Hydrogen Firms Log Big Wins as Data Centers Spur Fuel‑Cell Rollouts

Overview

• FuelCell Energy introduced a standardized 12.5‑megawatt on‑site power block for data centers and moved to lift its Torrington, Connecticut, manufacturing capacity to 350 megawatts to serve faster build‑outs.
• Bloom Energy agreed to supply Oracle with up to 2.8 gigawatts of fuel‑cell capacity, with 1.2 gigawatts already signed and installations starting this year.
• Plug Power secured a front‑end engineering design award for a 275‑megawatt PEM electrolyzer in Quebec to make low‑carbon ammonia that will be converted into ammonium nitrate for mining uses.
• Air Products will build and operate a new air‑separation plant in Cocoa, Florida, to supply liquid oxygen, nitrogen and argon for the space launch corridor and nearby industries starting in 2028.
• Wood Mackenzie framed 2026 as a year of reckoning for hydrogen, and recent price‑target increases for Linde and Air Products point to investor preference for companies with steadier demand and lower Middle East exposure.