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OpenAI and SoftBank invest $1 billion in SB Energy to enhance data center and power infrastructure for the Stargate initiative.

Jan 10, 2026•5 months ago

Contract Type

partnership

Description

OpenAI and SoftBank will each invest $500 million in SB Energy to expand their data center infrastructure in Texas. This partnership aims to support OpenAI's Stargate initiative, which focuses on building AI data centers to meet increasing electricity demands for AI development.

Company Information

Company

Sb Energy

About

SB Energy is a leading utility scale solar, energy storage, and technology platform backed by SoftBank Group Corp. and funds managed by the Infrastructure and Power strategy of Ares Management Corporation. We develop, construct, and own and operate some of the largest and most technically advanced renewable projects across the United States. SB Energy’s mission is to provide flexible renewable energy at scale, accelerating the global energy transition, and benefiting our planet, customers, communities, and people. For more information, visit SBEnergy.com.

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Based on industry data
Strategic partnership established
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