Bloom Energy Drops After Crusoe Data-Center Pause Raises AI Power Worries
Bloom Energy shares fell Wednesday after a data-center project linked to the AI power ramp was put on hold. That pushed investors to ask how fast the fuel-cell pipeline, often in the news, will actually turn into revenue. The stock last changed hands at $235.92, off $23.69 from Tuesday’s finish. It moved between $230.72 and $258.66 earlier in the session. Crusoe is under pressure after reports surfaced that it put Project Jade on hold. The 1.8-gigawatt data-center campus was planned for Cheyenne, Wyoming. According to Data Center Dynamics, Crusoe stopped work after a customer asked it to pause. The customer’s name and the reason weren’t given. One gigawatt equals 1,000 megawatts, a size more common for utility power plants than a single data center.