Today, Brookfield Asset Management announced it will invest up to $5 billion in Bloom Energy’s fuel cell technology to power AI data centers.
At the core of the new partnership, Brookfield will invest up to $5 billion to deploy Bloom’s advanced fuel cell technology.
Today, the two companies issued a joint statement revealing their active collaboration on creating and implementing AI factories globally, with plans for a European site to be announced before the end of the year.
KR Sridhar, Founder, Chairman and CEO of Bloom Energy told investors: AI infrastructure must be built like a factory—with purpose, speed, and scale. Unlike traditional factories, AI factories demand massive power, rapid deployment and real-time load responsiveness that legacy grids cannot support. The lean AI factory is achieved with power, infrastructure, and compute designed in sync from day one. That principle guides our collaboration with Brookfield to reimagine the data center of the future. Together, we are creating a new blueprint for powering AI at scale.”
Sikander Rashid, Global Head of AI Infrastructure at Brookfield commented: “Bloom’s advanced fuel cell technology gives us the unique capability to design and construct modern AI factories with a holistic and innovative approach to power needs. As the world’s largest AI infrastructure investor, this partnership adds a powerful new tool to our global growth strategy, especially in a grid-constrained market environment.”
Brookfield has over $550 billion of critical assets and services operating across the U.S.
Today’s announcement follows recent investments in leading U.S. energy, utility and digital infrastructure businesses including Compass Datacenters, Duke Energy Florida, Colonial Enterprises and Hotwire Communications, as well as a landmark agreement to supply Google with up to 3GW of hydro power in the U.S.
Brookfield stock soared 20% Monday following the announcement.
By CEO NA Editorial Staff
