Nebius, Bloom Energy Sign Master Fuel Cell Capacity Agreement

MT Newswires Live00:15

Nebius (NBIS) said Wednesday in a filing with the US Securities and Exchange Commission that its subsidiary has signed a master fuel cell capacity agreement and related system orders with Bloom Energy (BE) on May 14.

Under the contract, Nebius said it will pay monthly services fees of up to $2.6 billion in the aggregate over the term of the agreement to purchase the capacity and associated electricity generated by the power supply systems.

The power capacity being provided is expected to come online in three phases and is slated to provide a guaranteed capacity of about 250 megawatts and system installed capacity of about 328 megawatts, according to the company's Form 6-K filing.

Bloom Energy will install, operate and maintain the power supply systems, Nebius said.

Shares of Nebius were up 1.5%, and Bloom Energy rose 11% in Wednesday trading.

Price: 199.91, Change: +2.18, Percent Change: +1.10

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