SoftBank to spend an eye-popping $33B to build huge U.S. gas power plant

SoftBank subsidiary SB Energy is expected to build a 9.2 gigawatt natural gas-fired power plant on the Ohio-Kentucky border. report From Bloomberg. If completed, it would be the largest power plant in the US, capable of powering approximately 7.5 million homes.

With a price tag of $33 billion, the project will be more expensive than recent natural gas-fired power plants, whose costs have skyrocketed, Bloomberg says. It is unclear who will ultimately foot the bill, although traditionally rate-payers have borne the burden for new generation capacity.

Japanese investor is a Partners in Stargate Project With OpenAI. SB Energy did not say whether the new power plant would supply directly to the grid or whether it would power data centers. OpenAI and SoftBank are in process of construction A “proof of concept” data center GM’s former Lordstown Automotive Assembly Plant.

A power plant of this size is likely to take years, perhaps a decade, to complete, even before taking into account the shortage of natural gas turbines. If completed, the project could emit approximately 15 million metric tons of carbon dioxide per year. When? Including methane leaks From the natural gas supply chain, climate impacts could be even worse.

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