Bloom Energy (BE) shares fall 5.4% pre-market Thursday after Oracle (ORCL) sent the developer of its Project Jupiter data center site a notice citing force majeure, Bloomberg reported; the project is designed to be powered by Bloom Energy fuel cells.
Oracle (ORCL), down 4.5% pre-market, reportedly is seeking to protect itself from potential cost increases related to the New Mexico project in New Mexico by sending the notice to developer Blue Owl.
Oracle (ORCL) is aiming to delay payments if Project Jupiter fails to come online in 2028 as planned, rather than exiting as the main tenant, according to the report.
“Project Jupiter remains on our planned schedule,” an Oracle (ORCL) spokesperson told Bloomberg, without addressing the force majeure notice. “We are fully committed to New Mexico and confident in our path forward.”