Bloom Energy CEO K.R. Sridhar: AI spend and infrastructure buildout will last for a long time

Summary

K.R. Sridhar of Bloom Energy discusses the AI-driven data center power buildout, calling AI spending and infrastructure secular. He argues the key bottleneck through 2030 is firm, reliable on-site power, not just grid supply, and positions Bloom as the fastest and most efficient provider. He cites the Oracle 90-day deployment and plans to double manufacturing capacity to 2 GW by end-2026, with potential to 5 GW, while responding to valuation and visibility concerns.

• Bloom Energy CEO K.R. Sridhar says AI spending and infrastructure buildout are secular.
• He says data center power availability, especially on-site firm power, is the chief bottleneck to 2030.
• The U.S. needs 100 GW of firm reliable power by 2030; the grid can supply only a portion.
• Hyperscaler capex is running near $2 billion per day in the U.S. in 2025, driving power demand.
• Bloom is deploying for Oracle and reiterates 90-day power delivery from signing.
• Bloom plans to double manufacturing capacity from 1 GW to 2 GW by end-2026, with possible 5 GW later.
• Sridhar says Bloom fuel cells are 75% more efficient than a 50 MW turbine for data center power.
• The discussion follows a Jefferies downgrade tied to valuation and 2027 visibility concerns.