The Part of the AI Power Story Everyone's Ignoring -- and the Stock Cashing in on It
Written by Matt DiLallo for The Motley Fool -> The AI infrastructure power story extends well beyond data centers. Advanced manufacturing facilities making the equipment for AI data centers also ne…
The AI infrastructure power story extends well beyond data centers.
Advanced manufacturing facilities making the equipment for AI data centers also need rapid access to power.
That's providing an additional opportunity for Bloom Energy to cash in on the AI power megatrend.
The massive investment in building AI data centers is one of the biggest storylines this year. It coincides with a similar headline. Power is the biggest bottleneck in developing this crucial AI infrastructure. That's driving robust demand for all forms of power, including gas, nuclear, and battery storage.
However, data centers aren't the only AI infrastructure that requires power. The companies manufacturing the chips, servers, and other equipment vital to these facilities also need energy. That's providing an additional opportunity for Bloom Energy (NYSE: BE) to cash in on the AI power story. The hydrogen fuel cell company recently expanded its partnership with MiTAC Computing Technology, a leader in high-performance, energy-efficient server solutions for AI data centers.
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Bloom Energy will deploy fuel cell systems for an islanded microgrid at MiTEC's AI server manufacturing campus in Fremont, California. It's an expansion of its existing partnership with MiTEC. Bloom has also installed a fuel cell microgrid at the company's San Jose manufacturing facility.
Companies like MiTEC are facing the same power constraints as AI data center developers. They need more power quickly, which is an issue given the time required for permitting and grid interconnection. They can't wait for the grid to supply their needs, which is why they're turning to Bloom Energy's rapidly deployable onsite power solutions.
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