BE · 10-Q · 2026Q1 · Full report
Partnerships and Joint Ventures (Brookfield)
Bloom Energy Corp · 2026-04-29 · Importance 96 · Surprise 100
Bloom made a $19.8 million investment in joint ventures formed with Brookfield (referenced in Note 7) during the period and the Company and Brookfield entered into JV structures during 2025. Projects executed through the Brookfield joint ventures, including a major hyperscaler project, materially drove product revenue growth—Bloom attributes much of the $441.5 million increase in product revenue in Q1 2026 to these JV-executed projects. The Company reports an equity loss of $17.0 million from unconsolidated affiliates in Q1 2026 reflecting intra-entity profit elimination and the HLBV equity pickup method for the JV results. Management refers readers to the Investments in Unconsolidated Affiliates note for detailed JV accounting and results.
Key facts
- Company made $19.8 million investment in joint ventures with Brookfield during the three months ended March 31, 2026
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +0.4% | Company made $19.8 million investment in joint ventures with Brookfield during the three months ended March 31, 2026 |