Bloom Energy BE-N and Brookfield BAM-T said on Tuesday they had expanded their partnership to finance power projects for AI infrastructure, boosting their funding framework fivefold to US$25-billion to accelerate the global deployment of Bloom’s fuel cells.
Shares of Bloom Energy surged 12 per cent in extended trading.
Brookfield in October had agreed to invest up to US$5-billion in Bloom’s fuel cell technology to power data centres, as companies seek cleaner energy to meet the needs of the AI boom.
Data centre operators are increasingly turning to nuclear, renewables and fuel cells to meet soaring power needs from AI and cloud computing, fuelling billions in new infrastructure spending.
Brookfield to invest $5-billion with Bloom Energy to power AI data centres
“We believe the US$25-billion is larger than expectations,” RBC Capital Markets analysts wrote in a note, adding that the fivefold expansion highlights the strength of demand and growing adoption of Bloom’s fuel cells to meet the power needs of AI data centres.
Bloom Energy has already deployed its fuel cell technology to data centres through partnerships with American Electric Power, Equinix and Oracle.
The expanded partnership is part of Brookfield’s dedicated AI Infrastructure Fund, which launched in November 2025 with a target to deploy US$100-billion, the company said.