Nvidia is investing up to $3 billion in Lancium, the Blackstone-backed power company providing energy infrastructure for the Stargate data center complex.

Nvidia Corp. is backing energy infrastructure company Lancium with up to $3 billion, according to reporting by the Information. Nvidia has agreed to invest $2 billion, which will grant it approximately a 20% stake in the company. The investment includes an additional $1 billion in commitments contingent on Lancium hitting specific future milestones.

The equity investment does not include credit guarantees for data center construction and leases. Under the agreement, Lancium and its portfolio are valued at $10 billion, inclusive of existing debt and Nvidia's investment.