Bloom Energy and Brookfield have expanded their partnership to $25 billion to support rising power demand from AI-driven data centres and cloud infrastructure.
Bloom Energy and Brookfield have expanded their partnership to finance power projects for AI infrastructure, increasing the deal size fivefold to $25 billion, as demand for reliable energy for data centres continues to rise.
According to Reuters, the expanded partnership will increase deployment of Bloom Energy’s fuel-cell technology to help AI data centres and cloud computing infrastructure globally. Bloom Energy shares rose 12% in extended trading following the announcement.
Brookfield had initially committed $5 billion to Bloom’s fuel-cell projects. The latest expansion significantly improves funding for large-scale energy infrastructure linked to artificial intelligence growth.
Data centre operators are majorly turning to cleaner energy sources such as nuclear, renewables and fuel cells to meet rising electricity demand from AI workloads.
As reported by Reuters, the AI boom is driving billions of dollars in fresh infrastructure investments across global energy markets.
RBC Capital Markets analysts said the new partnership exceeds expectations. “We believe the $25 billion is larger than expectations,” analysts said, adding that the expansion reflects growing demand for Bloom’s fuel-cell solutions.
Bloom already supplies fuel-cell technology to major clients including American Electric Power, Equinix and Oracle.
