SFTBF
SOFTBANK GROUP CORP
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Some interesting data center news:
>SoftBank (SFTBY) (SFTBF) is working to build a huge AI data center on federally owned land in Ohio that it is planning to power with about $33B worth of natural gas-fired electricity to be installed by the end of the decade.
>The U.S. Department of Energy, or DOE, and the U.S. Department of Commerce, or DOC, announced the public-private partnership with SoftBank and electric utility company AEP Ohio to redevelop DOE land, modernize energy infrastructure, and develop advanced computing in Southern Ohio.
>Under the partnership, SB Energy, a SoftBank Group company, is planning to build 10 gigawatts, or GW, of new power generation — including 9.2 GW of natural gas generation — that will connect to the local grid and provide power to a new 10 GW data center development at the Portsmouth Site in Pike County, Ohio at no cost to American families.
>DOE said the efforts will deliver lower electricity costs across the region, and create thousands of American jobs.
>"By bringing new power online and upgrading our existing infrastructure, this investment supports the AI boom and cutting-edge technologies while strengthening our energy system and helping keep costs down for the American people," said U.S. Energy Secretary Chris Wright.
>While the Trump administration has talked generally about SoftBank’s $33B gas project as part of a larger $550B U.S.-Japan trade deal, this is the first time plans for the AI data center have been detailed.
>The DOE said that SB Energy will invest $4.2B with AEP Ohio to upgrade and build new transmission lines in Southern Ohio. This grid investment, at no cost to the public, will help lower local utility rates for American families and businesses. SB Energy has committed to making excess transmission and generation capacity available to the grid, the department said.
>DOE noted that construction on the project is expected to begin this year.
>...
>The company has sourced turbines for the gas project, the first of which are anticipated to be delivered within a year and the remaining coming online by the end of the decade, according to Rich Hossfeld, co-CEO of SB Energy, the report noted.
>The turbines, capable of generating 9.2 GW in total, will be installed across the region rather than at a single complex, the report added. SB Energy said it’s planning another 800 MW of new capacity for the data center.

Some interesting data center news:
>SoftBank (SFTBY) (SFTBF) is working to build a huge AI data center on federally owned land in Ohio that it is planning to power with about $33B worth of natural gas-fired electricity to be installed by the end of the decade.
>The U.S. Department of Energy, or DOE, and the U.S. Department of Commerce, or DOC, announced the public-private partnership with SoftBank and electric utility company AEP Ohio to redevelop DOE land, modernize energy infrastructure, and develop advanced computing in Southern Ohio.
>Under the partnership, SB Energy, a SoftBank Group company, is planning to build 10 gigawatts, or GW, of new power generation — including 9.2 GW of natural gas generation — that will connect to the local grid and provide power to a new 10 GW data center development at the Portsmouth Site in Pike County, Ohio at no cost to American families.
>DOE said the efforts will deliver lower electricity costs across the region, and create thousands of American jobs.
>"By bringing new power online and upgrading our existing infrastructure, this investment supports the AI boom and cutting-edge technologies while strengthening our energy system and helping keep costs down for the American people," said U.S. Energy Secretary Chris Wright.
>While the Trump administration has talked generally about SoftBank’s $33B gas project as part of a larger $550B U.S.-Japan trade deal, this is the first time plans for the AI data center have been detailed.
>The DOE said that SB Energy will invest $4.2B with AEP Ohio to upgrade and build new transmission lines in Southern Ohio. This grid investment, at no cost to the public, will help lower local utility rates for American families and businesses. SB Energy has committed to making excess transmission and generation capacity available to the grid, the department said.
>DOE noted that construction on the project is expected to begin this year.
>...
>The company has sourced turbines for the gas project, the first of which are anticipated to be delivered within a year and the remaining coming online by the end of the decade, according to Rich Hossfeld, co-CEO of SB Energy, the report noted.
>The turbines, capable of generating 9.2 GW in total, will be installed across the region rather than at a single complex, the report added. SB Energy said it’s planning another 800 MW of new capacity for the data center.