By Reuters

(Reuters) -Brookfield Asset Management (BAM) said on Monday it will invest up to $5 billion in Bloom Energy's fuel cell technology to power artificial intelligence (AI) data centers.

Shares of Bloom Energy (BE) were up 25% at $108.84 in premarket trading.

Brookfield has been investing heavily in Europe and earlier this year laid out plans to invest 20 billion euros ($23.15 billion) to develop AI projects in France, making it Europe's largest AI infrastructure cluster.

The two companies said they are working on the design and delivery of AI factories globally, including a site in Europe that will be announced before the end of the year.

($1 = 0.8639 euros)

(Reporting by Dharna Bafna in Bengaluru; Editing by Sonia Cheema)

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