LS Electric Wins $216.5M Deal to Supply Power Systems for Bloom Energy’s New Mexico Data Center Project
April 29, 2026
LS Electric Wins $216.5M Deal to Supply Power Systems for Bloom Energy’s New Mexico Data Center Project
Korean electrical equipment manufacturer LS Electric has secured a 319 billion won (approximately $216.5 million) contract to supply power distribution systems to Bloom Energy for a large-scale data center project in New Mexico. The deal marks a significant step in the growing collaboration between traditional industrial suppliers and fuel cell technology providers to meet the surging power demands of AI-driven data centers.
Under the agreement, LS Electric will provide Bloom Energy with power distribution solutions tailored for the data center campus. While neither company explicitly identified the end user, the project is widely believed to be the "Project Jupiter" facility being developed by Oracle and BorderPlex Digital Assets in Doña Ana County, New Mexico. Earlier this week, reports confirmed that Bloom Energy plans to deploy up to 2.45 gigawatts of its solid oxide fuel cell (SOFC) technology at the site to serve as the primary power source.
The deployment is part of an expanded partnership between Bloom and Oracle, formalized earlier this year, under which Oracle has agreed to procure up to 2.8 gigawatts of capacity from Bloom, in addition to an initial 1.2 gigawatts contracted last year. Oracle was confirmed as the anchor tenant of Project Jupiter in January. The massive campus is expected to span 1,400 acres and include four data center buildings, representing a total investment of up to $165 billion. Once construction is complete, Oracle will occupy the facility to host artificial intelligence infrastructure for OpenAI.
Bloom Energy is a leading provider of fuel cell solutions for the data center industry. Its SOFC technology converts fuel into electricity through an electrochemical reaction rather than combustion, a process the company says delivers significantly higher efficiency and lower emissions compared to traditional power generation. Beyond the Oracle deal, Bloom has signed agreements with Equinix for deployments across 19 data centers totaling more than 100 megawatts of capacity, as well as a deal with U.S. utility American Electric Power for up to 1 gigawatt of SOFCs to power AI data centers off-grid. Last year, Bloom also entered into a $5 billion AI infrastructure partnership with global investment firm Brookfield, which will invest in the company to support the development and deployment of its technology.
The LS Electric contract underscores a broader trend of industrial firms moving into the data center supply chain, as hyperscale projects increasingly require specialized, high-capacity power infrastructure. With fuel cells emerging as a viable behind-the-meter solution for continuous, low-emission electricity, partnerships like this one are likely to become more common as operators seek to secure reliable power for next-generation AI workloads.
Source: datacenterdynamics
