Is Bloom Energy Stock a Millionaire Maker?
2026-03-03 14:32:00 ET
With the stock market continuing to be buoyed by the advancement of artificial intelligence (AI), tech companies these days aren't short of ambitions. They could soon, however, be short of grid electricity.
Just consider this: More than 35 gigawatts (GW) of data center capacity are currently under construction in North America, according to JLL. Can you guess what else draws approximately 35 GW of electricity per year? An entire industrialized nation like Italy or the U.K.
The surging demand for electricity from data centers is so consequential to the U.S. grid that President Donald Trump addressed it in the State of the Union. To paraphrase: Major tech companies are obligated to build their own power plants -- or electricity prices will soar and communities will fight back.
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