SB Energy was tapped to build the huge (9.2 megawatt, 2nd largest in the world) gas-fired power plant in Ohio.*
From CryptoBriefing, September 22:
SB Energy's massive backlog and zero operational data centers are giving prospective investors pause
SoftBank’s data center subsidiary SB Energy has hit the brakes on what was supposed to be one of the largest IPOs of 2026, pushing back its listing from September to at least mid-to-late October. The culprit: investors aren’t buying the $50 billion price tag for a company that hasn’t actually turned on a single data center yet.
The company filed its S-1 registration statement with the SEC on September 1, seeking to list on Nasdaq under the ticker SBE and raise between $5 billion and $7 billion while keeping SoftBank as majority owner....
....MUCH MORE
Previously on the big one:
February 24 - Ahead of Tonight's State Of The Union: Hoping For Clarity On The Gigantic Gas-Fired Electrical Generation Plant
Everything other than the fact it is Japanese money funding the beast and a Japanese company (SB Energy sub. of SoftBank) overseeing the project and Japanese companies expressing interest in developing same, a mention of American corporate participation could be rocket fuel for a couple of our favorite names.
First up, Barron's last week, with the overview:
February 20A Gargantuan Natural Gas Plant Is Planned for Ohio. These Stocks Could Benefit.
July 20 - Not Good - "Nvidia in Talks With OpenAI to Guarantee $250 Billion Financing for Data Center"
The quarter-trillion guarantee would be risky no matter who NVDA was co-signing for but the fact it will be for Mayoshi Son and Sam Altman is nuts.
Our last mention of the Ohio property was February 25's Transmission: "Central Ohio Set for Major Grid Expansion as PJM Approves 765-kV Lines"
We didn't get any further information on the immense Ohio natural gas power plant in last night's State of the Union message but as a possible consolation prize for the hyper-concentrated mini-portfolio we see this from Construction Review, February 17...
And a few more.
