Bloom Energy (BE) soars on deal with Brookfield to power AI data centers

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Shares of Bloom Energy soared Monday after striking a deal with Brookfield Asset Management to install fuel cells in artificial intelligence data centers.

Brookfield will spend up to $5 billion to deploy Bloom Energy's technology, the first investment in its strategy to support big AI data centers with power and computing infrastructure. Bloom's fuel cells are "fuel-flexible" and can run on natural gas, biogas or hydrogen, the company says.

Brookfield and Bloom are collaborating to design and build what they are calling "AI factories" around the the world, including a site in Europe that will be unveiled before the end of the year.

Shares of Bloom Energy jumped more than 20%. Bloom's fuel cells provide