Oracle AI Power Delay Sends Bloom Energy Shares Tumbling

Project Jupiter is Oracle’s planned large-scale AI data center campus in Doña Ana County, New Mexico. In April, Oracle and developer Yucca Growth Infrastructure switched the project’s power design from gas turbines and diesel generators to a Bloom Energy fuel-cell microgrid capable of supplying as much as 2.45 gigawatts. The change lowers expected emissions and water use, but the fuel cells still require natural gas, making a dedicated pipeline critical to the campus’s deployment schedule.

The New Mexico State Land Office on July 14 again rejected Energy Transfer’s request to run 0.6 mile of the proposed 17-mile, $60 million Green Chile pipeline across state trust land. The setback raised doubts that key power infrastructure would meet an August 15 target and increased the risk of delayed Bloom orders and revenue. Bloom shares fell 7.2% to $199.49 in July 20 morning trading, while Oracle dropped 3.5% to its lowest level since April 2025.