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 buildout The 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.