Bloom Energy and Brookfield have expanded their strategic partnership to address the surging power demands of artificial intelligence infrastructure. Brookfield increased its framework to finance power projects for AI infrastructure from a previously announced $5 billion to $25 billion, a fivefold expansion since October 2025. This significant capital injection aims to accelerate the global deployment of Bloom Energy's fuel cell technology, providing the fast, reliable, and community-friendly power required by hyperscalers and AI developers.

The expanded partnership reflects strong and sustained demand from hyperscalers and AI infrastructure developers. It brings together Brookfield’s global leadership in AI infrastructure development, access to capital, and operating scale with Bloom’s rapidly deployable onsite power platform. Together, the companies continue to advance a new model for "AI factories" that integrates power, compute, data center infrastructure, and capital from the outset.

"When we formed this partnership, we said it was the first phase of a much larger vision," said Aman Joshi, Chief Commercial Officer of Bloom Energy. "Today’s commitment reflects the momentum we are seeing in the market, as evidenced by recently announced large-scale deals. Bloom is uniquely positioned to address the urgent need for clean, reliable power to support the rapid growth of AI."

"Scaling our commitment with Bloom Energy reflects both the strength of this partnership and the conviction behind our broader AI infrastructure strategy," said Sikander Rashid, Head of AI Infrastructure at Brookfield. "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."

The expanded partnership is part of Brookfield’s dedicated AI Infrastructure Fund, which launched in November 2025 with a target to deploy $100 billion. Brookfield is one of the world’s leading AI infrastructure investors, with over $100 billion already invested in digital infrastructure and clean power assets. The collaboration is underpinned by strong commercial momentum, evidenced by Bloom's existing $20 billion project backlog and a recent deployment for Oracle Corp. that stood up over 50 megawatts of power in just 55 days.

Jefferies analyst Julien Dumoulin-Smith has maintained a Hold rating on Bloom Energy while raising the price target to $246 from $207. The revised target indicates an updated valuation perspective on the company's stock performance.

The decision to increase the price target comes as the firm assesses Bloom Energy's current market position and future potential. Despite the higher target, the Hold rating suggests that the stock is expected to perform in line with the broader market.

Rating and Target Details

The following table outlines the revised rating and price target for Bloom Energy:

The adjustment in the price target highlights the firm's recognition of Bloom Energy's growth prospects within the energy sector.