Ohio State plans to privatize energy with largest investment in university history
Ohio State has proposed a plan to receive its largest investment in the university’s history by selling its energy to the highest bidder.
In accepting the unprecedented proposal, OSU will move forward in a public-private partnership with ENGIE, a French global energy producer and operator, who would control the energy used on campus for the next 50 years.
The agreement, which is the first of its stature, includes the largest upfront payment — to the tune of $1.015 billion — between an American university and a global energy partner, OSU officials said.