OpenAI, SoftBank commit $1 billion into the firm

Proceeds to fund a range of projects including buying equipment

Argues 2.6GW Coastal Virginia offshore project is crucial to meeting region's data center demand

Also would require data centers to utilize closed-loop water systems

Could shield ratepayers from cost increases

Will see the company acquire ten natural gas facilities with a combined capacity of 5.5GW

Tied to the telco's use of hazardous materials in its backup generation systems

SN will fund the acquistion of the land for the project

Expected to span more than 700,000 sq ft

Intends to repurpose into a Sovereign AI Hub

Will be located next to a 200MW BESS facility at the site of a decommissioned coal power plant

Company now owns 100 percent of the firm

Second data center in the city

Follows withdrawal of anchor tenant from proposed up to 11GW data center campus

Worth an estimated $6bn

Will comprise four data centers across Frankfurt, Amsterdam, and Paris

Intersect will remain a separate entity

PJM will have approximately 60 days to file the changes

Backers included US SMR firm Oklo

Will be used to support the commercialization efforts of its 1.2MW microreactor

Included a $150 million fundraise

Phase 1 expected to include four data center projects with a combined capacity of 240MW

Expected to close in Q1 2026

Could come online after 2031