# Bloom Energy Stock Rises as Oracle Reports Rapid Progress on Project Jupiter Data Center

- URL: https://stocks.freetheai.org/news/bloom-energy-stock-rises-as-oracle-reports-rapid-progress-on-project-jupiter-8f77a6
- Published: 2026-10-19T19:50:36Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [NYSE:BE](https://stocks.freetheai.org/symbols/NYSE-BE), [NYSE:ORCL](https://stocks.freetheai.org/symbols/NYSE-ORCL)
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Bloom Energy Corporation (BE) shares gained 3.60% on Monday after Oracle Corporation (ORCL) stated that construction on its Project Jupiter data center campus in New Mexico is progressing rapidly. Oracle confirmed strong site progress at the facility, where Bloom Energy is set to serve as the primary power provider with up to 2.45 gigawatts of installed fuel cell capacity.

The update underscores momentum for cleaner power sources in massive artificial intelligence facilities. Oracle recently proposed an energy service agreement with El Paso Electric for the site, replacing traditional gas turbines and diesel generators with Bloom Energy's electrochemical fuel cells. The arrangement supports Oracle's goal to achieve 100% carbon-free energy matching for Project Jupiter by 2031 while meeting New Mexico renewable energy targets before 2045. Year to date, Bloom Energy stock has climbed about 163%, while Oracle shares have declined 33%.

Investors are closely watching the pace of data center construction across the technology sector to gauge when capital expenditures will generate revenue. With heavy debt financing funding much of the broader AI buildout, progress updates on major sites remain crucial indicators of operational timing and financial returns.

## Key points

- Bloom Energy Corporation (BE) shares rose 3.60% following positive construction progress updates on Oracle's Project Jupiter data center.
- Bloom Energy will act as the primary power source for the New Mexico facility, supplying up to 2.45 gigawatts of fuel cell capacity.
- The fuel cell system replaces planned gas turbines and diesel generators to support Oracle's 2031 carbon-free energy matching target.
- Bloom Energy stock has gained roughly 163% year-to-date, whereas Oracle Corporation shares have dropped 33% over the same period.

## Questions and answers

### Why did Bloom Energy stock go up?

Bloom Energy shares rose after Oracle reported rapid construction progress on its Project Jupiter data center in New Mexico, which will rely on Bloom fuel cells as its primary power source.

### How much fuel cell capacity will Bloom Energy supply to Oracle Project Jupiter?

Bloom Energy is slated to provide up to 2.45 gigawatts of installed fuel cell capacity for Oracle's Project Jupiter data center campus.

### What are Oracle's clean energy goals for Project Jupiter?

Oracle aims to achieve 100% carbon-free energy matching for the Project Jupiter campus by 2031 and support New Mexico's renewable energy goals before 2045.