filecrux
Oct 14, 12:16 PM
$AEP (American Electric Power, utility to 5.6M customers in 11 states) plans to invest about
$4B in a 702MW Bloom fuel cell plant near Cheyenne, Wyoming, under a 20-year power purchase deal with Google. That's ~6% of its ~
$67.6B market value at the Oct 12, 2026 close of
$124.25, and comes on top of its
$78B 2026-30 plan. In return: 20 years of contracted Google sales; AEP owns ~92%, Basalt-advised funds ~8%. AEP and its partners plan to start construction in 2026; full operation is expected by end-2028.
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