TLDR
- Bloom Energy and Brookfield Asset Management formed a $5 billion partnership to power AI data centers with fuel cell technology
- The investment represents Brookfield’s first move into dedicated AI infrastructure through its new AI Infrastructure strategy
- U.S. AI data center power demand is expected to reach 100 gigawatts by 2035 as computing needs grow
- Bloom Energy shares rose 271% year-to-date and gained 33% over the past six months before the announcement
Bloom Energy scored a massive win Monday with a $5 billion investment from Brookfield Asset Management. The partnership will deploy Bloom’s fuel cell technology to AI data centers facing growing power demands.
The deal marks a turning point for both companies. For Brookfield, it’s the first investment under its new AI Infrastructure strategy.
For Bloom Energy, it’s validation of its fuel cell approach to solving AI’s power problem. The company’s stock reflects that confidence with a 271% gain year-to-date.
Brookfield will invest up to $5 billion to install Bloom’s systems at AI computing facilities worldwide. The partners are already working on multiple projects.
A European site is in the works. Details should come before year-end 2025.
Why AI Needs New Power Solutions
Traditional power grids can’t keep pace with AI’s energy requirements. Data centers running AI models consume enormous amounts of electricity.
The scale is staggering. AI data center power demand in the United States could exceed 100 gigawatts by 2035, according to company projections.
Bloom’s fuel cells provide power directly at data center locations. This behind-the-meter approach bypasses grid limitations entirely.
“Behind-the-meter power solutions are essential to closing the grid gap for AI factories,” said Sikander Rashid, Global Head of AI Infrastructure at Brookfield.
Bloom Energy has been building expertise in this space for years. The company deployed hundreds of megawatts of fuel cell capacity to data centers through partnerships with American Electric Power, Equinix, and Oracle.
Brookfield’s AI Infrastructure Play
Brookfield’s $5 billion commitment signals serious interest in AI power infrastructure. The investment firm created a dedicated strategy focused on three areas: AI factories, power solutions, and computing infrastructure.
Power represents a key bottleneck for AI expansion. Without reliable electricity sources, data centers can’t scale to meet demand.
Bloom Energy offers a solution that fits Brookfield’s strategy. Fuel cells generate power on-site without relying on strained electrical grids.
The partnership gives Bloom resources to scale production and deployment. It also provides Brookfield exposure to the growing AI infrastructure market.
Stock Performance and Market Response
Bloom Energy shares jumped following the partnership announcement. The stock was already performing well with a 33% gain over six months.
Average daily trading volume sits around 12.5 million shares. Volume spiked Monday as investors digested the news.
The company’s market cap stands at approximately $20.33 billion. InvestingPro rates Bloom Energy’s financial health as “FAIR,” suggesting stable operations.
Global projects are underway with the European announcement expected soon. Bloom Energy’s fuel cell technology is positioned to meet growing AI power infrastructure needs as data center demand continues expanding through 2035.
