Green firms in the US have found something of a lifeline in artificial intelligence after being bogged down by high interest rates, shrinking funding and, more recently, President Donald Trump’s sharp rollback of support. Clean technology companies that have inked deals to support data centers have seen their stocks soar this year, outperforming the S&P 500. Nuclear power startup Oklo Inc.’s shares are up nearly 275% year-to-date while the stock price of fuel cell provider Bloom Energy Corp. has risen more than 80% as of Tuesday's US market close. Energy storage and clean power snagged the most public and private investment among climate tech sectors last quarter, according to BloombergNEF.
Dr. KR Sridhar, Founder, Chairman and CEO of Bloom Energy, discusses his company's place in the green technology landscape as well as its third straight quarter of record revenue and profits, which were reported in its most recent earnings on July 31. Dr. Sridhar speaks with Carol Massar and David Gura on Bloomberg Businessweek Daily.
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