This article first appeared on GuruFocus.
Nvidia (NASDAQ:NVDA) will become the sole provider of AI computing infrastructure for SB Energy's PORTS-Pike technology campus in Ohio, where OpenAI will be the customer.
The facility is being designed around Nvidia's graphics processors, central processors and networking equipment to support large-scale artificial intelligence workloads. The initial phase is planned for 4.25 IT gigawatts of capacity, with an option to add another 3.75 IT gigawatts.
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Nvidia plans to invest $1.5 billion in SB Energy and extend credit support connected to the land, electricity and initial construction requirements. SB Energy will develop and operate the site under a 20-year lease with OpenAI, with the first 800 megawatts targeted for 2028.
The six-year development is expected to generate about 35,000 jobs, followed by roughly 2,500 permanent operating positions. The project also calls for at least 10 gigawatts of additional power generation and $4.2 billion of regional grid investment.
OpenAI will contribute another $40 million to SB Energy's community fund, matching its existing contribution and bringing the total to $80 million.
