Rising rates strain AI data center fundraising
Oct 15, 2026
Data Centers
Industrial Development Funding and Oaktree Back $1.7 Billion Bloom Energy Project for Nebius AI
Jul 17, 2026
Industrial Development Funding and Oaktree announced a $1.7 billion investment to deploy Bloom Energy fuel cells powering Nebius AI cloud infrastructure, with Morgan Stanley and MUFG providing financing support.
In a press release, Industrial Development Funding and Oaktree announced a $1.7 billion project investment to support the deployment of Bloom Energy fuel cell systems for the build out of the Nebius Group AI cloud platform. The project will supply dedicated behind the meter power to meet Nebius's high compute demand.
Industrial Development Funding is leading the project, with Oaktree taking a minority equity stake. Morgan Stanley acted as the sole tax equity investor and placement agent, while Mitsubishi UFJ Financial Group provided senior debt financing.
The investment continues a broader collaboration between Industrial Development Funding and Bloom Energy, expanding their combined portfolio to over $2.6 billion in Bloom projects. The partners said the project will deliver rapid, clean power solutions to support the growing energy requirements of AI infrastructure.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like AI Funding Brief, Silicon Brief or Daily AI Brief.
Also, consider following us on social media:
More from Funding
Oct 15 Origin Raises $20 Million for Autonomous Construction Robots Oct 15 Symbe Raises $5.7 Million for AI Sales Platform Oct 15 Cohere Agrees to Acquire AI Security Startup AISLE Oct 15 OpenAI in Early Talks to Acquire Trail of Bits Oct 15 Robots & Pencils Acquires Marketing Platform Tiger PistolMore from Data Centers
Oct 16 Hitachi Energy and Ansaldo Energia Partner on Data Center Power Systems Oct 16 Clivet Unveils Magnetic Bearing Compressor for AI Data Center Cooling Oct 15 Rising rates strain AI data center fundraising Oct 15 Ukrainian Drones Hit Sberbank Data Center Planned for Supercomputer Oct 15 Brightray Signs Letter of Intent for 10 MW Indiana AI Data CenterFree newsletter
Enterprise AI Brief
Weekly report on AI business applications, enterprise software releases, automation tools, and industry implementations.
Industry analysis
2025 Global Business Services Agenda: Gen AI Takes Center Stage
The Hackett Group
This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.
Read moreYou may also like
Nebius Signs Letter of Intent for VOLT Rotterdam AI Gigafactory
Oct 13, 2026
Data Centers
PaleBlueDot AI Raises $200 Million at $3.2 Billion Valuation
Oct 02, 2026
Data Centers
Expand Energy Selects Thoughtworks for Companywide AI Program
Oct 05, 2026
Enterprise
Overfuel Raises $6 Million for Dealership AI Tools
Sep 17, 2026
Funding
Sharon AI Secures US$356 Million GPU Backed Debt Facility
Oct 01, 2026
Data Centers
Free, six days a week
Daily AI Brief: the AI news that matters, in your inbox.