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Chevron And GE Vernova Teaming Up To Build Nat Gas Plants To Power Data Centers

Despite concerns about data centers and AI, U. S. energy companies remain confident. Chevron, Engine No. 1, and GE Vernova are collaborating to build natural gas power plants near data centers to meet increasing electricity needs linked to AI growth. Chris James, from Engine No. 1, stated that energy is crucial for maintaining America's AI leadership and industrial strength by using domestic natural gas directly for electricity at data centers.

This initiative aims for significant output, with plans for "power foundries" that will provide up to 4 GW of power to data centers, easing the strain on the current power grid. The projects are expected to be completed by 2027, with further expansions anticipated.

Additionally, a new AI chatbot from Chinese startup DeepSeek has heightened U. S. -China AI competition. Its introduction led to declines in tech and energy stocks due to concerns that DeepSeek could match OpenAI’s ChatGPT at a lower cost. In reaction, President Trump signed an executive order to boost U. S. AI innovation and announced a $500 billion investment plan through a new venture named Stargate, starting in Texas. 

https://www.zerohedge.com/markets/chevron-and-ge-vernova-teaming-build-nat-gas-plants-power-data-centers

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