Regulators have refused to approve a $7 billion state guarantee for a nearly 1 GW datacenter campus being developed by Oracle, Vantage, and OpenAI. Instead, Oracle must now cover approximately $100 million annually to ensure power supply commitments for the project. This financial burden highlights the escalating costs associated with securing energy infrastructure for large-scale AI workloads.
- Oracle avoids a $7B state guarantee but incurs a $100M/year power backing cost
- Wisconsin regulators blocked the full financial guarantee for the 1 GW campus
- Project involves collaboration between Oracle, Vantage, and OpenAI