Oracle shares rose 0.79% to $138.47 on Tuesday at the time of publication, according to Benzinga Pro. Oracle shares traded above $140 on Tuesday before declining from that level. Oracle proposed power agreements for the Project Jupiter data center and joined a server security initiative with Microsoft and Marvell.
Oracle proposed an Energy Service Agreement with El Paso Electric (EPE) for Project Jupiter. EPE would supply electricity for the final construction phase and the first commissioning tests. EPE would also provide emergency backup power and meet life safety needs for New Mexico workers on site. Oracle said the Bloom Energy fuel cell microgrid will remain the site's main electricity source.
The proposal includes a guaranteed payment that Oracle expects to make to EPE of $10 million annually for a decade. Oracle would owe that amount even when Oracle uses less electricity than the contract allows. Oracle said the payments cover shared electric system costs that EPE's New Mexico customers would otherwise bear.
A second proposed agreement would provide credits for EPE's New Mexico households and small businesses. Oracle would provide up to $55 million annually for as many as three years. Customers could receive the savings beginning in 2027. Oracle said the credits exceed the commitments in the White House Ratepayer Protection Pledge that Oracle signed to pay Oracle's own energy costs.
Oracle, Microsoft and Marvell created a working group within the Open Compute Project's Security Track. The group aims to develop a common integrated hardware security module (HSM) design that meets the NIST FIPS 140-3 Level 3 standard. The design targets cloud and hyperscale data centers. The group will draft open specifications for managing encryption keys inside each server. The companies said this approach reduces delays and strengthens protection for cloud workloads.
The companies said most servers currently leave encryption keys exposed. The companies said servers receive keys over networks from separate HSMs or manage keys through software alone. The new specification would integrate a certified hardware enclosure, key storage and a chain that proves workload integrity into each server. The group will release a first draft around the OCP Global Summit, held October 12 to 15 in San Jose, California. Version 1.0 will follow.
Oracle Shares Rise on Energy Agreements and Server Security Initiative
BenzingaShare
Summary
Oracle shares climbed 0.79% to $138.47 on Tuesday amid on-chain news of new energy agreements and security moves. The company signed deals with El Paso Electric for its Project Jupiter data center and joined a server security initiative with Microsoft and Marvell. Oracle also plans to offer up to $55 million annually in credits to New Mexico households and small businesses, aiming to prevent potential security breach risks.
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