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$1.7B invested to deploy Bloom Energy fuel cells powering AI cloud infrastructure for Nebius.

Market News
16 Jul 2026
PRNewsWire
View Source
Bullish
pluang ai news

Industrial Development Funding (IDF) and Oaktree have committed $1.7 billion to support Bloom Energy's fuel cell technology for building AI cloud infrastructure for Nebius. This project will provide dedicated behind-the-meter power to meet the high compute demands of Nebius' AI platform, chosen for its clean, fast, and reliable energy. The investment involves multiple financial partners including Morgan Stanley and MUFG Bank, highlighting a growing trend of institutional capital backing clean energy solutions for digital infrastructure. This deal expands IDF and Bloom Energy's collaboration, which has already funded over $2.6 billion in projects, signaling strong confidence in fuel cell technology for powering AI workloads.

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