Shares of Bloom Energy soared early Monday after it made a deal with Brookfield Asset Management to install fuel cells in artificial intelligence data centers. Brookfield will spend up to $5 billion to use Bloom Energy’s technology. This is Brookfield’s first investment in its strategy to support large AI data centers with both power and computing infrastructure.
Bloom Energy’s fuel cells are “fuel-flexible” and can run on natural gas, biogas, or hydrogen, according to the company. Brookfield and Bloom will collaborate to design and build “AI factories” around the world, including a site in Europe that will be unveiled before the end of the year, as stated by CNBC report.
Bloom energy stock surge
Bloom Energy shares jumped almost 30% in early trading after the announcement. Bloom’s fuel cells provide onsite power and can be installed quickly because they don’t rely on a connection to the electric grid.
The company has already installed hundreds of megawatts of fuel cells through deals with utilities like American Electric Power and data center developers such as Equinix and Oracle, according to Bloom Energy, as mentioned in the report by CNBC.
AI data centers need off-grid power
The AI industry’s data center plans are growing fast. For example, Nvidia and OpenAI recently announced a partnership to build 10 gigawatts of data centers, which equals the power used by New York City during peak summer.
AI companies face a problem: the U.S. electric grid is old and often slow to provide extra power. Building new data centers could also raise electricity prices for homes. Deploying “behind-the-meter” power solutions (off the grid) is essential to closing the grid gap for AI factories, said Sikander Rashid, Brookfield’s global head of AI infrastructure.
KR Sridhar, Bloom Energy CEO, said, “AI infrastructure must be built like a factory—with purpose, speed, and scale.” Nvidia CEO Jensen Huang told CNBC last week, “Data center self-generated power could move a lot faster than putting it on the grid and we have to do that.” Huang added that the AI industry will need off-grid power to quickly meet demand and protect consumers from rising electricity prices.
FAQsQ1. Why did Bloom Energy shares jump 30% recently?
Because Bloom Energy made a $5 billion deal with Brookfield to supply fuel cells for AI data centers.
Q2. What is Brookfield and Bloom’s plan for AI data centers?
Add Now!
They will build “AI factories” using Bloom’s fuel cells to provide fast, off-grid power for AI data centers worldwide.
Bloom Energy’s fuel cells are “fuel-flexible” and can run on natural gas, biogas, or hydrogen, according to the company. Brookfield and Bloom will collaborate to design and build “AI factories” around the world, including a site in Europe that will be unveiled before the end of the year, as stated by CNBC report.
Bloom energy stock surge
Bloom Energy shares jumped almost 30% in early trading after the announcement. Bloom’s fuel cells provide onsite power and can be installed quickly because they don’t rely on a connection to the electric grid.
The company has already installed hundreds of megawatts of fuel cells through deals with utilities like American Electric Power and data center developers such as Equinix and Oracle, according to Bloom Energy, as mentioned in the report by CNBC.
AI data centers need off-grid power
The AI industry’s data center plans are growing fast. For example, Nvidia and OpenAI recently announced a partnership to build 10 gigawatts of data centers, which equals the power used by New York City during peak summer.
AI companies face a problem: the U.S. electric grid is old and often slow to provide extra power. Building new data centers could also raise electricity prices for homes. Deploying “behind-the-meter” power solutions (off the grid) is essential to closing the grid gap for AI factories, said Sikander Rashid, Brookfield’s global head of AI infrastructure.
KR Sridhar, Bloom Energy CEO, said, “AI infrastructure must be built like a factory—with purpose, speed, and scale.” Nvidia CEO Jensen Huang told CNBC last week, “Data center self-generated power could move a lot faster than putting it on the grid and we have to do that.” Huang added that the AI industry will need off-grid power to quickly meet demand and protect consumers from rising electricity prices.
FAQsQ1. Why did Bloom Energy shares jump 30% recently?
Because Bloom Energy made a $5 billion deal with Brookfield to supply fuel cells for AI data centers.
Q2. What is Brookfield and Bloom’s plan for AI data centers?
Add 
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