IDF and Oaktree commit $1.7B to Bloom Energy fuel cells for Nebius AI
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Industrial Development Funding and Oaktree Announce $1.7 Billion Project Investment in Bloom Energy Fuel Cells for Nebius AI Infrastructure Build-Out
July 16, 2026 8:25 AM EDTNEW YORK, July 16, 2026 /PRNewswire/ -- Industrial Development Funding ("IDF") and Oaktree today announced $1.7 billion in project investment as part of a broader commitment to support the deployment of Bloom Energy's (NYSE: BE) fuel cell technology for the build-out of AI cloud infrastructure. Once complete, the project will provide dedicated behind-the-meter power, helping Nebius meet demand for the compute capacity underpinning its AI cloud platform. Nebius selected Bloom... More
