Howard Marks’ Crew Plugs $5B Into Bloom Energy (+30%) After Jensen Calls for More Power Plants

Bah Gawd, that’s Bloom Energy’s music…

Shares of Bloom Energy (+30.8%) are kicking off this week with a spark (pun intended) after the company landed a monster $5 billion deal with Brookfield Asset Management… the same Canadian firm that owns Oaktree (aka Howard Marks’ playground). When the guy whose memos get forwarded by Warren Buffett is indirectly co-signing your energy tech, you know you’re doing something right.

Brookfield’s essentially handing Bloom a folding chair and saying, “Get in there, champ.” The Canadian investment giant plans to bankroll the deployment of Bloom’s fuel-cell tech (think: little boxes that turn hydrogen or natural gas into electricity on-site) to keep AI servers humming without needing to tap into the grid. It’s clean, fast, and off-grid. In other words, exactly what Sam Altman dreams about when he’s not explaining to Congress why OpenAI shouldn’t be classified as a potential doomsday device.

(Source: Reuters)

This comes after last week where Daddy Jensen said that the AI industry’s growing so fast they’ll need to build their own power plants. So after seeing a YUGE money sign, Brookfield and Bloom are skipping the red tape and setting up what they’re calling “AI factories” around the world. First stop? Europe. Next stop? Probably wherever ChatGPT decides it wants to be reborn next.

For Bloom, this is a Heisenberg “say my name” kind of moment. These guys have spent years quietly working behind the curtain with companies like Oracle, Equinix, and American Electric Power, but this Brookfield deal not only makes them more relevant… it makes them essential to the AI industry. 

Bloom’s now the company Zuck’s gonna call when his data centers start sweating and the local power grid says, “Yeah, we’re tapped out.” And if you’re somehow able to end up on Zuck’s speed dial list during his AI midlife crisis, you better believe you’ve struck it rich.

At the time of publishing this article, Stocks.News doesn’t hold positions in companies mentioned in the article.