Nebius Group N.V.Nebius adopts Bloom's fuel cells for its data center, enhancing project viability and community relations.
Nebius Group N.V. said it will use Bloom Energy Corporation's fuel-cell technology at its planned 300-megawatt AI data center in Vineland, New Jersey, sending Bloom Energy shares up 12.3% on Wednesday, Aug. 12. During Nebius's Q2 earnings call, Chief Communications Officer Tom Blackwell said the switch would significantly enhance the project from a community perspective, while Chief Product and Infrastructure Officer Andrey Korolenko said Bloom's fuel cells should be deployed quickly with no significant impact on the project timeline. The endorsement comes as the project faces permitting, zoning and community opposition over earlier plans for onsite gas generation, and Nebius now sees Bloom as a quieter, reliable, ultra-low-emission power solution while it seeks final approval for an amended site plan. Bloom Energy's market capitalization is $69.9 billion, and its shares remain up 457% over the past 52 weeks despite a 31% decline in July.
Nebius Group N.V.Nebius adopts Bloom's fuel cells for its data center, enhancing project viability and community relations.
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Bloom Energy CorpNebius will use Bloom's fuel cells at its AI data center, a concrete order for Bloom's product.
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