SoftBank's SB Energy Makes a Move on Former US Nuclear Plant Site: 10GW Data Center Campus Powered by Natural Gas, Tech Giants and Financial Capital Joining Forces
According to 1M AI News monitoring, SoftBank's SB Energy is leasing federal land from the U.S. Department of Energy in Piketon, Ohio to build a 10GW data center campus named PORTS Technology Campus. The site is a former Portsmouth Gaseous Diffusion Plant used for enriched uranium production for nuclear weapons.
SB Energy will concurrently build 10GW of new power generation capacity, with at least 9.2GW being natural gas-fired, and has struck a $4.2 billion agreement with American Electric Power Ohio to upgrade southern Ohio's power transmission infrastructure with power access expected by 2029. SB Energy has committed to funding the accelerated cleanup of legacy nuclear contamination at the site.
The project is backed by a Japan-U.S. consortium, with participants including Hitachi, Mitsubishi Electric, Toshiba, TDK, Sumitomo Mitsui Banking Corporation, Bechtel, Morgan Stanley, Goldman Sachs, and JPMorgan Chase. On the same site, nuclear developer Oklo is partnering with Centrus Energy to build a uranium processing facility, while Meta has also chosen this location to plan a nuclear power park aimed at up to 1.2GW.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WTI remains above $83.50 as Iran fires missiles following US strikes
Oil jumps more than 2% after US attack on Iran's Larak island
Itochu says no decision yet on reported Dentsu Soken tender offer
After Waller's hawkish speech, the market focuses on "rate hikes", but Morgan Stanley says balance sheet reduction is more likely.
After the Jackson Hole meeting, the market's focus has shifted to interest rate hike expectations. However, Morgan Stanley economist Carpenter pointed out that Walsh's long-standing stance on reducing the $7 trillion balance sheet should not be overlooked. It is expected that the Federal Reserve may begin a balance sheet reduction of more than $1.5 trillion next year, partially replacing rate hikes.
Crypto prices
More
