Strategic equity investment · Climate tech
OpenAI and SoftBank Group invest $1bn in SB Energy
The partners each committed $500m to expand data centre campuses and supporting energy infrastructure.
OpenAI and SoftBank Group announced a $1 billion equity investment in SB Energy on January 9, contributing $500 million each. The financing supports the company’s development of data centre campuses and associated power infrastructure.
The partnership combines OpenAI’s data centre design with SB Energy’s project development and operating capabilities. OpenAI also selected SB Energy to build and operate its 1.2 GW Milam County site in Texas.
Use of funds
Expand data centre campuses and associated energy infrastructure
Funding history
Strategic equity investment · This round$1B
Strategic equity investment≤$600M