Bloom Energy Soars 30% on $5B Brookfield Deal for AI Data Center Power
Bloom Energy shares surged 30% after securing a landmark $5 billion partnership with Brookfield Asset Management to deploy its fuel cell technology in AI data centers. The collaboration targets global "AI factories," with an initial European site expected this year.
The deal addresses a critical bottleneck in AI infrastructure: power scarcity. As Nvidia and OpenAI push for 10 gigawatts of new data capacity—enough to electrify New York City at peak demand—Bloom's off-grid fuel cells emerge as a scalable solution for an overburdened U.S. power grid.
Bloom's existing deployments with Oracle, Equinix, and American Electric Power demonstrate the technology's viability. The Brookfield partnership now positions fuel cells as essential infrastructure for the AI boom, offering flexible power generation from natural gas, biogas, or hydrogen.
