• Brookfield to invest up to $5 billion in Bloom Energy’s fuel cell technology to power global AI factories.
• Partnership marks Brookfield’s first deal under its dedicated AI Infrastructure strategy.
• Collaboration aims to deliver scalable, clean, behind-the-meter power solutions amid growing AI-driven grid constraints.

Building the Power Backbone for AI

Brookfield and Bloom Energy have announced a $5 billion strategic partnership to build and power the next generation of “AI factories,” combining infrastructure investment with on-site clean power systems to address the surging energy demand driven by artificial intelligence.

The deal marks Brookfield’s first investment under its new AI Infrastructure strategy, which focuses on large-scale facilities designed to integrate compute, power, and capital from inception. Bloom Energy, known for its solid oxide fuel cell systems, will become the preferred onsite power provider for Brookfield’s global AI factory developments.

“AI infrastructure must be built like a factory—with purpose, speed, and scale,” said KR Sridhar, Founder, Chairman and CEO of Bloom Energy. “The lean AI factory is achieved when power, infrastructure, and compute are designed in sync from day one.”

A Grid-Independent Model for AI Expansion

Unlike conventional data centers dependent on legacy grids, AI factories envisioned by the partnership will use behind-the-meter power—energy generated and consumed on-site. This approach offers resilience against grid congestion and instability, which are emerging as critical risks as AI power demand accelerates.

“Behind-the-meter power solutions are essential to closing the grid gap for AI factories,” said Sikander Rashid, Global Head of AI Infrastructure at Brookfield. “Bloom’s fuel cell technology gives us the capability to design and construct modern AI factories with a holistic and innovative approach to power needs.”

Bloom’s fuel cells can generate continuous, dispatchable electricity directly on-site using natural gas, biogas, or hydrogen. Unlike intermittent renewables, fuel cells can provide consistent baseload power with near-zero particulate emissions. This flexibility is increasingly attractive to hyperscale developers and institutional investors navigating regulatory and physical grid bottlenecks.

The first joint AI factory site will be located in Europe, with an announcement expected before year-end.

The Coming Surge in AI Power Demand

AI’s power intensity is quickly redefining data infrastructure. Analysts estimate that AI data centers in the United States alone could exceed 100 gigawatts of power demand by 2035, roughly equivalent to the entire consumption of California today.

That scale of growth has spurred interest in modular, off-grid power solutions capable of being deployed quickly and replicated globally. Bloom Energy’s systems—already operating at facilities run by American Electric Power, Equinix, and Oracle—demonstrate the technology’s viability at industrial scale.

By combining Bloom’s engineering expertise with Brookfield’s project-finance capabilities, the partnership aims to create a repeatable AI factory model that can be adapted to different regional energy markets, policy environments, and fuel sources.

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Brookfield’s Growing Digital and Energy Portfolio

Brookfield, with over $550 billion in critical infrastructure assets, has rapidly expanded its exposure to the digital and clean energy sectors. Recent deals include stakes in Compass Datacenters, Duke Energy Florida, and Hotwire Communications, as well as a multi-gigawatt agreement to supply Google with hydropower across the United States.

The AI Infrastructure strategy builds on more than $100 billion Brookfield has invested in digital assets globally, including data centers, fiber networks, and renewable energy. The company sees AI-driven infrastructure as the next convergence point between its energy and digital portfolios.

“Power has become the defining constraint—and opportunity—in the AI era,” said a senior Brookfield executive familiar with the strategy. “Owning and integrating both sides of the equation will determine who scales fastest.”

Global Implications

The Brookfield–Bloom partnership is emerging as a test case for how institutional capital, clean technology, and energy system design can evolve to meet AI’s exponential load growth. As governments tighten net-zero mandates and grid upgrades lag behind, decentralized clean power generation is likely to become a defining theme in global data infrastructure financing.

For C-suite leaders and investors, the partnership signals a structural realignment of how digital infrastructure is financed and powered—where energy autonomy, emissions compliance, and capital efficiency converge to shape the next wave of AI investment.

Brookfield and Bloom Energy’s collaboration, beginning with a European launch and global ambitions, positions both firms at the intersection of two defining forces of this decade: the AI revolution and the energy transition.

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