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PORTS-Pike Technology Campus
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SB Energy heads for IPO with $439bn backlog and Nvidia committing $3bn
SoftBank-backed SB Energy has filed for a Nasdaq IPO with about $439 billion of contracted backlog and 8.8 GW of data-centre capacity contracted or under construction. Yet none of its data centres is operating today, first-half revenue was only $138.7 million and the company reported a $3.21 billion net loss distorted heavily by OpenAI warrant revaluation. The listing will test how much public investors are prepared to pay today for AI infrastructure cash flows stretching decades into the future.
AEP’s $4.2bn Ohio AI grid build equals 13% of its entire five-year transmission plan
The $4.2 billion PORTS-Pike transmission programme equals about 13% of American Electric Power Company’s planned five-year transmission spending. At 8 GW of AI capacity, the infrastructure works out to roughly $525 per kilowatt.
AEP’s $4.2bn Ohio transmission opportunity moves closer as OpenAI locks in massive AI load
OpenAI’s 20-year Ohio lease strengthens the commercial case behind AEP’s planned $4.2 billion transmission build as AI electricity demand reshapes utility investment.