Bloom Energy Targets AI Data Center Market with CoreWeave Partnership

Published 2 days agoBE

Bloom Energy Targets AI Data Center Market with CoreWeave Partnership

Bloom Energy is making waves in the AI data center sector with a strategic partnership announced in July 2024 with CoreWeave. The collaboration will focus on providing on-site power solutions using Bloom's fuel cells at a high-performance data center in Volo, Illinois, with commissioning set for the third quarter of 2025.

Data centers demand significant power, and Bloom Energy is addressing this with its Energy Server® platform. It aims to alleviate potential power shortages linked to growing AI technology needs in the U.S. market. This comes as the global AI data center market is expected to skyrocket from USD 14.3 billion in 2024 to USD 157.3 billion by 2034, marking a CAGR of 27.10%. Additionally, a Goldman Sachs report highlights a projected 160% surge in data center power demand by 2030, underscoring the importance of reliable energy solutions.

Bloom Energy is strategically positioning itself to exploit these burgeoning opportunities within the AI data center space. By addressing the dual challenges of rising demand and energy supply, the company is reinforcing its commitment to being a crucial player in the market's expansion. Its recent developments reflect a keen focus on sustainable growth and innovation.

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