Power has become one of the biggest bottlenecks in the global artificial intelligence (AI) build-out. Goldman Sachs expects the demand for power in the U.S. data center market to rise from 31 gigawatts (GW) in 2025 to 66 GW by 2027, driven mainly by the rapid expansion of AI infrastructure.
Hence, companies that provide the power and energy infrastructure supporting the AI economy, such as Bloom Energy (NYSE: BE) and Oneok (NYSE: OKE), can also prove to be smart picks. Here’s why.
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Bloom Energy
Bloom Energy’s solid oxide fuel cells provide on-site power, which is becoming increasingly valuable for data-center developers facing electricity shortages and grid connection delays.
Bloom Energy is positioning itself as a core AI power supplier, not just a backup power vendor. Oracle‘s (NYSE: ORCL) Project Jupiter, an upcoming multi-gigawatt AI factory in New Mexico, will use up to 2.45 GW of power from Bloom Energy servers. That replaces previously planned gas turbines and backup diesel generators.
Additionally, more than half of Bloom Energy’s current data-center backlog comes from contracts with other hyperscalers, AI-focused cloud providers, and colocation operators that lease data-center capacity to customers at the end of the first quarter of fiscal 2026 (ending March 31, 2026). The company also exited fiscal 2025 with roughly $20 billion of total current backlog.
The financial results are beginning to reflect that demand momentum. The company’s revenue surged 130.4% year over year to $751.1 million. Management now expects full-year fiscal 2026 revenue to fall in the range of $3.4 billion to $3.8 billion.
However, Bloom Energy is also exposed to significant project-timing risk. Shares recently fell nearly 10%, after reports that construction was paused at a 1.8 GW Crusoe Energy data…
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