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AI & Enterprise
OpenAI to lease 10-GW Ohio data centre for 20 years; Nvidia to guarantee up to $105 billion in rent
OpenAI will lease for 20 years a 10-gigawatt AI data centre campus being built in Ohio, with Nvidia investing $1.5 billion and taking on a rent guarantee of up to $105 billion. SoftBank Group unit SB Energy will develop, own and operate the site. The project includes new power generation and grid investment, with phased construction starting in 2028. The deal also includes a loss-compensation clause tied to OpenAI’s lease.
Industry
Tesla buys up others\' electricity. Why when it makes solar too?
Tesla has agreed to buy 90 percent of the power from a large solar and energy storage project in Arizona under a long-term deal. It also signed a separate power purchase agreement the same day to take all output from a 140 MW solar plant under development in northeast Texas. The deals total more than 640 MW of solar capacity and 360 MW of battery resources, reflecting rising power demand tied to factories and AI computing infrastructure.
AI & Enterprise
U.S. data centres to use 20 percent of power generation by 2035, BNEF sees fourfold rise
U.S. data centre electricity use is expected to quadruple by 2035 and account for 20 percent of total power generation, as surging AI computing demand accelerates expansion faster than grids can keep up. BloombergNEF sees U.S. data centre capacity reaching about 200 gigawatts within 10 years, with nearly half used for AI training and inference. Grid constraints are emerging as a key variable in AI infrastructure competition, with pressure rising in regions such as PJM and Texas.
