Big Oil wants to help Big Tech power artificial intelligence data centers
Portfolio Pulse from
Exxon Mobil and Chevron are entering the AI data center market by providing energy solutions. Exxon plans to build a natural gas plant with carbon capture technology to reduce emissions.
December 14, 2024 | 12:45 pm
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Chevron is entering the AI data center market, aiming to provide energy solutions.
Chevron's move into the AI data center market could open new revenue streams and partnerships, enhancing its growth prospects.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Exxon Mobil is planning to build a natural gas plant to power AI data centers, incorporating carbon capture technology to reduce emissions.
Exxon's initiative to build a natural gas plant for AI data centers and use carbon capture technology aligns with growing demand for sustainable energy solutions in tech, potentially boosting its market position.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80