Bloom Energy (NYSE:BE) just added another name to its growing list of AI infrastructure customers. It is a small deal in isolation, but it fits a pattern that has turned Bloom into one of the more talked-about names in the AI power trade. That matters because manufacturers building AI servers are running into the same power bottlenecks as the data centers buying their products. Fuel cells generate power through an electrochemical process rather than combustion, which sidesteps permitting delays, water constraints and noise limits that can slow down traditional generation. Bloom's backlog reached $20 billion at the start of 2026, and product orders within that backlog rose 140% year over year, according to analysis from Reuben Gregg Brewer published August 5.