By Dharna Bafna
June 30 (Reuters) – Bloom Energy and Brookfield said on Tuesday they had expanded their partnership to finance power projects for AI infrastructure, boosting their funding framework fivefold to $25 billion to accelerate the global deployment of Bloom’s fuel cells.
Shares of Bloom Energy surged 12% in extended trading.
Brookfield in October had agreed to invest up to $5 billion in Bloom’s fuel cell technology to power data centers, as companies seek cleaner energy to meet the needs of the AI boom.
Data center operators are increasingly turning to nuclear, renewables and fuel cells to meet soaring power needs from AI and cloud computing, fueling billions in new infrastructure spending.
“We believe the $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 centers.
Bloom Energy has already deployed its fuel cell technology to data centers 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 $100 billion, the company said.
(Reporting by Dharna Bafna in Bengaluru; Editing by Vijay Kishore and Sahal Muhammed)
