Bloom Energy (BE) is trying to make power part of the artificial intelligence trade.The company is getting a larger role in AI infrastructure after Brookfield expanded its financing framework for AI power projects from $5 billion to $25 billion.The fivefold increase gives Bloom a bigger opening to sell fuel-cell power systems into a market where data-center developers are racing to secure electricity for artificial intelligence and cloud computing.Bloom closed at $302.70 on Jun 30 after the announcement. Shares were up 2% to $308.71 around midday July 1, after trading between $286.51 and $320.00 during the session.Bloom gets a bigger role in AI power buildoutThe expanded partnership is designed to finance power projects for AI infrastructure and accelerate the global deployment of Bloom’s fuel cells.Bloom’s role is centered on onsite power. The company’s fuel-cell systems provide electricity for customers that need reliable power near where it is used, including data centers, semiconductor manufacturing sites, utilities and other commercial and industrial users.Related: JPMorgan resets Bloom Energy stock price targetBrookfield brings the capital. Bloom brings the power platform.The partnership is part of Brookfield’s dedicated AI Infrastructure Fund, which launched in November 2025 with a target to deploy $100 billion. The fund focuses on large AI factories, power solutions, compute infrastructure, and strategic capital partnerships.For Bloom, the deal adds scale to an AI power narrative that has already attracted major customers. Reuters reported that Bloom has deployed its fuel-cell technology to data centers through partnerships with American Electric Power (AEP), Equinix (EQIX), and Oracle (ORCL).”Scaling this partnership further strengthens Brookfield’s position as one of the leading global AI infrastructure investors, capable of delivering end-to-end solutions, from electrons to tokens, for some of the world’s most sophisticated customers,” said Sikander Rashid, head of AI Infrastructure at Brookfield.The phrase “from electrons to tokens” captures why the deal drew investor attention, showing that the AI trade is no longer only about the chips that process data or the cloud platforms that host workloads. It is also about the electricity needed to keep those systems running.Why AI data centers need more powerData-center operators are increasingly turning to nuclear power, renewables and fuel cells to meet rising electricity needs from AI and cloud computing, Reuters reported.The pressure is growing quickly. Reuters reported in June that Goldman Sachs expects U.S. data-center electricity demand to rise from 31 gigawatts in 2025 to 66 gigawatts in 2027.More AI:Goldman Sachs has blunt message for AI stock investorsMicrosoft CEO sends a blunt warning on AI and the tech ecosystemThe next AI infrastructure race has nothing to do with chipsThe soaring demand is making electricity supply a strategic issue for data-center developers, pushing them to seek ways to overcome grid-connection delays and source power more quickly.Bloom’s fuel-cell systems are built for that kind of demand. They can provide onsite power near customers rather than relying solely on traditional grid connections. For AI developers, faster access to power can affect how quickly they bring new data-center capacity online.Bloom’s AI opportunity comes with testsThe Brookfield expansion gives Bloom a stronger position in one of the fastest-growing corners of AI infrastructure.But it also raises the bar for the company. Investors will want to see how quickly projects move from funding commitments to deployments, how much revenue Bloom can capture, and whether the company can scale its fuel-cell systems while protecting margins.The expectations are already high.Barron’s reported that Bloom Energy stock has surged more than 1,000% over the past 12 months as investors have looked for AI infrastructure power plays. The outlet also reported that Evercore ISI raised its price target on Bloom from $295 to $350, citing the company’s ability to provide clean, reliable and dispatchable power for AI training.
The Energy Bloom stock has soared in the last year.aire images / Getty Images
The stock move shows that execution is important. A company can benefit from a powerful theme and still face investor pressure if project timelines, margins, or customer demand do not meet expectations.Bloom’s advantage lies in its being tied to a clear need. The deal gives the company a larger financing platform for AI infrastructure power projects and brings it closer to data-center developers trying to solve power constraints. For those developers, the issue is not just securing electricity, but getting it quickly enough to keep AI projects on schedule.The risk is that the market has already priced in a lot of that opportunity.The next test is whether Bloom can turn that demand into real deployments, revenue and profit.Related: Analysts reset Bloom Energy rating as stock explodes higher