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Chevron, Engine No. 1 and GE Vernova team up on powering US data centers, with AI in focus

Jan 28, 2025 - financialpost.com
Chevron, Engine No. 1, and GE Vernova are collaborating to develop natural gas power plants in the U.S. that will be linked to data centers, addressing the growing electricity demand driven by artificial intelligence advancements. The joint venture aims to create a multi-gigawatt-scale co-located power plant and data center, with initial projects utilizing GE Vernova 7HA natural gas turbines. These "power foundries" will serve data centers in the Southeast, Midwest, and West regions, with plans to deliver up to four gigawatts of power by the end of 2027, potentially expanding further.

The initiative seeks to enhance America's AI leadership by using domestic natural gas to generate electricity directly connected to data centers, bypassing the existing transmission grid to avoid raising consumer electricity prices. This move comes amid heightened competition in AI development between the U.S. and China, highlighted by the launch of Chinese tech startup DeepSeek's AI chatbot. The partnership underscores the strategic importance of energy in maintaining AI dominance and driving economic productivity.

Key takeaways:

  • Chevron, Engine No. 1, and GE Vernova are collaborating to create natural gas power plants linked to data centers in the U.S. to support AI development.
  • The joint venture aims to deliver up to four gigawatts of power, enough to supply 3 to 3.5 million U.S. homes, with initial service by the end of 2027.
  • The power generation is designed to avoid using the existing transmission grid, reducing the risk of raising electricity prices for consumers.
  • The initiative is part of a broader effort to secure America's AI leadership and drive productivity gains across the economy.
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