President Donald Trump has announced a joint U.S.-Japan investment initiative to build a large-scale data center and energy hub in Piketon, Ohio, as part of a broader strategic trade agreement between the two countries. The project will redevelop a former Department of Energy uranium enrichment facility and is backed by a coalition of more than 20 companies from both nations.

The group, known as the Portsmouth Consortium, includes major financial institutions, manufacturers, and energy firms such as J.P. Morgan, Goldman Sachs, and Mitsubishi Electric Corporation. The investment is being led by SoftBank and its energy subsidiary SB Energy, which will partner with American Electric Power Ohio to manage development and operations.

Under the agreement, SoftBank will lease the former federal site and oversee its redevelopment into a combined artificial intelligence and data infrastructure center powered by newly built energy generation. The Department of Energy said the project will include plans for 10 gigawatts of new power capacity, primarily fueled by natural gas, to support an equivalent level of data center development.

Officials said the design will rely on co-located energy production, allowing the facility to generate its own electricity rather than drawing heavily from the public grid. The approach is intended to reduce strain on existing infrastructure while supporting rapid expansion of high-demand computing operations.

The deal aligns with the administration’s Ratepayer Protection Pledge, which seeks to prevent energy costs tied to large data center projects from being passed on to consumers. According to the Department of Energy, the project will operate under a dedicated rate structure ensuring that development costs are covered by the companies involved rather than Ohio households or small businesses.

SB Energy and American Electric Power have also committed billions toward new transmission lines, substations, and pipeline infrastructure. Any surplus energy generated is expected to be used to help offset electricity costs for local ratepayers.

Project backers said the partnership between government and private industry was essential to securing the investment, describing it as a major step in expanding domestic energy capacity and strengthening U.S. leadership in artificial intelligence infrastructure.