Bloom Energy surged in pre-market trading after reaching a $5 billion AI infrastructure partnership with Brookfield
Bloom Energy has reached a strategic cooperation with Brookfield worth $5 billion, becoming the preferred power supplier for its global artificial intelligence factories. Both parties will jointly design and deliver AI factories, and Brookfield will invest in Bloom's fuel cell technology to support AI infrastructure. This cooperation is seen as the first investment in Brookfield's AI infrastructure strategy, and Bloom Energy's stock price rose 24% in pre-market trading
According to the Zhitong Finance APP, Bloom Energy (BE.US) announced a $5 billion strategic cooperation with Brookfield Asset Management (BAM.US), officially becoming the preferred on-site power supplier for Brookfield's global artificial intelligence factories. The two parties will jointly design and deliver artificial intelligence factories worldwide, including a site in Europe, which will be announced by the end of the year. Under the agreement, Brookfield will invest up to $5 billion to deploy Bloom's advanced fuel cell technology to support its AI infrastructure layout.
Sikander Rashid, Head of Global AI Infrastructure at Brookfield, stated: "Bloom's advanced fuel cell technology gives us a unique capability to design and build modern AI factories in a fully innovative way to meet their high power demands. As the world's largest investor in AI infrastructure, this collaboration adds a powerful new tool to our global growth strategy in a market environment constrained by the grid."
This cooperation is positioned by Brookfield as the first investment in its dedicated AI infrastructure strategy, focusing on the expansion of large AI factories, power solutions, computing infrastructure, and strategic capital partnerships in the future.
As of the time of publication, Bloom Energy's stock price surged 24% in pre-market trading on Monday, reaching $108.50 per share
