Bloom Energy reported a 140% year-over-year increase in product backlog to $6 billion, driven by hyperscale and neo-cloud data center demand. The company is positioning its native 800V DC power generation as a critical advantage for AI racks, which consume significantly more power than traditional hardware. Bloom recently doubled its manufacturing capacity to 2 GW and is leveraging a capital-light model to deliver power infrastructure for AI factories in under 60 days, significantly faster than traditional grid connections.