Jul. 16 at 12:32 PM
$BE $OCSL
Bloom Energy's fuel cell technology to receive
$1.7B in project investment
Oaktree (OCSL) and Industrial Development Funding, or IDF, announced
$1.7B in project investment as part of a broader commitment to support the deployment of Bloom Energy's (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. IDF is the lead developer of the Nebius project, with minority equity participation from Oaktree. The announcement expands collaboration between IDF and Bloom Energy that has enabled transactions and a diversified portfolio of over
$2.6B in Bloom Energy projects.