CICC(SH:601995) Zheng Quan Shi Bao Wang·2025-08-29 00:21Core Insights - Bloom Energy's management announced plans to deploy on-site fuel cell systems for Oracle's data centers in the U.S. during the Q2 2025 earnings call [1] - The company has previously established agreements with Equinix, American Electric Power (AEP), and Quanta Computing [1] - Bloom Energy has deployed over 400 MW of power for data centers globally [1] Industry Outlook - The Solid Oxide Fuel Cell (SOFC) systems are expected to become a new solution for data center power supply [1] - The annual average installed capacity of SOFC in North American data centers is projected to reach between 0.5 GW and 1.25 GW from 2026 to 2030 [1] - SOFC technology is characterized by strong fuel adaptability, environmental friendliness, and flexible deployment, showing potential in fixed power generation, residential micro-cogeneration, transportation, and portable applications [1] - The current economic viability remains a bottleneck for the application of SOFC in data centers [1]