Nebius inked a deal to use Bloom Energy's fuel cell tech for its AI infrastructure buildout. Nebius disclosed in an SEC filing that the deal is worth $2.6 billion over the contract term.
Bloom’s fuel cell systems will provide behind-the-meter electricity for Nebius and help meet demand for the compute capacity underpinning its full-stack AI cloud platform. The first project with 328 MW of installed capacity is expected to be operational this year.
The long-term partnership with Bloom supports Nebius’s U.S. build-out with potential for global expansion as Nebius scales.
“Power remains a key constraint for AI infrastructure build-outs,” said Andrey Korolenko, Chief Product and Infrastructure Officer at Nebius. “We chose Bloom because their fuel cells solve that directly: Clean power with virtually no pollutants is deployed onsite, on the timelines our customers need, with the availability AI workloads require."
The deal comes shortly after Bloom Energy secured a contract with Oracle to deploy up to 2.8 GW of its fuel cell technology in April.
Read the full Nebius press release here.