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Investing.com -- Bloom Energy (NYSE:BE) stock soared 20% Monday after announcing a strategic $5 billion partnership with Brookfield to develop AI infrastructure powered by Bloom’s fuel cell technology.
The agreement establishes Bloom as the preferred onsite power provider for Brookfield’s global AI factories and represents the first investment through Brookfield’s dedicated AI Infrastructure strategy. The companies are actively collaborating on AI factory projects, including a European site expected to be announced before year-end.
The partnership aims to address the growing power demands of artificial intelligence computing, which experts project could exceed 100 gigawatts in the United States by 2035. Bloom’s fuel cell technology provides reliable, scalable onsite power that can be deployed without depending on traditional power grids - a critical advantage in today’s grid-constrained environment.
"AI infrastructure must be built like a factory—with purpose, speed, and scale," said KR Sridhar, Founder, Chairman and CEO of Bloom Energy. "Unlike traditional factories, AI factories demand massive power, rapid deployment and real-time load responsiveness that legacy grids cannot support."
Bloom Energy has already deployed hundreds of megawatts of its fuel cell technology to data centers through partnerships with companies including American Electric Power, Equinix, and Oracle.
Brookfield, which manages over $550 billion in critical assets globally, will invest up to $5 billion to deploy Bloom’s technology as part of what the companies describe as a reimagined future for AI infrastructure.
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