Brookfield’s $5 Billion Deal Spurs Rally in Bloom Energy Shares

Shares of Bloom Energy Corp. soared 27%, the biggest gain in almost a year, after Brookfield Corp. agreed to invest up to $5 billion to deploy the company’s fuel cells at new data centers that operate artificial intelligence.

The investment firm and the energy-storage company are collaborating on AI data centers globally, including a site in Europe that will be announced before the end of the year, according to a statement on Monday. The companies said factories are needed to meet “the growing compute and power demands” of AI.