Bloom Energy, a US developer of solid oxide fuel cells (SOFC), has partnered with the American Chamber of Commerce in Korea (AmCham) to promote its fuel cell technology in the South Korean AI data center market.

The non-binding Memorandum of Understanding sets the parameters for expanding the deployment of Bloom's SOFC power systems in Korea, focusing on the rising demand from the AI data center market.

“Bloom Energy’s clean power solutions, optimized for industrial applications, will be critical not only to Korea’s sustainable growth but also to securing the energy backbone needed for the country to emerge as one of the world’s top three AI powerhouses,” said James Kim, chair and CEO of AmCham.

“This partnership represents a concrete step toward deeper US-Korea cooperation in building a more sustainable future,” he continued.

Bloom is the leading company specializing in fuel cell solutions for the data center industry. The company’s SOFC fuel cells work by converting fuel into electricity via an electrochemical reaction, rather than combustion, which Bloom claims results in much higher efficiency and lower emissions.

Bloom has already signed several agreements to supply power to the US data center market.

In July, it inked its first direct supply contract with a hyperscaler, signing a deal with Oracle to deploy fuel cells across “select data centers,” with deployment expected within three months of the deal's announcement.

Bloom has also signed deals with Equinix for deployments across 19 data centers, with a capacity exceeding 100MW. As well as an agreement with US utility American Electric Power for up to 1GW of SOFCs to power AI data centers off-grid.

It has also gained the backing of global investment firm Brookfield, which has committed $5 billion to support the company’s expansion efforts across the data center sector.