Bloom Energy Says It Has Visibility on 25 Gigawatts of Deployments. Here's What That Would Be Worth.
Management thinks AI's growing electricity needs can turn its fuel-cell technology into a multibillion-dollar power platform.
Bloom Energy, a prominent player in the energy sector, has announced its visibility on 25 gigawatts of deployments, a statement that has caught the attention of investors. This visibility, according to the company's CEO K.R. Sridhar, is based on the availability of scandium, a critical element needed for the company's operations, which is abundant enough to power the entire planet.
Sridhar also reassured investors that Bloom Energy is not reliant on China for its scandium supply. The company's recent Q2 earnings call saw Sridhar emphasize three key points to investors: the vast scandium resources available, the 25 gigawatts of deployments under Bloom Energy's visibility, and the company's independence from Chinese supply chains.
Brief written by urgent.news from Motley Fool's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
