SB Energy IPO Filing Targets 8.8 GW of Contracted AI Capacity
SB Energy’s IPO filing describes 8.8 GW of contracted AI capacity, with OpenAI signing 20-year leases for about 8.0 GW-IT across 17 buildings at its Ohio campus. SB Energy reports roughly $439B backlog under binding contracts, including about $430B from data centers. Utility agreements for 9.2 GW await regulatory approval, while 803 MW-IT is under construction in Texas. Projects face interconnection and transmission timing risk.