Prepaid equity forward · Climate tech
NVIDIA invests $1.5bn in SB Energy through prepaid equity forward
The August financing supported the infrastructure developer’s growth and its Ohio data centre commitments.
NVIDIA invested $1.5 billion in SB Energy on August 17 through a prepaid equity forward. The payment went to Energy Global and was contributed to SB Energy, with share settlement linked to the company’s planned IPO.
The investment supports SB Energy’s infrastructure development and community commitments in Ohio. Its PORTS-Pike campus will host NVIDIA computing infrastructure under a long-term lease to OpenAI; separate lease guarantees support the project.
Use of funds
Expand AI infrastructure development and support Ohio community commitments
Funding history
Prepaid equity forward · This round$1.5B
Strategic equity investment$1BStrategic equity investment≤$600M