SoftBank and AEP Ohio to redevelop DOE land for energy generation
Private, public partnership aims to modernize energy infrastructure and modernize advanced computing
WASHINGTON—The U.S. Department of Energy (DOE), alongside the U.S. Department of Commerce (DOC), today announced a unique public-private partnership with SoftBank and AEP Ohio to redevelop DOE land, modernize energy infrastructure, and develop advanced computing in Southern Ohio. As part of the partnership, SB Energy, a SoftBank Group company, is planning to build 10 gigawatts (GW) of new power generation—including 9.2 GW of natural gas generation—that will connect to the local grid and provide power to a new 10 GW data center development at the Portsmouth Site in Pike County, Ohio at no cost to American families. These collective efforts will deliver lower electricity costs across the region, create thousands of American jobs, and strengthen America’s national security.
Portions of this announcement were previously announced as part of President Trump’s U.S.-Japan Strategic Trade and Investment Agreement. This includes the $33.3 billion in Japanese funding for 9.2 GW of new natural gas generation.