Bloom, Brookfield Expand AI Power Financing Partnership to $25 Billion

Bloom Energy and Brookfield expanded a financing partnership for AI infrastructure power projects to $25 billion, a fivefold increase from a $5 billion framework announced in October, as data center developers continue to search for faster ways to secure electricity capacity.

The companies said the expanded framework will help finance the global deployment of Bloom’s onsite fuel-cell systems for AI infrastructure projects. The announcement underscores how power availability has become one of the main constraints in the buildout of AI data centers, with developers looking beyond traditional grid interconnection timelines to dedicated or onsite energy systems.

Bloom and Brookfield did not identify specific new project sites or customers under the expanded framework. The companies said the partnership is aimed at hyperscalers and AI infrastructure developers seeking fast, reliable and “community-friendly” power for large-scale computing campuses.

The new commitment builds on a partnership announced in October, when Brookfield said it would invest up to $5 billion to deploy Bloom Energy’s fuel-cell technology for AI data centers and make Bloom a preferred onsite power provider for Brookfield’s global AI infrastructure projects.

Bloom’s solid oxide fuel-cell systems are being marketed to data center developers as an onsite power option that can be deployed more quickly than many grid-scale upgrades. The approach could appeal to AI infrastructure projects facing long waits for utility interconnections, though fuel-cell deployments still depend on fuel supply, permitting and project-level economics.

The expansion also fits into Brookfield’s broader push into AI infrastructure. Brookfield launched a $100 billion AI infrastructure program in November with Nvidia and the Kuwait Investment Authority as founding partners, targeting assets across energy, land, data centers and compute capacity.

Brookfield said the enlarged Bloom partnership is part of its dedicated AI Infrastructure Fund, which is focused on investments spanning power solutions, compute infrastructure, large AI factories and strategic capital partnerships.

The deal adds to a growing wave of energy-focused transactions tied to AI data centers, as electricity demand from high-performance computing workloads drives demand for generation, backup power, grid services and behind-the-meter power systems. Developers are increasingly competing for sites with available power rather than only land or fiber access.

Bloom shares rose after the announcement, climbing 12% in after-hours trading following the news.