Bloom rises after expanding Brookfield AI infrastructure power partnership to $25 billion

BROOKFIELD ASSET MANAGEMENT

30/06/2026 22:03

** Shares of Bloom Energy BE.N rise 11.8% to $338.39 in extended trade
** BE and Brookfield BAM.N expand 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
** BAM 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
** Expanded partnership is part of BAM's dedicated AI Infrastructure Fund, which launched in November 2025 with a target to deploy $100 billion
** Up to last close, stock had risen 248.4% YTD

(Reporting by Puyaan Singh)
((Puyaan.Singh@thomsonreuters.com))