Former House Speaker Nancy Pelosi’s family has reportedly invested heavily in an energy company looking to benefit from the increased energy needs of the artificial intelligence sector, based on a recent congressional financial disclosure.
According to a transaction report that Nancy Pelosi signed on August 21, her husband, Paul Pelosi, acquired 15,000 shares of Bloom Energy and 200 call options using accounts under his name. Bloom Energy, based in San Jose, California, produces fuel-cell systems that offer on-site electricity solutions for data centers and other electricity-intensive operations.
The financial disclosure indicates that on July 24, Paul Pelosi bought 10,000 shares of Bloom, valued between $1 million and $5 million, along with 100 call options in the same value range. Additionally, he purchased another 5,000 shares worth between $500,000 and $1 million on July 28, as well as another 100 call options priced similarly, Barron’s noted.
In response to the disclosure, Pelosi’s office clarified to Barron’s that “Speaker Pelosi does not own any stocks and has no knowledge or subsequent involvement in any transactions.”
Pelosi has denied claims that she leveraged information acquired through her public service to enhance her or her husband’s stock dealings. Previous statements from her office to the Daily Caller News Foundation reiterated that she “does not own any stocks” and lacks knowledge of her husband’s transactions.
Neither Nancy Pelosi nor Bloom Energy immediately responded to requests for comment from the DCNF.
Pelosi, who has decided not to seek reelection this November after 39 years in Congress, initially opposed a proposal to prohibit Congress members from trading stocks back in 2021. However, she later supported restrictions on stock trades involving elected officials and their families. In 2025, she backed legislation that aimed to ban Congress members, as well as presidents and vice presidents, from trading individual stocks.
Bloom Energy is becoming a key player in providing power for AI infrastructure, particularly as developers of data centers face delays in securing new grid connections, as reported by Reuters.
In April, Bloom announced that Oracle planned to acquire up to 2.8 gigawatts of its fuel-cell systems to enhance AI and cloud-computing capabilities, with an initial 1.2 gigawatts already being utilized for Oracle projects in the U.S.
Following this, Bloom and investment firm Brookfield amplified their partnership on AI infrastructure from $5 billion to $25 billion in June, according to a press release from Bloom. This collaboration is expected to finance swiftly deployable power solutions for AI facilities worldwide.
This partnership allows Bloom to address a significant hurdle in the AI industry—ensuring a reliable and substantial electricity supply quickly enough to match the construction pace of new data centers. Bloom promotes its onsite fuel cells as a viable option for developers facing protracted waits for electricity grid connections and upgrades.
Bloom’s stock price has more than doubled since the start of 2026, as noted by Barron’s, with a notable increase following the recent disclosure regarding Pelosi’s family transactions.
The STOCK Act, enacted by former President Barack Obama in 2012, mandates that members of Congress disclose any qualifying securities transactions made by themselves, their spouses, or dependent children. Generally, transactions surpassing $1,000 must be reported within a 45-day window.
“We must have strong transparency, robust accountability, and tough enforcement for financial conduct in office because the American people deserve confidence that their elected leaders are serving the public interest—not their personal portfolios,” Pelosi stated in July 2025.
In 2025, two Republicans from Missouri introduced a bill named after Pelosi aimed at preventing members of Congress and their spouses from engaging in stock trading. This legislation is titled the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act.
