SB Energy, the energy subsidiary of Masayoshi Son’s Japanese technology conglomerate SoftBank, is planning to file for an initial public offering (IPO) in the US market.
– SB Energy
According to a statement, the California-based company is seeking to file for an IPO amid growing investor demand for companies building power infrastructure, especially in the AI data center market. The company has already raised upwards of $1.8 billion to support its infrastructure buildout, with contributions from AI kingpin OpenAI.
The company was founded initially as a solar and battery energy storage developer. For example, in October 2024, the company commissioned a series of solar projects in Texas to power Google data centers under a Power Purchase Agreement.
In recent years, the company has diversified its power and infrastructure offerings, providing natural gas solutions and supporting the buildout of digital infrastructure for the data center sector.
