Private equity firm Brookfield is apparently optimistic enough in the future of on-site power for digital infrastructure that it is taking its original $5 billion partnership with fuel-cell developer Bloom Energy and magnifying it five times over.

Bloom Energy announced this week that Brookfield will expand its strategic financing for AI infrastructure power projects to $25 billion over coming years. This commitment is about one-fourth of Brookfield’s overall AI Infrastructure Fund which launched in November 2025.

The strategy is focused on using Bloom Energy’s fuel-cell technology power AI factories around the globe. Fuel cells convert gas and hydrogen into electricity through an electrochemical process which limits emissions.

“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. We are pleased with our partnership with Brookfield and look forward to deepening our collaboration on large projects.”

Brookfield originally committed $5 billion to fund Bloom Energy’s on-site power development work in October 2025.

“Scaling our commitment with Bloom Energy reflects both the strength of this partnership and the conviction behind our broader AI infrastructure strategy, including integrated compute,” said Sikander Rashid, head of AI Infrastructure at Brookfield, in a statement. “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.”

New York-based Brookfield maintains a variety of investment funds focused on both next-gen energy technologies including nuclear and renewables as much as infrastructure development. Last month, Brookfield Asset Management and Mitsubishi Capital announced formation of a joint venture for a privately held renewable energy company to develop projects in Europe.

Bloom Energy, meanwhile, has been scaling up its backlog of fuel-cell projects for data centers and AI factories. Earlier this year, cloud and software giant Oracle Corp. expanded its partnership with Bloom Energy to procure up to 2.8 GW of fuel-cell power capacity for its digital infrastructure.

A study by Turbine Logic last year estimated the global data center electricity load may more than double to 945 terawatt hours by 2030, likely outpacing utility grid power installation. This market gap and need could attract more than $1 trillion in private investment to build out power generation at the edge, according to multiple forecasts including research firm McKinsey & Co.

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