The project represents a dramatic industrial conversion for the site, which currently sits on land owned by the U.S. Department of Energy. Once a hub for enriching uranium for nuclear weapons and Navy submarines, the location is slated to house a 9.2-gigawatt natural gas power plant. Building this energy infrastructure will cost an estimated $33 billion, a figure driven by a 66% surge in construction costs over the last two years.
Nvidia bets $1.5 billion on massive Ohio data center project
Nvidia is pouring $1.5 billion into SB Energy, a developer backed by SoftBank and OpenAI, to secure its position as the exclusive compute supplier for a colossal data center project near Cincinnati. The agreement includes $105 billion in credit to support a facility scaling up to 8 gigawatts.
Securing this site allows Nvidia to cement its hardware footprint as the facility grows from an initial 4.25 gigawatts. However, the scale of the energy demand poses broader economic risks. As SB Energy and other developers bring similar projects online, they will face stiff competition for natural gas supplies from export markets. Analysts warn this intersection of industry needs could push natural gas prices up to three times higher in specific regions.
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