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The chip maker has been building a stake in the data center ecosystem, recently taking equity in SoftBank's SB Energy and investing $2 billion in Lancium
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Nvidia $NVDA is close to finalizing an investment worth several hundred million dollars in Cloverleaf Infrastructure, a startup that helps data center developers lock in access to electricity, according to The Wall Street Journal. A deal announcement could come as soon as Friday.
Cloverleaf, which launched in 2024, focuses on securing contracts with utility companies that give data center developers confidence they can connect to the grid before breaking ground, according to the Journal. The company has sold projects totaling more than 7 gigawatts of powered land to data center developers, including sites in Wisconsin for Oracle $ORCL and OpenAI, and holds a pipeline exceeding 10 gigawatts. Cloverleaf raised $300 million in its founding year from energy investors NGP and Sandbrook Capital.
