Nebius partners with Bloom Energy for 328 MW fuel cell power deployment in deal worth up to $2.6B

May. 21, 2026

Nebius Group, the AI cloud infrastructure company listed on NASDAQ, just locked in a long-term partnership with Bloom Energy that could be worth up to $2.6 billion in service fees. The deal centers on deploying solid oxide fuel cell systems at Nebius’s AI data centers, with an initial planned capacity of 328 megawatts.

NBIS shares jumped more than 17% following the announcement on May 20, while Bloom Energy also saw a significant bump.

What the deal actually looks like

The agreement, signed on May 14, 2026, covers three ten-year phases with that $2.6 billion total contract value spread across them. The first phase targets 328 MW of installed capacity, which translates to roughly 250 MW of guaranteed capacity. That initial deployment is expected to go live in 2026.