On October 13, 2025, Brookfield and Bloom Energy have entered into a strategic partnership worth up to US$5 billion (about C$6.8 billion) to develop AI-focused data center infrastructure. The agreement centers on deploying Bloom Energy’s fuel cell technology, which provides onsite, scalable, and clean power, to support the growing energy needs of AI data centers. Brookfield will invest up to US$5 billion to roll out this technology globally, with the first European site expected to be announced soon. This partnership is Brookfield’s initial investment under its new AI Infrastructure strategy, expanding on its experience with over US$100 billion in digital infrastructure investments.

The companies aim to address the projected surge in power demand from AI data centers, which experts estimate could exceed 100 gigawatts in the U.S. by 2035. Bloom Energy’s fuel cells are already used by major data center operators, including American Electric Power, Equinix, and Oracle. Brookfield’s broader portfolio includes more than US$550 billion in critical assets and recent investments in U.S. energy and digital infrastructure firms. The partnership reflects a shift toward integrated, purpose-built solutions for AI infrastructure in a market facing power supply constraints.

Legal advisors on the transaction included Latham & Watkins for Brookfield and Milbank for the lenders.