A boom in heavy industry, an increase in the number of air conditioners, and a robust electric-vehicle market are all adding to China’s power demand. India and Southeast Asia are also going to have above-average increases in demand, driven by economic growth and increased adoption of air conditioners.

GE Vernova stock jumped Wednesday after the power technology company announced it was joining forces with another energy provider and a builder to meet the growing demand for electricity from power-hungry AI data centers.

Razvan Panati and Kaushal Biligiri of Bloom Energy explain why AI-driven data centers should consider on-site fuel cells to support their evolving energy needs.