Bloom Energy (BE) rose more than 12% early after signing a memorandum of understanding to evaluate supplying at least 1 gigawatt (GW) of solid-oxide fuel cell power to California Resources Corporation (CRC), combined with carbon capture and storage, to power California data centers and supplement the grid. The stock had declined about 25% over the past month as negative sentiment toward data center growth weighed on AI infrastructure names, and Bloom's backlog relies heavily on such projects. CRC is an independent oil and natural gas producer focused almost entirely on California and the largest in-state producer by volume. Bloom's Chief Commercial Officer Aman Joshi said its non-combustion technology makes carbon capture more efficient and economically viable at scale. As of 12:12 p.m. ET, shares were still up 9.5%.
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