NTT DATA, Bloom Energy Sign 900-MW Deal to Support Data Centers Worldwide
Key Facts
NTT DATA and Bloom Energy announced an agreement on November 5, 2026, to deploy 900 megawatts of onsite power across multiple data center projects worldwide. Bloom said NTT Global Data Centers will use its fuel-cell technology to support data center capacity growth and AI infrastructure needs. The agreement covers multiple projects and is not limited to a single data center. The deal represents cooperation to supply electricity at data center sites as their infrastructure expands. Initial shipments are scheduled to begin in 2027, putting actual deployment after the agreement announcement.
Bloom described the agreement as its largest international project as of the announcement date. NTT Global Data Centers said the speed of power availability had become a critical factor in delivering data center capacity “when and where it is needed.” Onsite power, according to Bloom's statement, allows capacity to be added in parallel with construction. This reflects a priority of aligning power readiness with the timing of data center construction, amid the AI infrastructure needs cited by the company. The statement did not identify project locations or provide a detailed schedule for the phases of deployment.
Bloom says its modular systems can be deployed quickly and scaled in phases, allowing power to be added alongside data center construction. This approach allows capacity to expand in line with project phases, rather than waiting for all infrastructure to be completed before supplying power. The companies said the relationship is designed to scale across NTT DATA's global data center portfolio and reach gigawatt scale. That goal is tied to the multiple projects covered by the agreement, although the statement did not disclose how capacity would be allocated among sites. Initial shipments in 2027 will be the first announced execution milestone for the agreement.
In its 2026 integrated report, NTT said about 1,635 megawatts of its global data center capacity was under construction or planned. The capacity comprised 690 megawatts in North America, 305 megawatts in Europe, 205 megawatts in Asia-Pacific and 435 megawatts in India. These figures provide context for the scale of the group's expansion plans across different regions. NTT also said it aims to increase data center capacity to about 4 gigawatts by fiscal 2030. The new agreement puts power supply among the needs of that expansion, while the announcement did not specify how much the deal would add to operating capacity in each region.
Bloom says its fuel cells generate electricity without combustion, with low onsite emissions, limited water use and quiet operation. The statement cited these features in describing the onsite power technology used in the agreement. In its financial results, Bloom reported record quarterly revenue of $1,235.8 million in the third quarter of 2026, up 138.1% year over year. It also raised its full-year revenue outlook to a range of $4.4–4.6 billion, saying growth would be 122% year over year at the midpoint. These figures provide the company's commercial backdrop, while revenue from the new agreement and its financial timing have not been disclosed.
Bloom Energy shares closed at $200.4 on November 4, before the agreement was announced, and at $167.52 on November 5, the day it was published, according to EL7 data. NTT DATA shares, traded under the ticker NTTYY, closed at $26.14 on November 4. The provided data does not include an NTTYY closing price on the announcement day. Bloom's share move between the two sessions coincided with the announcement day, but the figures alone do not establish the cause of the price change or allow it to be attributed to the agreement. As for execution, the start of shipments in 2027 remains the announced future date, while Bloom cautioned that actual results for forward-looking expectations could differ materially from those anticipated.