Brookfield Locks 9 GW Fuel Cell Deal as Market Set to Reach $30B by 2030
BAM•Brookfield secured a framework deal to deploy on-site fuel cells as part of a 9 GW contracted order book, reducing reliance on grid connections that now take three to six years. Fuel cell revenues are set to climb from $2.8 billion in 2025 to $30 billion by 2030, driven by AI data center demand.
1. Framework Agreement Details
Brookfield has secured a framework agreement to procure a share of a 9 GW contracted order book for on-site fuel cell installations at its data center portfolio. This arrangement aims to overcome grid connection delays, which now average three to six years for new large electrical loads.
2. Market Growth Projections
Projections indicate global fuel cell revenue rising from $2.8 billion in 2025 to $30 billion by 2030 as AI-driven data center construction accelerates. Federal tax incentives and North America’s expected 91% share of installed on-site generation capacity enhance the financial appeal of these deployments.
3. Supply Chain and Capacity Risks
Manufacturers plan to scale annual production from 1.8 GW today to 4 GW by 2030, with solid oxide fuel cells accounting for roughly 53% of deployments. However, heavy reliance on a single supplier’s scandium-dependent technology and concentrated contract volumes could create bottlenecks if demand outpaces supply.
