AEP unit commits about $2.65 billion to Bloom fuel cells for a Wyoming site

American Electric Power disclosed in an 8-K dated January 8, 2026 that an unregulated subsidiary signed an unconditional purchase agreement on January 4 for a substantial portion of its option on Bloom's solid oxide fuel cells, for about $2.65 billion. The fuel cells will support a generation facility expected near Cheyenne, Wyoming, which AEP has tied to a 20-year offtake agreement covering all of its output with a high investment grade customer. That offtake is subject to conditions AEP expects to meet by the second quarter of 2026, and AEP would be compensated for its costs if they fail.

• About $2.65 billion purchase agreement signed January 4, 2026
• The original 2024 deal covered 100 MW with an option on 900 MW more
• 20-year offtake for 100% of output from a facility near Cheyenne, Wyoming
• Offtake conditions expected to be met by Q2 2026