[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-17b-bloom-energy-nebius-ai-power-deal-en":3,"article-related-17b-bloom-energy-nebius-ai-power-deal-en":30,"series-industry-203bb092-ab5d-46c8-9c11-27dc63f91a6b":75},{"id":4,"slug":5,"title":6,"content":7,"summary":8,"source":9,"source_url":10,"author":11,"image_url":12,"cover_image":12,"category":13,"language":14,"translated_content":11,"related_article_id":15,"keywords":16,"key_takeaways":22,"views":26,"created_at":27,"published_at":28,"topic_cluster_id":29},"203bb092-ab5d-46c8-9c11-27dc63f91a6b","17b-bloom-energy-nebius-ai-power-deal-en","$1.7B Bloom Energy deal backs Nebius AI power","\u003Cp>What is the $1.7 billion Bloom Energy deal for Nebius \u003Ca href=\"\u002Ftag\u002Fai-infrastructure\">AI infrastructure\u003C\u002Fa>?\u003C\u002Fp>\u003Cp data-speakable=\"summary\">IDF and Oaktree are funding Bloom Energy \u003Ca href=\"\u002Fnews\u002F17b-backs-bloom-fuel-cells-nebius-ai-power-en\">fuel cells\u003C\u002Fa> to supply Nebius with on-site power for AI cloud operations.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>項目\u003C\u002Fth>\u003Cth>數值\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Project investment\u003C\u002Ftd>\u003Ctd>$1.7 billion\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Bloom project portfolio with IDF\u003C\u002Ftd>\u003Ctd>More than $2.6 billion\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Oaktree assets under management\u003C\u002Ftd>\u003Ctd>Approximately $224 billion\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Bloom Energy power source\u003C\u002Ftd>\u003Ctd>Fuel cells, behind-the-meter\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch2>What changed\u003C\u002Fh2>\u003Cp>Industrial Development Funding, or IDF, and Oaktree announced a $1.7 billion project investment to deploy \u003Ca href=\"https:\u002F\u002Fwww.bloomenergy.com\u002F\" target=\"_blank\" rel=\"noopener\">Bloom Energy\u003C\u002Fa> fuel cells for \u003Ca href=\"https:\u002F\u002Fwww.nebius.com\u002F\" target=\"_blank\" rel=\"noopener\">Nebius\u003C\u002Fa> AI infrastructure. IDF is the lead developer, Oaktree is the minority equity investor, \u003Ca href=\"https:\u002F\u002Fwww.morganstanley.com\u002F\" target=\"_blank\" rel=\"noopener\">Morgan Stanley\u003C\u002Fa> is the sole tax equity investor and placement \u003Ca href=\"\u002Ftag\u002Fagent\">agent\u003C\u002Fa>, and \u003Ca href=\"https:\u002F\u002Fwww.mufgamericas.com\u002F\" target=\"_blank\" rel=\"noopener\">MUFG Bank\u003C\u002Fa> is providing senior debt.\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1784516566572-akxy.png\" alt=\"$1.7B Bloom Energy deal backs Nebius AI power\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>The project will use behind-the-meter power, meaning electricity is generated at or near the data center instead of being drawn only from the grid. That setup is meant to give Nebius more control over power availability and speed up deployment of AI computing capacity.\u003C\u002Fp>\u003Cul>\u003Cli>Bloom fuel cells will supply dedicated electricity for Nebius AI workloads\u003C\u002Fli>\u003Cli>IDF says it has worked with Bloom on more than $2.6 billion in projects\u003C\u002Fli>\u003Cli>Oaktree said it focuses on infrastructure assets that power digital operations\u003C\u002Fli>\u003Cli>The financing stack combines equity, tax equity and senior debt\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>Why it matters\u003C\u002Fh2>\u003Cp>AI training and \u003Ca href=\"\u002Ftag\u002Finference\">inference\u003C\u002Fa> consume large amounts of electricity, and power access is now a bottleneck for new data center buildouts. Projects like this let operators add capacity without waiting solely on utility upgrades or new transmission builds.\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1784516566670-u2ve.png\" alt=\"$1.7B Bloom Energy deal backs Nebius AI power\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>For developers and investors, the deal shows how infrastructure capital is being structured around AI demand. The mix of fuel cells, tax equity and project debt gives energy vendors a financing path for faster deployments, while cloud operators get a clearer route to secure power.\u003C\u002Fp>\u003Cp>The transaction also extends Bloom’s role in AI infrastructure beyond hardware sales. It ties the company’s fuel cell systems to a broader financing model that can be repeated for other large computing facilities.\u003C\u002Fp>\u003Cp>The key question now is whether more AI operators will copy Nebius and buy power this way, rather than waiting on the grid.\u003C\u002Fp>","Industrial Development Funding and Oaktree are backing a $1.7 billion Bloom Energy project to power Nebius AI infrastructure with fuel cells.","pulse2.com","https:\u002F\u002Fpulse2.com\u002Findustrial-development-funding-and-oaktree-invest-1-7-billion-in-bloom-energy-fuel-cells-for-nebius-ai-infrastructure\u002F",null,"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1784516566572-akxy.png","industry","en","08e91dfa-7794-42f9-8c8f-fcaad01c212b",[17,18,19,20,21],"Bloom Energy","Nebius","Oaktree","Industrial Development Funding","AI infrastructure",[23,24,25],"$1.7 billion project investment backs Bloom fuel cells for Nebius","IDF leads the deal, with Oaktree, Morgan Stanley and MUFG in the capital stack","Behind-the-meter power is becoming a faster path for AI data center expansion",1,"2026-07-20T03:02:22.208872+00:00","2026-07-20T03:02:22.198+00:00","6d0e2c93-1793-4afe-84d9-19279d8e9c89",{"tags":31,"relatedLang":34,"relatedPosts":38},[32],{"name":21,"slug":33},"ai-infrastructure",{"id":15,"slug":35,"title":36,"language":37},"17b-bloom-energy-nebius-ai-power-deal-zh","1.7B Bloom 交易撐起 Nebius AI 供電","zh",[39,45,51,57,63,69],{"id":40,"slug":41,"title":42,"cover_image":43,"image_url":43,"created_at":44,"category":13},"cbf1f7b6-750b-4abf-9bbf-64f38e726f89","anthropic-meta-compute-deal-dependence-en","Anthropic should not become dependent on Meta for compute","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1784633581644-122m.png","2026-07-21T11:32:22.435094+00:00",{"id":46,"slug":47,"title":48,"cover_image":49,"image_url":49,"created_at":50,"category":13},"1574c409-3c33-4452-8e8a-aca7af70bb65","mistral-robotics-model-cuts-navigation-costs-en","Mistral's robotics model cuts indoor navigation costs","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1784554373703-i26z.png","2026-07-20T13:32:24.034597+00:00",{"id":52,"slug":53,"title":54,"cover_image":55,"image_url":55,"created_at":56,"category":13},"ae8a952a-77dc-4330-8647-271e4304b3a7","mistral-missile-france-short-range-air-defense-en","Mistral missile: France’s short-range air defense 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models","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1784532805363-n07i.png","2026-07-20T07:32:35.515497+00:00",{"id":70,"slug":71,"title":72,"cover_image":73,"image_url":73,"created_at":74,"category":13},"345b916b-e2b1-4396-8fec-09cb6f13cee7","ai-weekly-2026-w30-en","AI Weekly: 2026-07-13 ~ 2026-07-20","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1784521227424-z7lh.png","2026-07-20T04:00:23.661499+00:00",[76,81,86,91,96,101,106,111,116,121],{"id":77,"slug":78,"title":79,"created_at":80},"d35a1bd9-e709-412e-a2df-392df1dc572a","ai-impact-2026-developments-market-en","AI's Impact in 2026: Key Developments and Market Shifts","2026-03-25T16:20:33.205823+00:00",{"id":82,"slug":83,"title":84,"created_at":85},"5ed27921-5fd6-492e-8c59-78393bf37710","trumps-ai-legislative-framework-en","Trump's AI Legislative Framework: What's 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