-year to nearly $2 billion in Q1 2026, showcasing robust performance for both companies in the market.
See More
Surge in Power Demand Fuels AI Infrastructure Growth
- Power Demand Forecast: Goldman Sachs anticipates that power demand in the U.S. data center market will rise from 31 gigawatts in 2025 to 66 gigawatts by 2027, primarily driven by the rapid expansion of AI infrastructure, making companies like Bloom Energy and Oneok attractive investment options.
- Bloom Energy's Market Positioning: Bloom Energy's solid oxide fuel cells provide on-site power, increasingly positioning the company as a core AI power supplier; Oracle's Project Jupiter in New Mexico will utilize up to 2.45 gigawatts from Bloom Energy servers, replacing previously planned gas turbines and diesel generators.
- Bloom Energy's Financial Performance: The company's revenue surged 130.4% year-over-year to $751.1 million, with management projecting fiscal 2026 revenue between $3.4 billion and $3.8 billion; however, Bloom Energy faces project timing risks, as shares recently fell nearly 10% due to construction delays at a 1.8-gigawatt Crusoe Energy data center project.
- Oneok's Growth Potential: Oneok's infrastructure for transporting and processing natural gas is becoming increasingly relevant, as it engages in advanced discussions with data center customers in Oklahoma and Texas, potentially addressing over 5 billion cubic feet of natural gas demand, with fiscal 2026 adjusted EBITDA expected to range from $8 billion to $8.5 billion, reflecting strong financial performance.
See More
Surge in Power Demand for Global AI Infrastructure
- Surge in Power Demand: Goldman Sachs forecasts that power demand in the U.S. data center market will rise from 31 gigawatts in 2025 to 66 gigawatts by 2027, primarily driven by the rapid expansion of AI infrastructure, presenting significant market opportunities for energy infrastructure companies.
- Bloom Energy's Market Positioning: Bloom Energy's solid oxide fuel cells provide on-site power for data center developers, expected to supply up to 2.45 gigawatts of power for Oracle's multi-gigawatt AI factory in New Mexico, replacing previously planned gas turbines, highlighting its core role in AI power supply.
- Oneok's Growth Potential: Oneok's infrastructure for transporting and processing natural gas is becoming increasingly relevant as data centers demand more natural gas-fired power, with advanced discussions underway with multiple customers representing over 5 billion cubic feet of potential daily demand.
- Strong Financial Performance: Bloom Energy's revenue surged 130.4% year-over-year to $751.1 million, with fiscal 2026 revenue expected between $3.4 billion and $3.8 billion, while Oneok's adjusted EBITDA increased 13% to nearly $2 billion in Q1 2026, showcasing both companies' attractiveness in the AI economy.
See More
Bloom Energy Reports 130% Revenue Growth in Q1
- Significant Revenue Growth: Bloom Energy's Q1 revenue surged 130% year-over-year to $751.1 million, driven by a 208% increase in product revenue, indicating strong demand in the data center market, with 2026 revenue projected to reach $3.4 to $3.8 billion, reflecting an approximately 80% growth.
- Surge in Power Equipment Orders: GE Vernova's Q1 orders increased 71% year-over-year to $18.3 billion, with gas turbine orders and slot reservations rising from 83 gigawatts to 100 gigawatts, showcasing robust demand for grid equipment, with expectations to reach at least 110 gigawatts by the end of 2026.
- Long-term Nuclear Agreements: Vistra has signed long-term nuclear power agreements with Amazon and Meta, providing up to 1,200 megawatts and 2,609 megawatts of nuclear energy, respectively, further solidifying its position in the competitive U.S. power market, with 2023 EBITDA expected to reach $6.8 to $7.6 billion.
- Market Risks and Opportunities: Despite facing risks related to project timing and demand fluctuations, ongoing demand signals suggest that the electricity bottleneck presents investors with a more grounded investment opportunity in the AI boom, particularly in the power infrastructure sector.
See More
Surge in AI Infrastructure Investments
- Financing Platform Launch: Broadcom, in collaboration with Apollo Global Management and Blackstone, has initiated a financing platform aimed at achieving over 20 gigawatts of AI compute capacity by 2028, starting with a $35 billion tranche, indicating strong market demand for AI infrastructure.
- Bloom Energy Revenue Surge: Bloom Energy reported a 130% year-over-year revenue increase in Q1, reaching $751.1 million, with product revenue soaring 208%, and it now expects 2026 revenue to hit between $3.4 billion and $3.8 billion, highlighting its market leadership in data center power solutions.
- GE Vernova Order Surge: GE Vernova's Q1 orders surged 71% year-over-year to $18.3 billion, pushing total backlog to $163 billion, reflecting robust demand in the grid equipment market, with expectations to reach at least 110 gigawatts of generation capacity by the end of 2026.
- Vistra Long-term Agreements: Vistra has signed 20-year power purchase agreements with Amazon and Meta to supply up to 2,609 megawatts of nuclear power, further solidifying its position among competitive power producers in the U.S., while also planning to acquire 5,500 megawatts of natural gas generation capacity to enhance market competitiveness.
See More
LIXTE Acquires NOMAD to Address Power Shortages
- Power Supply Challenge: Approximately 2.3 terawatts of generation and storage capacity are currently in U.S. interconnection queues, with the time to develop new capacity extending from two years to five to seven years, highlighting the urgency and investment opportunity in power supply.
- Strategic Acquisition: LIXTE Biotechnology Holdings has announced the acquisition of NOMAD Transportable Power Systems, intending to rename itself NOMAD Power Solutions, which emphasizes its commitment to the power availability market and innovative solutions.
- Market Growth Potential: NOMAD's mobile battery systems can bypass the complex approval processes of traditional power projects, which is expected to drive rapid growth in the North American market, with management projecting a revenue increase of approximately 175% year-over-year in 2025.
- Competitive Advantage: NOMAD's transportable systems provide a significant competitive edge in regions where battery storage projects face restrictions, enabling quick deployment to meet urgent customer power needs, positioning the company as a key player in emerging power infrastructure.
See More
