Brookfield and Bloom Energy announce $5 billion AI infrastructure partnership

Brookfield Asset Management and Bloom Energy (NYSE: BE) announced a $5 billion strategic partnership to develop AI infrastructure facilities, with Bloom Energy serving as the preferred onsite power provider for Brookfield's global AI factories.

The partnership represents Brookfield's first investment through its dedicated AI Infrastructure strategy. Brookfield will invest up to $5 billion to deploy Bloom's fuel cell technology for powering AI data centers that require substantial electricity capacity.

The companies plan to collaborate on designing and delivering AI facilities globally, including a European site that will be announced before the end of the year, according to the press release.

"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."

Sikander Rashid, Global Head of AI Infrastructure at Brookfield, stated that "behind-the-meter power solutions are essential to closing the grid gap for AI factories."

According to industry projections cited in the release, power demand from AI data centers in the United States is expected to exceed 100 gigawatts by 2035. Bloom Energy has already deployed hundreds of megawatts of fuel cell technology to data centers through partnerships with American Electric Power, Equinix, and Oracle.

Brookfield Asset Management (NYSE: BAM, TSX: BAM) manages over $1 trillion in assets and has invested more than $100 billion in digital infrastructure globally. The company operates $550 billion in assets and services across the United States.

Bloom Energy, headquartered in Silicon Valley, has deployed 1.5 gigawatts of power across more than 1,200 installations worldwide, serving Fortune 500 companies in data centers, semiconductor manufacturing, utilities, and other commercial sectors.

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