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Bloom Energy and Brookfield have expanded their partnership to finance power projects for artificial intelligence (AI) infrastructure, increasing their investment framework from USD 5 billion to USD 25 billion. The move reflects rising demand for reliable and cleaner power solutions as AI data centres continue to grow worldwide. The expanded collaboration will accelerate the deployment of Bloom Energy's fuel cell technology and forms part of Brookfield's AI Infrastructure Fund, which aims to invest USD 100 billion. Following the announcement, Bloom Energy's shares rose sharply in extended trading.
Bloom Energy and Brookfield have expanded their strategic partnership for AI infrastructure, increasing their financing framework fivefold from USD 5 billion to USD 25 billion. The additional funding will support power projects globally and speed up the deployment of Bloom Energy's fuel cell technology as demand for AI-ready data centre infrastructure continues to rise.
Following the announcement, Bloom Energy's shares climbed nearly 12% in extended trading, reflecting investor confidence in the larger investment commitment. Market analysts at RBC Capital Markets said the USD 25 billion framework was larger than expected and highlighted the growing demand for Bloom's fuel cell technology to meet the increasing power requirements of AI data centres. They noted that the fivefold expansion demonstrates stronger-than-anticipated adoption of the company's energy solutions.
The companies had first partnered last year when Brookfield committed up to USD 5 billion to finance Bloom Energy's fuel cell technology for data centres. The latest expansion comes as technology companies invest heavily in AI infrastructure while seeking cleaner, dependable and rapidly deployable power sources to support large-scale computing operations.
Power demand from AI and cloud computing has been rising sharply, prompting data centre operators to diversify beyond conventional electricity supplies. Alongside renewable energy and nuclear power, fuel cells are increasingly being adopted because they can provide reliable on-site electricity with faster deployment timelines than many traditional grid expansion projects. This trend has driven significant investment in global energy infrastructure.
Bloom Energy has already supplied its fuel cell technology to major data centre projects through partnerships with American Electric Power, Equinix and Oracle. The company has been expanding its presence in the AI infrastructure market as hyperscale operators look for solutions that can deliver continuous power while supporting sustainability goals.
The expanded collaboration will be funded through Brookfield's AI Infrastructure Fund, launched in late 2025 with a target of deploying USD 100 billion across AI-related infrastructure projects. The fund focuses on supporting the growing demand for computing capacity, energy systems and digital infrastructure required by the rapid adoption of artificial intelligence technologies.
Source Reuters
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