Nebius enters master fuel cell capacity agreement with Bloom Energy

In a regulatory filing, Nebius (NBIS) disclosed on May 14, Nebius Inc., a wholly owned subsidiary of the company, entered into a Master Fuel Cell Capacity Agreement and related system orders with Bloom Energy (BE). “Pursuant to the Capacity Agreement, the Company will purchase the capacity and associated electricity generated by the power supply systems, and Bloom will install, operate and maintain the power supply systems. The power capacity being provided under the Capacity Agreement is expected to come on in three phases (each with a supply term of 10 years) and is expected to provide (in the aggregate) for guaranteed capacity of approximately 250MW and system installed capacity of approximately 328MW. The Company will pay monthly services fees of up to $2.6 billion in the aggregate over the term of the Capacity Agreement, subject to commencement of the Capacity Agreement upon satisfaction of certain conditions,” the filing stated.

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