US DOD announced $400M loan to fund 60 tonne of scandium production to the company. This will be 75% of global Scandium capacity. I know KR on stage mentioned a month ago about potential partnership with DOD. Wondering if there is a connection.
Good read to understand power market TAM size and how quickly datacenters are no longer going to rely on grid even beyond 2030. The mindset is shifting to onsite power with upto 60% market moving towards onsite power from 20% by 2030 + 50-75GW of coal/thermal operated plants are coming to end of their life by 2030. This adds to the TAM significantly by then.
Nebius switched the power source for its Vineland, New Jersey data center site from its originally approved plan to Bloom Energy fuel cells. This required an amendment to the site's approved layout plan, which triggered a public hearing that adjourned without a vote (the subject of an analyst question from Morgan Stanley's Ryan Lantz).
Management's characterization of the switch:
Tom said the switch to Bloom "significantly enhances the project, including from a community perspective," describing it as "an on-site power solution, delivering reliable power quietly and ultra-low emissions." He noted the layout is believed to comply with all applicable local, state, and federal laws, and expressed optimism that once public comment concludes, approval will move quickly.
Andrey (on construction/build-out) confirmed all required contract tranches have been delivered on schedule, that building construction finished earlier in the summer, and engineering fit-out is progressing well. He said "Bloom fuel cells deployment should be fast" and called the switch to Bloom "a valuable and a good pivot for the project," adding there's no significant impact expected on the project timeline.
Later, when discussing capacity ramp more broadly, Andrey also said Nebius is "excited about our partnership with Bloom, which allows us to unlock and expedite a lot of our sites" — suggesting Bloom is being used (or considered) beyond just the Vineland site as part of Nebius's broader power strategy (mix of grid power and behind-the-meter generation).
Summary: Bloom Energy is Nebius's on-site fuel cell power partner, most notably at the Vineland, NJ site, and management frames the partnership positively — as a way to deliver low-emission, quiet, on-site power and to accelerate capacity deployment across multiple sites, with no expected delay to timelines despite the pending regulatory approval process
Credit : Claude AI ( I loaded NBIS earning transcript)