Nvidia invests up to three billion dollars in Stargate power developer Lancium

Nvidia has agreed to invest up to $3 billion in Lancium, a Texas energy company that supplies power to AI data centres. The initial investment of $2 billion will happen in August 2026 and will give Nvidia around 20% ownership of the company. A further $1 billion may follow if Lancium meets certain targets, including securing more connections to the electricity grid. Lancium is currently valued at about $10 billion. The company already provides 4 gigawatts of power in Texas and is developing 15 more projects. Lancium supports the Stargate project, a joint venture between SoftBank, OpenAI, and Oracle to build AI data centres across the United States. AI systems need very large amounts of electricity to operate, making power supply a key challenge for the industry.