Bloom Energy and Quanta Computer Forge Transformative Partnership to Power Silicon Valley's AI Revolution
April 29 2024 - 3:01PM
Business Wire
Bloom Energy (NYSE: BE), a global leader in solid oxide fuel
cell technology, announced today a groundbreaking partnership with
Quanta Computer Inc. (TWSE: 2382.TW), a premier Taiwanese
electronics manufacturer. The partnership adds another significant
proof-point in Bloom Energy’s capability to meet the
ever-increasing time-to-power challenges of the burgeoning AI
sector.
Quanta Computer, renowned for manufacturing a vast array of
cutting-edge electronics for top-notch PC and Cloud providers
worldwide, has long been at the forefront of the digital
revolution. As AI technology continues to reshape industries across
the globe, Quanta's role in supplying high-powered servers for AI
computations has become increasingly pivotal.
The partnership arose from a critical challenge Quanta faced in
powering its planned manufacturing expansion in Fremont, CA: the
local utility company indicated it would take several years to
provide the electricity required to fully power operations at the
facility. With commitments to promptly deliver products to clients
for expediting their AI infrastructure and services readiness,
Quanta needed a clean and affordable solution to rapidly deliver
reliable power.
The power solution is a fully islanded microgrid, which will
power Quanta Computer’s operations around the clock, 24/7 365 days
a year. By leveraging Bloom Energy’s innovative and modular
microgrid solution, Quanta is circumventing the lengthy delays and
conditions associated with traditional utility constraints to
maintain its competitive edge in the fast-paced Silicon Valley
market.
“This highly reliable offering, that is not connected to the
utility power grid, offers Quanta Computer a self-reliant solution
and underscores the versatility of Bloom Energy’s Energy Server®
platform,” said KR Sridhar, Founder, Chairman, and CEO of Bloom
Energy. "In an era where the AI boom is simultaneously driving
unprecedented electricity demand and economic growth, Bloom
Energy's fuel cell technology offers a scalable and environmentally
friendly alternative to conventional utility infrastructure that is
unable to keep up."
This project not only addresses Quanta's immediate energy needs
but also exemplifies a broader trend across the technology
industry: as AI-driven applications proliferate, demand for
electricity-intensive computing resources continues to surge. Bloom
Energy's Energy Server fuel cell technology provides a scalable,
quick to deploy, combustion-free, and fuel-flexible alternative to
traditional power sources, enabling companies like Quanta to meet
the evolving demands of the AI era.
Forward Looking Statements
This press release contains certain forward-looking statements,
which are subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally relate to future events or our future
financial or operating performance. In some cases, you can identify
forward-looking statements because they contain words such as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “should,” “will” and “would” or the negative of these words
or similar terms or expressions that concern Bloom’s expectations,
strategy, priorities, plans, or intentions. These forward-looking
statements include, but are not limited to, expectations regarding
the partnership with Quanta Computer, the timing for delivery and
installation of the microgrid, the growth of AI, and related demand
for electricity. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from
actual future events or results due to a variety of factors
including, but not limited to, risks and uncertainties detailed in
Bloom’s SEC filings. More information on potential risks and
uncertainties that may impact Bloom’s business are set forth in
Bloom’s periodic reports filed with the SEC, including its Annual
Report on Form 10-K for the year ended December 31, 2023, filed
with the SEC on February 15, 2024, as well as subsequent reports
filed with or furnished to the SEC. Bloom assumes no obligation to,
and does not intend to, update any such forward-looking
statements.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy
affordable for everyone in the world. Bloom Energy’s product, the
Bloom Energy Server, delivers highly reliable and resilient,
always-on electric power that is clean, cost-effective, and ideal
for microgrid applications. Bloom Energy’s customers include many
Fortune 100 companies and leaders in manufacturing, data centers,
healthcare, retail, higher education, utilities, and other
industries.
For more information, visit www.bloomenergy.com.
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Media Relations: press@bloomenergy.com
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