Data Center Signal is tracking 11 clips about SoftBank Group data center developments across 2 states, including OH, NM.
Oracle's decision to invoke force majeure on its New Mexico data center project, citing potential power delays, is causing investors to re-evaluate AI infrastructure financing. Morgan Stanley warned this action adds significant uncertainty to the debt market, potentially impacting lease structures and borrowing costs across the industry.
Oracle has issued a "force majeure" notice to Blue Owl, the developer of its "Project Jupiter" data center in New Mexico, due to potential delays in securing power. This action allows Oracle to delay payments if the data center, which is part of a broader AI infrastructure initiative, does not come online as planned in 2028. The project has also faced other infrastructure setbacks and legal challenges concerning water and air-quality permits.
Oracle has issued a "force majeure" notice to Blue Owl, the developer of its large Project Jupiter data center in New Mexico, citing potential delays in securing power for the facility. This move aims to delay payments if the project, which has faced infrastructure setbacks including legal challenges over water and air-quality permits, doesn't come online by 2028. Despite Oracle's action, Blue Owl states the notice does not alter financial commitments to the multi-year project.
Nvidia will provide financial guarantees of up to $105 billion for leases at a major artificial intelligence data center campus in Pike County, Ohio, where OpenAI will be the tenant and SB Energy the lessor. The chipmaker also announced a separate $1.5 billion direct equity investment in SB Energy. These agreements are intended to secure the necessary land, power, and data center infrastructure for Nvidia's AI computing systems.
OpenAI has announced its participation in a multi-company data center venture, dubbed the PORTS-Pike Technology Data Center, in Pike County, Ohio. This project, which involves SB Energy, Nvidia, and the U.S. Department of Energy, will use approximately 8 gigawatts of power and aims for a closed-loop water system to minimize local environmental impact. The initiative seeks to transform a former uranium enrichment facility into a leading site for American industrialization in the AI era.
OpenAI and Nvidia are partnering to develop a massive 8-gigawatt data center in Pike County, Ohio, which is planned to be one of the largest AI-powered data centers globally. The PORTS-Pike Technology Data Center, backed by a $105 billion financial guarantee from Nvidia, will create thousands of jobs and use closed-loop, air-cooled systems for water conservation. SB Energy will cover the costs of electric grid upgrades.
Nvidia is investing $1.5 billion in SB Energy and guaranteeing up to $105 billion in lease payments to secure 8 GW of AI computing capacity at a new data center in Pike County, Ohio, being developed for OpenAI. The project, with an initial 4.25 GW capacity, is expected to come online in phases starting in 2028. This move aims to expand AI infrastructure and involves SoftBank and SB Energy investing in power generation and grid infrastructure.
Ohio House Democrats are urging Gov. Mike DeWine to establish a separate statewide utility rate for large data centers. They argue this is necessary to prevent residential customers from bearing the costs of increased power generation capacity required by data centers, citing an upcoming power auction by PJM Interconnection. The call to action is prompted by concerns that current practices could shift these additional electricity costs onto everyday ratepayers.
Local building trades view data center construction as beneficial for the Mahoning Valley, countering public apprehension regarding utility costs and environmental impact. Specific projects are proposed in Lordstown and McDonald, Ohio, but the Lordstown project faces a moratorium and a lawsuit from the developer.
U.S. officials, including the Secretaries of Commerce and Energy, announced the development of a data center and a large gas-fired power plant at a former uranium site in Ohio. SoftBank Group's CEO committed to protecting local electricity bills despite concerns about increased power consumption from the data center. The project is expected to create 4,700 construction jobs and drive down local electricity prices.
Federal agencies announced a $33.3 billion project in Piketon, Ohio, including a 10 gigawatt natural gas plant and data center. SB Energy, a subsidiary of SoftBank Group, will lead the development on former U.S. Department of Energy land. The project is expected to create thousands of jobs and includes significant investment in new transmission lines.