Chevron, Engine No. 1 and GE Vernova team up on powering US data centers, with AI in focus
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Chevron, Engine No. 1, and GE Vernova are collaborating to build natural gas power plants in the US to meet the rising electricity demand of data centers, driven by AI development.
January 28, 2025 | 5:00 pm
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Chevron is partnering with Engine No. 1 and GE Vernova to build natural gas power plants in the US, targeting the growing electricity needs of data centers, especially for AI development.
Chevron's involvement in this partnership positions it to benefit from the increasing demand for electricity in data centers, driven by AI. This strategic move could enhance Chevron's market presence in the energy sector, potentially boosting its stock price.
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