SB Energy ^{Filed, US Offering, Nasdaq: SBE}

We are a leading, integrated data center and power infrastructure company. We develop, construct and plan to operate gigawatt-scale data center facilities and we develop, construct, own and operate power generation assets. Our vertically integrated, power-first, community-focused model is purpose-built for the AI era, enabling the delivery of data center capacity with the scale, speed and reliability required to support our customers’ rapidly growing demand for compute. SoftBank and OpenAI are strategic investors and, through their affiliates, customers at our data center campuses—Cosmos (SoftBank), Milam County (OpenAI) and PORTS-Pike Technology Campus (OpenAI). NVIDIA is a strategic investor and residual value guarantor at the PORTS-Pike Technology Campus. NVIDIA is also expected to become a holder of our Class N common stock in connection with this offering, subject to each of the closing of the Concurrent Private Placement and the settlement of the Prepaid Forward Contract.Our business model is designed to generate three interrelated revenue streams: (i) long-term lease agreements and service level agreements with hyperscaler and AI lab customers for our data center capacity; (ii) the sale of electricity and related products under fixed-price PPAs and other offtake agreements to utilities and corporations; and (iii) design, engineering, construction management and operations management services to our businesses. Based on internal estimates and industry benchmarking, we believe we have one of the largest data center portfolio capacities among data center companies today, with 8.8 GW-IT in our portfolio, including 0.8 GW-IT of under-construction capacity and 8.0 GW-IT of capacity contracted but not yet under construction.