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May 21, 2026 8:03 AM

NVIDIA-Backed Nebius Partners With Bloom Energy For AI Cloud Expansion

Nebius Group (NASDAQ:NBIS) shares are up during Thursday’s premarket session. On Wednesday, the company disclosed a partnership with Bloom Energy (NYSE:BE) to enhance its AI infrastructure.

This collaboration aims to utilize Bloom’s fuel cell technology, which is known for its efficiency and low emissions, to support Nebius’s ambitious expansion plans in the AI cloud sector.

Nebius is establishing a significant footprint in AI compute capacity globally, with a focus on clean energy solutions.

The partnership with Bloom Energy is expected to accelerate Nebius’s operational capacity. The company expects the first project to be operational this year, featuring 328 MW of installed capacity.

Earnings Snapshot

Last week, Nebius reported first-quarter 2026 results that highlighted explosive growth in its AI cloud business, surging customer demand and an aggressive expansion of its global data center footprint, as the company raised its contracted power guidance ...