Bloom Energy Stock Soars Following $5 Billion Brookfield Deal To Deploy Fuel Cells To Power AI Data Centers

Shares of Bloom Energy Corp. (BE) soared more than 35% in Monday’s pre-market session after the company announced a $5 billion strategic partnership with Brookfield Asset Management (BAM).

According to the company, Brookfield will invest up to $5 billion to deploy Bloom’s fuel cell technology to power artificial intelligence (AI) data centers.

Bloom Energy added that it is collaborating with Brookfield to design and deliver AI factories globally, which includes a site in Europe that is set to be announced before the end of 2025.

Retail sentiment on Stocktwits around Bloom Energy trended in the ‘bearish’ territory, even as the company was among the top five trending stocks on the platform at the time of writing.

“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,” said KR Sridhar, Founder, Chairman, and CEO of Bloom Energy, while adding that this is the guiding principle of its collaboration with Brookfield.

The company stated that it has deployed hundreds of megawatts of its fuel cell technology to power data centers, through partnerships with companies like Oracle Corp. (ORCL), American Electric Power Co. Inc. (AEP), and Equinix Inc. (EQIX).

While Brookfield has invested over $100 billion in digital infrastructure globally, Bloom’s release stated that the $5 billion investment announced on Monday will be its first as part of Brookfield’s dedicated AI infrastructure strategy.

BE stock is up 291% year-to-date, while BAM stock is up 1%.

Also See: Gold, Silver Prices Climb To Fresh Record Highs Amid Renewed Trade Tensions Between US, China

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