UPDATE 1-Bloom Energy, Brookfield expand AI infrastructure power partnership to $25 billion
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Oracle Corporation ORCL | 0.00 | |
Equinix, Inc. EQIX | 0.00 | |
American Electric Power Company, Inc. AEP | 0.00 | |
Brookfield Asset Management Ltd. Class A BAM | 0.00 |
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June 30 (Reuters) - Bloom Energy BE.N and Brookfield BAM.N said on Tuesday they expanded their partnership to finance power projects for AI infrastructure, boosting their funding framework fivefold to $25 billion to accelerate the global deployment of fuel cells.
Brookfield in October had agreed to invest up to $5 billion in Bloom's fuel cell technology to power data centers, as companies seek cleaner energy to meet the needs of the AI boom.
Data center operators are increasingly turning to nuclear, renewables and fuel cells to meet soaring power needs from AI and cloud computing, fueling billions in new infrastructure spending.
Bloom Energy has already deployed its fuel cell technology to data centers, through partnerships with American Electric Power AEP.O, Equinix EQIX.O and Oracle ORCL.N.
The expanded partnership is part of Brookfield’s dedicated AI Infrastructure Fund, which launched in November 2025 with a target to deploy $100 billion, the company said.