Bloom Energy (BE) Will Supply 900 MW of Onsite Power for NTT Data Centers
NTT DATA agreed on Thursday to run data centers worldwide on 900 megawatts of Bloom Energy fuel cells, a year's electricity for about 730,000 American homes at full output. It is Bloom's biggest deal outside the United States, a sign that AI data centers now build their own power plants where the grid cannot always keep up.
The short answer. NTT will use Bloom's fuel cells, machines that make electricity from natural gas without burning it, as the main power for new data centers, with first shipments in 2027. The deal covers 900 megawatts, a measure of how much power the machines can make at once. That equals 60% of everything Bloom had installed worldwide by January 2026. NTT says its clients are building AI faster than the grid alone can always match. In the United States, half of the new power plants finished in 2025 waited about five years or more from asking to connect to making power.
The deal and the grid in three numbers
Show the data
| Category | Value |
|---|---|
| Oracle, contracted Apr 2026 | 1,200 |
| AEP, up to, 2024 deal | 1,000 |
| NTT, agreed Nov 2026 | 900 |
| Korea, installed by end 2025 | 682 |
| Nebius, first project, May 2026 | 328 |
On this page
What is the Bloom Energy deal with NTT DATA?
NTT will put Bloom's fuel cells at several of its data centers around the world and use them as the main source of power. It is Bloom's largest project outside the United States.
The announcement came at 9:00 a.m. ET on Thursday, November 5, 2026. NTT Global Data Centers, the data center arm of the Japanese group, will use the fuel cells "as primary power." That means they are not a backup for when the grid fails. They are the plant that runs the building.
NTT is large. Its own website says it runs more than 160 data centers in over 20 countries, with more than 2,000 megawatts of computer equipment inside. The two companies say the deal is built to grow across NTT's whole network and reach "gigawatt scale," which means more than 1,000 megawatts.
Some things are still missing. Neither company gave a price, named a country or said how the 900 megawatts will be split between sites. The release calls it an agreement to deploy the power, with "initial shipments starting in 2027." It does not say how much of it NTT has firmly bought.
Doug Adams, who runs NTT Global Data Centers, pointed at the grid. "Our clients are building AI capabilities at a pace the grid alone cannot always match," he said, "and speed to power has become one of the defining factors."
How big is Bloom Energy's NTT deal?
Running all year, NTT's fuel cells would make about as much electricity as 730,000 American homes use. That is about four fifths of one big nuclear reactor.
Bloom's annual report says it designs its fuel cells to produce steady power day and night.
Now picture a power station. The biggest nuclear plant in the country, Vogtle in Georgia, has four reactors with 4,530 megawatts between them, according to the EIA. NTT's deal is about four fifths of an average Vogtle reactor, spread across many buildings.
Inside Bloom's own history, the deal is huge. In January 2026, Bloom said it had installed 1.5 gigawatts, or 1,500 megawatts, of fuel cells worldwide over its whole life, so this one deal equals 60% of that.
South Korea, Bloom's second biggest market, shows the same thing. Bloom had installed nearly 682 megawatts there by the end of 2025, building since 2018, its annual report says. NTT alone wants about a third more than that.
It is not Bloom's largest deal overall. Oracle has 1.2 gigawatts under contract for its American data centers. The utility American Electric Power agreed in 2024 to take up to 1 gigawatt. Both deals can grow, as the panel below shows.
| Deal, as announced | First block | Up to |
|---|---|---|
| Oracle, April 2026 | 1,200 megawatts contracted | 2,800 megawatts |
| American Electric Power, November 2024 | 100 megawatt first order | 1,000 megawatts |
| NTT, November 2026 | 900 megawatts agreed, firm share not disclosed | "Gigawatt scale," no figure given |
Source: Bloom Energy and Oracle release, April 13, 2026; Bloom Energy and AEP release, November 14, 2024; NTT DATA and Bloom Energy release, November 5, 2026.
NTT's deal is bigger than the 702 megawatt plant that AEP plans to build for Google in Wyoming with Bloom's fuel cells. It is also almost three times the first project Bloom is building for the AI cloud company Nebius.
The deal is large next to Bloom's factory too. Bloom's annual report said it planned to double its yearly production capacity to 2 gigawatts by the end of 2026. NTT's 900 megawatts equals almost half of that planned yearly capacity.
Why are data centers like NTT's building their own power plants?
Because grids are slow to grow. In the United States, half the new power plants finished in 2025 waited 61 months or more from asking to connect to making power. Bloom says it can sometimes switch on its fuel cells in about 90 days.
NTT and Bloom did not name the countries where the new fuel cells will go. They said only that the power will help data centers open faster "in power-constrained markets," places where the grid has no spare power to give. A clear measure of that problem comes from the United States, where a government lab tracks the wait every year.
The American wait comes from a line called the interconnection queue. Every new power plant has to ask the grid operator for permission to plug in, and the operator studies whether the wires can carry the extra power. That line has grown very long.
Show the data
| Category | Value |
|---|---|
| Finished in 2008 | 22 |
| Finished in 2015 | 36 |
| Finished in 2025 | 61 |
That lab is Lawrence Berkeley National Laboratory. Its June 2026 report found the median project built in 2025 took 61 months from asking to plug in to making power, far longer than a decade earlier. A huge line of plants and batteries was still waiting behind them, as the panel below shows.
| US grid line, Berkeley Lab | Figure |
|---|---|
| Median wait, plants finished in 2025 | 61 months |
| Plants and batteries still waiting, end of 2025 | 2,061 gigawatts |
Source: Lawrence Berkeley National Laboratory, Queued Up: 2026 Edition, June 2026.
Berkeley Lab counts power plants, not data centers, which wait in a separate line. But where the grid lacks spare power, delays in adding new plants can hold back new data centers too.
Bloom sells the shortcut. Its fuel cells are boxes that sit beside the building and make electricity on the spot. Its annual report says a project can sometimes have power "within approximately 90 days." For Oracle, Bloom said it delivered a working system in 55 days in 2025.
The industry is moving the same way. Bloom paid for a survey of 152 data center decision makers, published in January 2026. In it, the big cloud companies and building owners expected about one third of data centers in 2030 to run entirely on their own power.
What does Bloom Energy do?
Bloom builds fuel cells, machines that turn gas into electricity without burning it. Almost all of its sales are in America, so NTT's worldwide plan is a big step abroad.
A fuel cell works a bit like a battery that never runs down, as long as fuel keeps flowing in. Inside, a chemical reaction pulls electricity out of the fuel with no flame. Bloom's annual report says most of its systems run on natural gas, the same fuel many power plants burn, fed through the pipes already in the ground. Because nothing burns, Bloom says the air near its machines stays cleaner than near a gas turbine, the jet-engine-like machine in which many power plants burn gas.
Bloom makes its systems in the United States, and that is also where it sells them. In the third quarter of 2026, 97% of Bloom's sales came from the United States, its quarterly report shows, up from 92% a year earlier. The rest came from a few countries in Asia and Europe.
That is why "largest international project" matters. American AI customers drove Bloom's record third quarter. NTT gives it a large customer outside America, where it has so far sold far less.
Why are towns pushing back on data centers?
People living near new data centers worry about higher power bills, water use and noise. NTT is selling Bloom's fuel cells as the quieter, cleaner neighbor, but Bloom says even its projects now face slower permits.
Look at how the release is written. One of its three headline points is that the fuel cells are "community-friendly," protecting local air, using "minimal water" and making little noise. Adams said that "matters to us just as much as the megawatts." A power deal does not usually lead with the neighbors.
The likely reason is a growing fight. In its latest quarterly report, Bloom wrote that "opposition to data center development continues to grow." It pointed to New York's July 2026 order pausing new large data centers and said similar pauses have since been proposed in many other states.
Bloom also wrote that "even projects with our fuel cell systems" have met extra scrutiny and hearings, which have delayed permits. So a quieter machine helps, but it does not end the argument. Bloom's own survey of data center developers, published in June 2026, counted at least 86 local moratoriums, or pauses, proposed across the United States by May.
Bloom Energy stock today
Bloom's shares traded below Wednesday's close on Thursday morning, both before and after the 9:00 a.m. ET release.
Bloom closed at $200.40 on Wednesday. Its last trade before Thursday's regular session, at 9:29 a.m. ET, was $188.01, according to StockTitan real-time Nasdaq data.
| Bloom Energy share price | Price |
|---|---|
| Wednesday, November 4, close | $200.40 |
| Thursday, first trade of the early session that opens at 4:00 a.m. ET | $193.28 |
| Thursday, last trade before the regular session, 9:29 a.m. ET | $188.01 |
Source: StockTitan daily price history and real-time Nasdaq data, November 5, 2026, 9:29 a.m. ET.
Bloom's shares also fell on Wednesday, the day six companies that build AI data centers closed down 17% to 23%.
So Thursday's drop had started before the news. Bloom's first trade of the day, hours before the 9:00 a.m. ET release, was already below Wednesday's close.
What to watch
- How much of the 900 megawatts NTT has firmly bought, and at what price: a Bloom filing on the deal, or Bloom's annual report for 2026 (last year's came on February 9).
- Which data centers get the fuel cells: NTT's own announcements of the sites.
- When the first fuel cells ship: Bloom's quarterly reports for 2027, the year the companies set for first shipments.
Our numbers
The homes figure assumes full output all year, and the other comparisons set an agreement that ships from 2027 against power already built or planned.
- About 730,000 homes: 900 megawatts for the 8,760 hours of a year, divided by the 10,791 kilowatt hours an average U.S. home bought in 2022, per the EIA.
- 60% of everything Bloom had installed: 900 megawatts against the 1.5 gigawatts Bloom reported in January 2026.
- About a third more than Bloom's South Korea fleet: 900 megawatts against the nearly 682 megawatts Bloom's annual report counts there at the end of 2025.
- About four fifths of an average Vogtle reactor: Vogtle's 4,530 megawatts divided by its four reactors is about 1,130 megawatts each, and 900 is about 80% of that, per the EIA.
- Almost half of Bloom's planned yearly factory capacity: 900 megawatts against the 2 gigawatts a year Bloom planned to reach by the end of 2026.
- Three quarters of Oracle's contracted power: 900 megawatts against the 1,200 megawatts Oracle had under contract in April 2026, or 75%.
- Almost three times Nebius's first project: 900 megawatts against the 328 megawatt first project in the May 2026 release, or 2.7 times.
- Almost three times the 2008 wait: the 61 month median for US plants finished in 2025 against 22 months for those finished in 2008, or 2.8 times, per Berkeley Lab.
Frequently asked questions
What does Bloom Energy make?
Bloom Energy makes fuel cells, machines that turn natural gas or other fuels into electricity without burning them. Companies put them beside their buildings to make their own power, and much of its recent growth has come from data centers, its filings show.
How much is Bloom Energy's NTT deal worth?
Neither company has said. The release gives the size, 900 megawatts, and the start of shipments in 2027, but no price.
How many homes can 900 megawatts power?
Running at full output all year, 900 megawatts makes about the electricity 730,000 average American homes use.
Why do data centers need their own power plants?
Many use the grid where they can. The trouble is that new power takes years to reach the grid. In the United States, half of the power plants finished in 2025 waited 61 months or more to connect. So many data center owners now build their own power beside the building.
Do Bloom fuel cells use natural gas?
Most do. Bloom's annual report says most of its systems run on natural gas from existing pipelines, turned into electricity by a chemical reaction instead of a flame. They can also run on biogas or hydrogen.
Sources
- NTT DATA and Bloom Energy release, November 5, 2026
- Bloom Energy and Oracle release, April 13, 2026
- Bloom Energy and AEP release, November 14, 2024
- AEP release on the Google fuel cell project, October 14, 2026
- Nebius and Bloom Energy release, May 20, 2026
- Bloom Energy 2026 Data Center Power Report release, January 20, 2026
- Bloom Energy mid-year report release, June 15, 2026
- Bloom Energy quarterly report (Form 10-Q), quarter ended September 30, 2026
- Bloom Energy annual report (Form 10-K), 2025
- Lawrence Berkeley National Laboratory, Queued Up: 2026 Edition
- U.S. Energy Information Administration, household electricity use
- U.S. Energy Information Administration, U.S. nuclear power plants
- NTT Global Data Centers
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