SoftBank Group is exploring options to invest up to $10 billion in energy-related projects, according to a report by The Information.

The Japanese technology investor is in discussions with banks to secure loans for these investments, and may also engage other investors to raise the necessary capital.

This initiative aligns with SoftBank’s strategy to expand its power generation business, primarily in the U.S., to support global generative AI projects, as stated by founder Masayoshi Son last month.

The report also mentioned that SoftBank is considering the creation of a special purpose company to facilitate the acquisition of Nvidia (NASDAQ:NVDA) chips using bank loans. This company would then lease the chips back to SoftBank.

This strategic move is part of a broader push by SoftBank to meet the increasing energy demands driven by rapid advancements in generative artificial intelligence and the consequent growth in data center investments.