A Delayed Pipeline Just Put Bloom Energy's Role in a $165 Billion AI Project in Question
Bloom Energy's fuel cells would power this massive data center.
Energy Transfer, a prominent natural gas pipeline company, faced delays in the construction of its Green Chile project due to permitting complications. This delay has significant ramifications for Bloom Energy, a fuel cell manufacturer that supplies power equipment to Oracle's Project Jupiter. Project Jupiter is a massive AI data center in New Mexico, with a potential capacity of up to 2.5 gigawatts.
The natural gas from the Green Chile project would have fueled Bloom Energy's fuel cells, providing power to the data center complex. However, Bloomberg reported that Oracle, the project's developer, sent a force majeure notice to the project's developer, Stack Infrastructure, a Blue Owl Capital unit. This notice aims to safeguard Oracle from potential cost surges due to the project's delay.
Despite Oracle's commitment to the $165 billion project, the Green Chile pipeline delay casts uncertainty on when Bloom Energy will deliver the necessary fuel cells.
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