AEP Leveraging Fuel Cell Technology to Power Data Center Growth [Yahoo! Finance]
American Electric Power Company, Inc. (AEP)
Last american electric power company, inc. earnings: 2/20 06:57 am
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Source: Yahoo! Finance
COLUMBUS, Ohio Nov. 14, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) is offering large customers a custom solution to support their growing energy needs with fuel cell technology. AEP has an agreement in place to secure up to 1 gigawatt (GW) of Bloom Energy solid oxide fuel cells for data centers and other large energy users who need to quickly power their operations while the grid is built out to accommodate demand. This is the largest utility fuel cell technology initiative in the nation. AEP expects commercial load to grow an average of 20% annually over the next three years, driven by data center development. The company is in the process of finalizing the first customer project agreements. Discussions are taking place with several other customers about using this technology to provide additional power to their sites while AEP makes the needed grid investments for the long term. All costs for the fuel cell projects will be covered by the large customers under a sp
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News
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- I&M and Stakeholders File Large Load Settlement to Advance Grid Reliability and Support Economic GrowthPR Newswire
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- Is American Electric Power Company, Inc.'s (NASDAQ:AEP) 9.9% ROE Strong Compared To Its Industry? [Yahoo! Finance]Yahoo! Finance
AEP
Earnings
- 11/6/24 - Beat
AEP
Sec Filings
- 11/8/24 - Form SC
- 11/6/24 - Form 3
- 11/6/24 - Form 8-K
- AEP's page on the SEC website