Beyond Bloom Energy: This Fuel Cell Company Landed a Huge Data Center Deal

As AI data centers drive unprecedented electricity demand, fuel cell companies are positioned to benefit. Bloom Energy's stock has surged over 1,000% since early 2025 due to strong data center demand. FuelCell Energy recently secured a major deal with Fit Energy for up to 380 MW of fuel cell systems, though only 30 MW is committed initially. However, FuelCell remains high-risk due to significant cash burn, shareholder dilution, and the need to prove it can deliver on its commitments.