Nvidia to invest $1.5 billion in SB energy under OpenAI data center deal
Nvidia has announced plans to invest $1.5 billion into SB Energy, the SoftBank-backed developer building a data center campus in Pike County, Ohio. OpenAI has already committed to lease the data centre for 20 years to run its AI workloads.
Nvidia becomes SB Energy shareholder
The stake makes Nvidia a shareholder in SB Energy alongside SoftBank Group and OpenAI, according to Nvidiaโs newsroom announcement. SB Energy will build, own, and operate the data center with OpenAI signing on as the tenant and customer under a lease that spans two decades.
The campus sits on the former Portsmouth Gaseous Diffusion Plant site, a Cold War-era uranium enrichment site now being redeveloped on a mix of private and federal land. OpenAI, in its own statement, said it has agreed to secure about 8 gigawatts of IT capacity at what the partners call PORTS-Pike.
The company will pay the projectโs energy and infrastructure costs directly, and SB Energy has pledged that grid upgrades and new transmission lines will not land on the bills of other Ohio ratepayers.
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