By Elias Schisgall
Brookfield and Bloom Energy are expanding their partnership on financing artificial-intelligence infrastructure power projects.
Under the expanded partnership, Brookfield is increasing its financing framework to $25 billion from $5 billion.
The move is in response to continued robust power demand from companies building AI infrastructure, the companies said.
"Today's commitment reflects the momentum we are seeing in the market, as evidenced by recently announced large-scale deals," Bloom Energy Chief Commercial Officer Aman Joshi said. "Bloom is uniquely positioned to address the urgent need for clean, reliable power to support the rapid growth of AI."
The partnership is part of Brookfield's AI Infrastructure Fund, which was launched in November and is targeting $100 billion in deployments.
Shares of Bloom Energy surged 15%, to $347.40, after hours Tuesday. The stock closed up 10%, at $302.70, having risen by nearly three-and-a-half times its value this year.
Write to Elias Schisgall at elias.schisgall@wsj.com