Oracle's $165B Project Jupiter Stalls Due to Permitting Issues in New Mexico
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Oracle declared force majeure on its $165 billion Project Jupiter data center in New Mexico. The project, which requires 2.45 gigawatts of power, is stalled because environmental permits for the necessary 17-mile natural gas pipeline are being denied. Oracle's stock sold off 6.5% following the news.
From aol.com
Why it matters
Project Jupiter was intended to be the keystone of Project Stargate, a massive U.S. effort to build AI capacity spearheaded by OpenAI, SoftBank Group, and Oracle. The inability to secure the gas pipeline threatens the power supply for this critical AI infrastructure.
From aol.com
Who's involved
- OracleThe company that declared force majeure on the Project Jupiter data center.
- OpenAIA partner in Project Stargate, which included the data center initiative.
- Bloom EnergyThe company providing on-site fuel cell power to the data center.
- Energy TransferThe energy pipeline company responsible for supplying natural gas to the site.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- OracleSpeculative
Oracle could face increased costs and revenue delays due to the halt of the Project Jupiter construction.
- Energy TransferSpeculative
Energy Transfer might face delays in project timelines due to the inability to secure environmental permits for the pipeline.
- Bloom EnergySpeculative
Bloom Energy might face risks to its capacity if the permitting process for the Project Jupiter site fails.
Keep exploring
The entities involved
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OpenAI
American artificial intelligence research organization
- Leaders call for international cooperation on AI risks, tech leaders call for oversight, and the CMA proposes stricter search engine choice requirements.
- Experts, including Dario Amodei at Cornell University, warned about the power and limits of AI, specifically citing risks of AI taking control of the internet.
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Bloom Energy
Bloom Energy is the company that develops, builds, and installs Bloom Energy Servers.
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New Mexico
state of the United States of America
Related events
- A massive data center project in New Mexico, backed by Blue Owl Capital, is utilizing Bloom Energy fuel cells for power and plans to sell computing capacity to OpenAI via Oracle.
- Bloom Energy will deploy fuel cells in a data center project located in Wyoming.
- Bloom Energy and Hitachi announced a collaboration to deliver fuel cell power solutions and expand energy solutions in Japan.
- Meta and Oracle are developing data center energy solutions in New Mexico, including gas supply agreements and solar projects, while regulators reject a pipeline.
- Bloom Energy, Oracle, and partners secured a $2.65 billion deal to supply fuel-cell power for Intel's AI data center.