{"slug":"bloom-energy","name":"Bloom Energy","name_en":"Bloom Energy","ticker":"BE","updated_at":"2026-07-12T05:01:56.597232+00:00","canonical":"https://valuechain.wiki/bloom-energy","same_as":["https://finance.yahoo.com/quote/BE","https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1664703"],"citable":"밸류체인 그래프 기준 Bloom Energy의 직접 연결 기업은 4곳(관계 기준 공급 1·매출 3)이고, 사슬을 2차까지 넓히면 8곳에 닿는다. 링크의 근거 출처는 8건이며 그중 1차공시가 3건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Bloom Energy is directly linked to 4 companies (1 supply, 3 revenue relationships) and reaches 8 companies within two hops; the links are backed by 8 dated sources, 3 of them primary filings (as of 2026-07-12).","kicker":"데이터센터 연료전지(SOFC)","kicker_en":"Datacenter fuel cells (SOFC)","lead":"고체산화물 연료전지(SOFC) 기업. 90일 내 데이터센터 온사이트 발전이 가능해 AI 전력난의 빠른 해법으로 떠올랐다. 오라클과 최대 2.8GW 배치(초기 1.2GW 계약), AEP $27억, 브룩필드 $50억 파트너십, SK에코플랜트 500MW 유통. 2025년 주가 +1000%. 전력 병목의 분산발전 축.","lead_en":"A solid-oxide fuel-cell (SOFC) company. It can deploy on-site datacenter power within 90 days, emerging as a fast fix for AI power shortages. Up to 2.8GW with Oracle (1.2GW contracted), $2.7B with AEP, a $5B Brookfield partnership, and 500MW via SK ecoplant. Stock +1000% in 2025. The distributed-generation pillar of the power bottleneck.","segments":{"fy":2025,"parts":[{"desc":"SOFC 연료전지 — 90일 내 온사이트 발전으로 AI 전력난의 빠른 해법","name":"SOFC 연료전지"},{"desc":"데이터센터 온사이트 발전 — 오라클·AEP 등 대형 계약이 수주 가시성","name":"데이터센터 온사이트 발전"}],"total":"20.2억 달러 (2025, +37.3%)","concentration":"오라클 최대 2.8GW·SK에코플랜트 500MW·99.999% 가동. AI 데이터센터 온사이트 전력. 99.999% 가동."},"segments_en":{"fy":2025,"parts":[{"desc":"SOFC fuel cells — a fast fix for AI power shortages via on-site power within 90 days","name":"SOFC fuel cells"},{"desc":"Datacenter on-site power — large deals with Oracle and AEP giving order visibility","name":"Datacenter on-site power"}],"total":"$2.02bn (FY2025, +37.3%)","concentration":"Up to 2.8GW Oracle, 500MW SK ecoplant, 99.999% uptime. On-site AI-datacenter power; 99.999% uptime."},"returns_yearly":{"2021":-23.5,"2022":-12.8,"2023":-22.6,"2024":50.1,"2025":291.2,"2026":181.5},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"starbucks","name":"Starbucks Corp","name_en":"Starbucks Corp","tier":3,"returns_yearly":{"2021":11.1,"2022":-13.2,"2023":-1.2,"2024":-2.5,"2025":-5.3,"2026":27.4}},{"slug":"johnson-controls","name":"존슨 컨트롤스","name_en":"Johnson Controls","tier":3,"returns_yearly":{"2021":77.4,"2022":-19.3,"2023":-7.6,"2024":39.8,"2025":53,"2026":20}},{"slug":"voyager-technologies","name":"보이저 테크놀로지스","name_en":"Voyager Technologies","tier":3,"returns_yearly":{"2026":19.2}},{"slug":"snowflake","name":"Snowflake","name_en":"Snowflake","tier":3,"returns_yearly":{"2021":20.4,"2022":-57.6,"2023":38.6,"2024":-22.4,"2025":42.1,"2026":19.2}},{"slug":"costco","name":"Costco Wholesale","name_en":"Costco Wholesale","tier":3,"returns_yearly":{"2021":51.8,"2022":-19,"2023":49,"2024":39.6,"2025":-5.4,"2026":6.6}},{"slug":"walmart","name":"Walmart Inc","name_en":"Walmart Inc","tier":3,"returns_yearly":{"2021":2,"2022":-0.5,"2023":12.9,"2024":74,"2025":24.5,"2026":2.6}},{"slug":"servicenow","name":"ServiceNow","name_en":"ServiceNow","tier":3,"returns_yearly":{"2021":17.9,"2022":-40.2,"2023":82,"2024":50.1,"2025":-27.7,"2026":-29.7}},{"slug":"uber","name":"Uber","name_en":"Uber","tier":2,"returns_yearly":{"2021":-17.8,"2022":-41,"2023":149,"2024":-2,"2025":35.5,"2026":-8.8}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":2,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":-20}},{"slug":"palantir","name":"Palantir","name_en":"Palantir Technologies","tier":2,"returns_yearly":{"2021":-22.7,"2022":-64.7,"2023":167.4,"2024":340.5,"2025":135,"2026":-28.7}},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":2,"returns_yearly":null},{"slug":"equinix","name":"Equinix","name_en":"Equinix","tier":1,"returns_yearly":{"2021":20.3,"2022":-21.1,"2023":25.4,"2024":19.5,"2025":-16.9,"2026":38.6}},{"slug":"aep","name":"American Electric Power","name_en":"American Electric Power","tier":1,"returns_yearly":{"2021":10.7,"2022":10.4,"2023":-11,"2024":18.2,"2025":29.4,"2026":19.2}},{"slug":"oracle","name":"Oracle","name_en":"Oracle","tier":1,"returns_yearly":{"2021":36.9,"2022":-4.6,"2023":30.9,"2024":60,"2025":18.1,"2026":-27.4}}],"benefiting":[{"slug":"ls-electric","name":"LS일렉트릭","name_en":"LS ELECTRIC","tier":1,"returns_yearly":{"2021":-19.2,"2022":11.4,"2023":37.4,"2024":234.2,"2025":145,"2026":79.6}}],"analysis":"고체산화물 연료전지(SOFC)로 데이터센터에 90일 내 온사이트 발전을 대는 기업으로, AI 전력난의 '빠른 해법'이라는 희소 포지션이 강점이다. 성장 논지는 전력 병목 — 그리드 증설이 늦는 사이 오라클(최대 2.8GW)·AEP(1GW)·브룩필드·SK에코플랜트 등 대형 계약이 수주 가시성을 만든다. 리스크는 천연가스 연료 의존과 대규모 캐파 증설(1→2GW) 실행이며, 그래프상 이 회사는 하이퍼스케일러·유틸리티 수요를 받고 LS일렉트릭(수배전반) 등 전력설비 공급단으로 지출이 번지는 분산발전 축이다.","analysis_en":"A solid-oxide fuel-cell (SOFC) company supplying on-site datacenter power within 90 days, its edge the scarce position as a 'fast fix' for AI power shortages. The thesis is the power bottleneck — while grid expansion lags, large deals with Oracle (up to 2.8GW), AEP (1GW), Brookfield and SK ecoplant create order visibility. Risks are dependence on natural-gas fuel and executing large capacity expansion (1→2GW), and in graph terms it is a distributed-generation axis taking hyperscaler/utility demand while spending ripples to power-equipment suppliers like LS Electric (switchgear).","analysis_asof":"2026-07-09"},"edges":[{"direction":"cost","counterparty":"LS일렉트릭","counterparty_slug":"ls-electric","confidence":"high","metric":{"type":"contract","unit":"USD","as_of":"2026-04","value":216526100},"note":"북미 데이터센터 연료전지 전력설비 프로젝트에 필요한 수배전반과 배전변압기를 LS일렉트릭(미국 자회사 LS ELECTRIC AMERICA)에서 2억1,652만달러에 공급받는다.","note_en":"For its North American data center fuel-cell power projects, Bloom Energy sources switchgear and distribution transformers from LS Electric (via LS ELECTRIC AMERICA) under a 216.5 million dollar contract.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-04-29","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260429800110","title":"단일판매ㆍ공급계약체결 (북미 데이터센터용 연료전지 전력설비 공급)","title_en":"Single Supply Contract - North America data center fuel-cell power equipment","excerpt":"- 본 계약은 Bloom Energy가 발주한 북미 데이터센터용 연료전지 기반 전력설비 공급 프로젝트를 수주한 LS ELECTRIC AMERICA Inc.에 당사가 수배전반 및 배전변압기를 공급하는 사업임. USD 216,526,100.","excerpt_en":"LS Electric supplies switchgear and distribution transformers to LS ELECTRIC AMERICA, which won a North American data center fuel-cell power project ordered by Bloom Energy. USD 216,526,100."},{"stance":"confirms","publisher":"The Korea Times","publisher_en":"The Korea Times","kind":"news","lang":"en","published_at":"2026-04-29","url":"https://www.koreatimes.co.kr/business/20260429/ls-electric-lands-216-million-data-center-deal-as-part-of-growth-drive-in-us","title":"LS Electric lands $216 mil. data center deal as part of growth drive in US","title_en":"LS Electric lands $216 mil. data center deal as part of growth drive in US","excerpt":"LS Electric가 Bloom Energy와 2억1,600만달러 규모 데이터센터 전력설비 공급계약 체결, 수배전반·변압기 포함 배전 시스템 공급.","excerpt_en":"LS Electric signed a $216M data center power-equipment supply deal with Bloom Energy, covering switchgear and transformers."}]},{"direction":"revenue","counterparty":"오라클·하이퍼스케일러 (연료전지)","counterparty_slug":null,"confidence":"high","metric":{"type":"capex","unit":"MW","basis":"오라클 배치 약정(최대)","value":2800,"period":"2026","basis_en":"Oracle deployment commitment (max)","qualifier":"approx"},"note":"오라클 OCI 등에 온사이트 SOFC 발전 공급(최대 2.8GW).","note_en":"On-site SOFC power for Oracle OCI and others (up to 2.8GW).","sources":[{"stance":"confirms","publisher":"Bloom Energy","publisher_en":"Bloom Energy","kind":"filing","lang":"en","published_at":"2026-04-17","url":"https://investor.bloomenergy.com/press-releases/press-release-details/2026/Bloom-Energy-and-Oracle-Expand-Strategic-Partnership-to-Deploy-up-to-2-8-GW-to-Accelerate-AI-Infrastructure-Build-Out/default.aspx","title":"Bloom·오라클 2.8GW","title_en":"Bloom–Oracle 2.8GW","excerpt":"오라클이 90일 내 온사이트 발전 위해 최대 2.8GW 연료전지 약정.","excerpt_en":"Oracle commits up to 2.8GW of fuel cells for 90-day on-site power."},{"stance":"confirms","publisher":"블룸에너지코리아","publisher_en":"Bloom Energy Korea","kind":"ir","lang":"ko","published_at":"2026-01-01","url":"https://bloomenergykorea.com/","title":"블룸에너지코리아(SK에코플랜트 SOFC 연료전지)","title_en":"Bloom Energy Korea (SK ecoplant SOFC fuel cells)","excerpt":"SK에코플랜트가 SOFC 국내 독점 유통, 오라클 최대 2.8GW.","excerpt_en":"SK ecoplant distributes SOFC in Korea; Oracle up to 2.8GW."},{"stance":"confirms","publisher":"Fortune","publisher_en":"Fortune","kind":"news","lang":"en","published_at":"2025-10-16","url":"https://fortune.com/2025/10/16/bloom-energy-stock-fuel-cells-ai-data-center-power/","title":"블룸에너지, 연료전지로 AI 데이터센터 전력난 해결…주가 +1000%","title_en":"Bloom Energy fuel cells solve AI datacenter power; stock +1000%","excerpt":"오라클이 90일 내 온사이트 발전 위해 최대 2.8GW 연료전지 약정.","excerpt_en":"Oracle commits up to 2.8GW of fuel cells for 90-day on-site power."}]},{"direction":"revenue","counterparty":"Oracle","counterparty_slug":"oracle","confidence":"high","metric":null,"note":"오라클 OCI에 SOFC 온사이트 발전 공급(2.8GW).","note_en":"Supplies SOFC on-site power to Oracle OCI (2.8GW).","sources":[{"stance":"confirms","publisher":"Bloom Energy","publisher_en":"Bloom Energy","kind":"filing","lang":"en","published_at":"2026-04-17","url":"https://investor.bloomenergy.com/press-releases/press-release-details/2026/Bloom-Energy-and-Oracle-Expand-Strategic-Partnership-to-Deploy-up-to-2-8-GW-to-Accelerate-AI-Infrastructure-Build-Out/default.aspx","title":"Bloom·오라클 2.8GW","title_en":"Bloom–Oracle 2.8GW","excerpt":"오라클 OCI에 SOFC 온사이트 발전 공급(2.8GW).","excerpt_en":"Supplies SOFC on-site power to Oracle OCI (2.8GW)."}]},{"direction":"revenue","counterparty":"American Electric Power","counterparty_slug":"aep","confidence":"high","metric":null,"note":"AEP에 1GW SOFC 연료전지 공급(최대 유틸리티 연료전지 계약).","note_en":"Supplies 1GW of SOFC fuel cells to AEP (largest utility fuel-cell deal).","sources":[{"stance":"confirms","publisher":"블룸에너지 공식 실적발표","publisher_en":"Bloom Energy official results","kind":"filing","lang":"en","published_at":"2026-02-05","url":"https://investor.bloomenergy.com/press-releases/press-release-details/2026/Bloom-Energy-Reports-Fourth-Quarter-and-Full-Year-2025-Financial-Results-with-Record-Full-Year-Revenues/default.aspx","title":"블룸에너지 공식 실적발표 — bloom-energy 실적","title_en":"Bloom Energy official results — bloom-energy results","excerpt":"2025 매출 $20.2억 사상 최대(+37.3%)","excerpt_en":"FY2025 record revenue $2.02bn (+37.3%)"},{"stance":"confirms","publisher":"Utility Dive","publisher_en":"Utility Dive","kind":"news","lang":"en","published_at":"2025-01-01","url":"https://www.utilitydive.com/news/aep-bloom-energy-fuel-cell-data-center/733150/","title":"AEP·Bloom 1GW 연료전지(데이터센터 전력)","title_en":"AEP-Bloom 1GW fuel cell deal for datacenters","excerpt":"AEP에 1GW SOFC 연료전지 공급(최대 유틸리티 연료전지 계약).","excerpt_en":"Supplies 1GW of SOFC fuel cells to AEP (largest utility fuel-cell deal)."}]},{"direction":"revenue","counterparty":"유틸리티·산업 (연료전지)","counterparty_slug":null,"confidence":"mid","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"AEP·브룩필드·SK에코플랜트·에퀴닉스 등.","note_en":"AEP, Brookfield, SK ecoplant, Equinix, etc.","sources":[{"stance":"confirms","publisher":"Fortune","publisher_en":"Fortune","kind":"news","lang":"en","published_at":"2025-10-16","url":"https://fortune.com/2025/10/16/bloom-energy-stock-fuel-cells-ai-data-center-power/","title":"블룸에너지, 연료전지로 AI 데이터센터 전력난 해결…주가 +1000%","title_en":"Bloom Energy fuel cells solve AI datacenter power; stock +1000%","excerpt":"AEP $27억·브룩필드 $50억 파트너십.","excerpt_en":"AEP $2.7B and Brookfield $5B partnerships."}]},{"direction":"revenue","counterparty":"Equinix","counterparty_slug":"equinix","confidence":"mid","metric":null,"note":"에퀴닉스 데이터센터에 SOFC 온사이트 발전 공급.","note_en":"Supplies SOFC on-site power to Equinix datacenters.","sources":[{"stance":"confirms","publisher":"MarketWise","publisher_en":"MarketWise","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://marketwise.com/investing/best-data-center-reits-ai-infrastructure/","title":"AI 붐 데이터센터 REIT(EQIX·DLR)","title_en":"Best data-center REITs for the AI boom (EQIX, DLR)","excerpt":"에퀴닉스 데이터센터에 SOFC 온사이트 발전 공급.","excerpt_en":"Supplies SOFC on-site power to Equinix datacenters."}]},{"direction":"cost","counterparty":"소재·제조·증설 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"SOFC 스택 소재·제조(1→2GW 증설).","note_en":"SOFC stack materials and manufacturing (1→2GW expansion).","sources":[{"stance":"confirms","publisher":"Bloom Energy","publisher_en":"Bloom Energy","kind":"filing","lang":"en","published_at":"2026-04-17","url":"https://investor.bloomenergy.com/press-releases/press-release-details/2026/Bloom-Energy-and-Oracle-Expand-Strategic-Partnership-to-Deploy-up-to-2-8-GW-to-Accelerate-AI-Infrastructure-Build-Out/default.aspx","title":"Bloom·오라클 2.8GW","title_en":"Bloom–Oracle 2.8GW","excerpt":"제조능력 1GW→2GW 증설.","excerpt_en":"Doubling capacity 1GW to 2GW."}]},{"direction":"cost","counterparty":"연료·R&D (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"연료(천연가스·수소)·R&D.","note_en":"Fuel (gas/hydrogen) and R&D.","sources":[{"stance":"confirms","publisher":"Fortune","publisher_en":"Fortune","kind":"news","lang":"en","published_at":"2025-10-16","url":"https://fortune.com/2025/10/16/bloom-energy-stock-fuel-cells-ai-data-center-power/","title":"블룸에너지, 연료전지로 AI 데이터센터 전력난 해결…주가 +1000%","title_en":"Bloom Energy fuel cells solve AI datacenter power; stock +1000%","excerpt":"고체산화물 연료전지 R&D.","excerpt_en":"Solid-oxide fuel-cell R&D."}]}]}