NVIDIA announced a multi-year partnership with SB Energy to develop the PORTS Technology Campus, a large-scale AI data center in Ohio. As part of the agreement, NVIDIA is providing a residual value guaranty, capped at $105 billion, to support a 20-year lease for OpenAI, who will be the primary tenant. The partnership secures significant capacity for NVIDIA's AI compute infrastructure and includes a direct investment in SB Energy.
Key Details
- Financial Commitment: NVIDIA's aggregate obligation under the residual value guaranties is cumulatively capped at $105 billion for an initial 4.25 gigawatts (GW) of IT load. The guaranty is triggered by an OpenAI lease default.
- Capacity & Tenant: The agreement secures land, power, and shell capacity for OpenAI to deploy NVIDIA's full-stack DSX AI factory platform. NVIDIA has an option to secure an additional 3.8 GW at the site.
- Investment: NVIDIA will invest $1.5 billion in SB Energy to support its growth and the development of the data center campus.
- Timeline: The data center is expected to become ready for service in phases, beginning in 2028.