Bloom Energy expanded its strategic partnership with Brookfield to $25 billion on June 30, 2026, a fivefold increase from the $5 billion framework announced in October 2025, as the two companies move to meet soaring AI data center power demand with fuel cell technology.
Brookfield, the global investment firm managing over $1 trillion in assets, will use the expanded funding to finance power projects for AI infrastructure through its dedicated AI Infrastructure Fund, which launched in November 2025 with a target to deploy $100 billion. Bloom Energy’s solid oxide fuel cell (SOFC) systems will serve as the preferred onsite power provider for hyperscalers and AI infrastructure developers worldwide.
Bloom Energy stock jumped 8.5% in after-hours trading and closed up 10.07% on the announcement. The stock has surged 219% year-to-date in 2026, driven by surging demand from AI data centers seeking reliable onsite power solutions.
The partnership reflects an urgent market need. According to Gartner, worldwide data center power demand is expected to rise 27% in 2026 and reach 132 gigawatts, up from 104 GW in 2025. Goldman Sachs forecasts U.S. data center power demand climbing from 31 GW in 2025 to 41 GW in 2026 and 66 GW in 2027, driven primarily by AI infrastructure buildout. Grid constraints have emerged as a top barrier to data center expansion, making onsite generation critical.
Aman Joshi, Chief Commercial Officer of Bloom Energy, said the expanded commitment reflects momentum in the market. “Bloom is uniquely positioned to address the urgent need for clean, reliable power to support the rapid growth of AI,” Joshi stated in the announcement. Sikander Rashid, Head of AI Infrastructure at Brookfield, noted that scaling the partnership “further strengthens Brookfield’s position as one of the leading global AI infrastructure investors, capable of delivering end-to-end solutions, from electrons to tokens.”
Bloom Energy’s SOFC technology converts natural gas, biogas, or hydrogen into electricity without combustion, achieving high efficiency and low emissions. The company serves Fortune 500 customers including data centers, semiconductor manufacturers, and large utilities. Headquartered in Silicon Valley, Bloom Energy employs more than 2,000 people and manufactures systems in the United States.
The expanded partnership is part of Brookfield’s broader AI infrastructure strategy, which includes investments in large AI factories, compute infrastructure, and strategic capital partnerships. Brookfield has already invested over $100 billion in digital infrastructure and clean power assets globally.
Sources
- Yahoo Finance Australia — Brookfield and Bloom Energy expansion announcement to $25 billion on June 30, 2026
- Investing.com — Bloom Energy stock reaction and partnership details
- AOL.com — Bloom Energy stock performance, up 219% YTD in 2026 as of June 15
- Gartner — Worldwide data center power demand forecast: 27% growth in 2026, reaching 132 GW
- Goldman Sachs — U.S. data center power demand projections: 31 GW in 2025, 41 GW in 2026, 66 GW in 2027
- Bloom Energy — Company technology description and SOFC systems overview
