Brookfield Asset Management (BAM) and Bloom Energy (BE) have announced a significant $5 billion partnership to develop AI infrastructure facilities, with Bloom Energy providing onsite power for Brookfield’s new AI factories. This collaboration marks Brookfield’s initial investment under its AI Infrastructure strategy and will utilize Bloom’s solid oxide fuel cells (SOFCs) to power data centers, responding to growing electricity demands, estimated to exceed 100 GW in the U.S. by 2035.
Additionally, American Electric Power (AEP) has signed a $2.65 billion deal with Bloom Energy to develop a fuel cell power generation facility in Wyoming. The agreement includes a 100 MW SOFC acquisition with an option for an additional 900 MW, significantly scaling Bloom’s involvement in the project. AEP also secured a 20-year contract for 100% of the facility’s output, with expectations to meet conditions by Q2 2026.
Key statistics highlight that U.S. data center electricity demand is projected to double by 2030, influenced by a shift towards real-world AI applications. The rising challenges in construction costs and community scrutiny are becoming critical factors for data center developers, emphasizing the need for innovative solutions in energy sourcing and emissions management.
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