Bloom Energy and CoreWeave Partner to Revolutionize AI Data Center Power Solutions
July 16 2024 - 4:05PM
Business Wire
New Installation to Power Cloud-Based AI
Computing Models
Bloom Energy Corporation (NYSE: BE), a global leader in solid
oxide fuel cell technology, announced today a strategic partnership
with CoreWeave, Inc. This win underscores Bloom’s ability to meet
the rising energy demands of the rapidly growing AI sector.
Bloom will deploy its proprietary fuel cells to generate on-site
power for CoreWeave at a high-performance data center owned by
Chirisa Technology Parks located in Volo, Illinois. The modern data
center will allow for high-density deployments with advanced
cooling systems, allowing CoreWeave to offer performant and
efficient cloud solutions for AI. Bloom’s fuel cells are set to be
commissioned in Q3 2025.
“Bloom Energy is thrilled to have been selected by CoreWeave,”
said Aman Joshi, Bloom Energy’s Chief Commercial Officer. “This
validation from CoreWeave, a leader in AI, is a testament to our
leading-edge technology and its importance to AI.”
“We’re proud to partner with Bloom Energy and utilize their
industry-leading solid oxide fuel cell technology,” said Brian
Venturo, CoreWeave’s Chief Strategy Officer. “This partnership will
allow us to deliver unmatched performance and reliability to our
customers while advancing our sustainability objectives.”
With Bloom’s solid oxide fuel cells installed at customer sites
around the world, Bloom stands ready to meet the energy
requirements of the AI industry globally.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy
affordable for everyone in the world. Bloom Energy’s product, the
Bloom Energy Server, delivers highly reliable and resilient,
always-on electric power that is clean, cost-effective, and ideal
for microgrid applications. Bloom Energy’s customers include many
Fortune 100 companies and leaders in manufacturing, data centers,
healthcare, retail, higher education, utilities, and other
industries. For more information, visit www.bloomenergy.com.
Forward Looking Statements
This press release contains certain forward-looking statements,
which are subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally relate to future events or our future
financial or operating performance. In some cases, you can identify
forward-looking statements because they contain words such as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “should,” “will” and “would” or the negative of these words
or similar terms or expressions that concern Bloom’s expectations,
strategy, priorities, plans, or intentions. These forward-looking
statements include, but are not limited to, expectations concerning
the growth of the AI industry and power use, and the timing of
deployment of the Bloom Energy Servers. Readers are cautioned that
these forward-looking statements are only predictions and may
differ materially from actual future events or results due to a
variety of factors including, but not limited to, risks and
uncertainties detailed in Bloom’s SEC filings. More information on
potential risks and uncertainties that may impact Bloom’s business
are set forth in Bloom’s periodic reports filed with the SEC,
including its Annual Report on Form 10-K for the year ended
December 31, 2023, filed with the SEC on February 15, 2024, its
Quarterly Report on Form 10-Q for the quarter ended March 31, 2024,
filed with the SEC on May 9, 2024, as well as subsequent reports
filed with or furnished to the SEC. Bloom assumes no obligation to,
and does not intend to, update any such forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240716719982/en/
Bloom Media Contact press@bloomenergy.com
Bloom Investor Contact Ed Vallejo
investor@bloomenergy.com
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