Huatai Securities has highlighted that Bloom Energy has secured a strategic deal with Oracle, involving the purchase of 2.8GW in solid oxide fuel cells (SOFC) to bolster data center infrastructure development. The initial phase, encompassing 1.2GW, has already been contracted and is now being deployed. This development is poised to underscore the soaring electricity needs of U.S. data centers, fueling demand for transitional power solutions like fuel cells. Huatai Securities identifies three promising investment avenues: firstly, segments tied to Bloom Energy’s future capacity expansion, including basic materials and essential components, are anticipated to reap benefits; secondly, domestic fuel cell providers stand to gain from cost efficiencies spurred by widespread SOFC adoption and scale validation; thirdly, potential supply bottlenecks for key SOFC manufacturing metals—such as zirconium, scandium, and chromium—could favor overseas rare earth suppliers.