Mentioned:
Brookfield is preparing to provide Bloom Energy with more access to capital. And together they are aiming to accelerate the deployment of fuel cells directly on-site at data centres.
What’s happening:
- Brookfield has expanded their funding commitment to Bloom Energy (NYSE: BE) to a total of up to $25B USD
Why it matters:
- This is the single largest financing commitment Brookfield has ever given to Bloom Energy
Going deeper:
- The funding commitment from Brookfield will be used by Bloom Energy to finance new fuel cell power systems directly on-site at data centres and Brookfield will be repaid through long term contracts
- Bloom Energy has been landing multiple large scale fuel cell deployment deals to power data centres lately, including notably striking a 2.8 gigawatt deal with Oracle (NYSE: ORCL) as well as deal with Nebius (NASDAQ: NBIS) for 328 megawatts of installed capacity
The intrigue:
- American Electric Power (NASDAQ: AEP) also previously made waves when they struck a $2.65B USD deal with Bloom Energy to deploy Bloom Energy’s fuel cells at a new power facility located near Cheyenne, Wyoming
