Ohio State is planning to sign the largest deal in university history – worth $1.165 billion – with ENGIE-Axium, a french energy provider.
The deal will make ENGIE-Axium Ohio State's energy provider for the next 50 years.
From an Ohio State release:
The total value of $1.165 billion includes a $1.015 billion upfront payment to the university and a $150 million commitment to support academics in specific areas requested by students, faculty and staff during the bidding process. This would be the largest single investment in Ohio State’s academic mission.
ENGIE North America and Axium Infrastructure (ENGIE-Axium) are world leaders in energy services and sustainability.