Shares of Bloom Energy (NYSE:BE) surged 20% on Monday following the announcement of a landmark $5 billion strategic partnership with Brookfield Corporation to develop next-generation AI infrastructure powered by Bloom’s proprietary fuel cell technology.
Under the agreement, Bloom will serve as the preferred onsite power provider for Brookfield’s global network of AI factories. This initiative marks the first investment made through Brookfield’s newly established AI Infrastructure strategy. The companies are already working on multiple AI factory projects, including a flagship European site expected to be unveiled by the end of the year.
The deal targets the surging energy demand tied to artificial intelligence, with analysts forecasting U.S. AI power needs could exceed 100 gigawatts by 2035. Bloom’s fuel cell systems offer a major advantage by delivering scalable, dependable power directly onsite, bypassing the limitations of strained electrical grids.
“AI infrastructure must be built like a factory—with purpose, speed, and scale,” said KR Sridhar, Founder, Chairman and CEO of Bloom Energy. “Unlike traditional factories, AI factories demand massive power, rapid deployment and real-time load responsiveness that legacy grids cannot support.”
Bloom Energy has already installed hundreds of megawatts of fuel cell capacity in data centers through partnerships with firms such as American Electric Power, Equinix, and Oracle Corporation.
As part of the partnership, Brookfield — which manages more than $550 billion in critical infrastructure assets worldwide — will invest up to $5 billion to scale the deployment of Bloom’s clean energy solutions. The companies framed the agreement as a blueprint for building a more resilient and efficient energy backbone for the AI era.
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