Nebius selects Bloom Energy fuel cells for a 300-megawatt New Jersey AI data center, lifting BE shares 12.3% on Aug. 12
Nebius' endorsement of Bloom Energy's fuel cells for a planned 300MW New Jersey AI data center reframes project risk by addressing permitting and community opposition tied to onsite gas generation. The switch suggests faster, quieter, ultralow-emission power deployment, reinforcing Bloom's positioning in the AI power bottleneck theme. Shares reacted sharply, indicating renewed confidence after recent volatility and controversy around supply-chain allegations.
AI Insight · NCSKBE2USD/USDTAI Insight
▲ Bullish
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Nebius Group said its planned 300-megawatt AI data center in New Jersey will use Bloom Energy’s fuel-cell technology to address community hurdles and supply quiet, ultra-low-emission power. Bloom Energy shares rose 12.3% on the news, pushing the company’s market capitalization to $69.9 billion. The stock had fallen 31% in July.