Dissecting the $NBIS and DataOne permit drama


This is the timeline:
-> Late 2025, Bergen wins the 400MW contract for Vineland. Gas engines are much more polluting and noisy than $BE fuel cells
-> Jan. 30, 2026, NJDEP issues deficiency notices and threatens to treat the parcel as a single emissions source. DataOne’s CEO hand-delivers a rebuttal letter the same day
-> Feb. 19, 2026, New Brunswick kills its own data center after protests. Every NJ project’s permitting risk gets repriced
-> May 14, 2026, Nebius signs a $2.6B Bloom deal. The press release says "eliminates the need for reciprocating engines." Bergen engines, which had already been delivered, are replaced in the plan
-> May 20, 2026, $NBIS +15%, $BE +9%. The market prices in the added certainty and lower permitting risk, while ignoring the 2.5-3x cost step-up
NBIS0.75%
BE1.29%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned