AEP to invest $4B in 702MW fuel cell project powering Google under 20-year deal.

American Electric Power (AEP) plans to invest about $4 billion in a new 702-megawatt fuel cell power plant near Cheyenne, Wyoming. The project, set to start construction in 2026 and be operational by 2028, will supply power to Google under a 20-year agreement. Using advanced, near-zero-emission fuel cell technology from Bloom Energy, the plant aims to meet growing demand for reliable, clean energy from large customers. This move aligns with AEP's strategy to expand innovative energy solutions and support increasing power needs beyond its traditional service areas.

American Electric Power (AEP) shares are trading at USD 127.61 with a 1.56% gain as of Oct 14, 2026, 19:13 WIB on Pluang. Despite the positive price movement, all recent order activity on Pluang shows 100% selling interest. The company's market cap stands at $68.40 billion, reflecting strong investor attention as it advances its 702MW fuel cell power project for Google.