The rapid advancement of artificial intelligence (AI) has sparked a surge in energy demand, necessitating reliable and sustainable energy solutions. Companies are exploring scalable, renewable energy sources, including nuclear energy, to meet growing demands.
NuScale Power, which focuses on small modular reactors (SMRs), is gaining interest. However, widespread implementation is expected to occur in the 2030s, leaving a need for near-term solutions. That’s where Bloom Energy comes in, with its fuel cell technology offering reliable, low-carbon energy and microgrid solutions.
Bloom’s solid-oxide fuel cells can provide power on-site with reduced emissions, addressing energy needs immediately rather than years from now. The company recently secured a significant agreement with American Electric Power to purchase up to 1 gigawatt of solid-state fuel cells for its data centers. This deal is seen as a game-changer for Bloom and demonstrates the potential for its technology in commercial and industrial applications.
In contrast, nuclear energy technology is still developing. NuScale has hurdles to overcome before commercializing its product. As such, companies like Bloom Energy are better positioned to address near-term energy needs, making it an attractive buy in 2025.
Source: https://finance.yahoo.com/news/move-over-nuscale-power-little-091300135.html