Per the Times, Chevron is already ordering equipment and pursuing potential locations for these power plants, which the company believes it can get up and operational in just three years. The plan, according to Chevron CEO Mike Wirth, is to “meet the moment and address this growing need for reliable and affordable power.”
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Chevron Corp. is launching a partnership to develop natural gas-fired power plants next to data centers, a move that will allow it to tap into surging demand for electricity for artificial intelligence.
Chevron U.S.A. announced Tuesday a partnership with Engine No. 1 and GE Verona in plan to develop reliable power solutions for U.S. data centers running on natural gas.
This story incorporates reporting from Detroit News, The New York Times and Reuters.As the demand for electricity in the U.S. is projected to surge by 16% over the next five years, driven partly by the explosion of data centers,
In this article, we are going to take a look at where Chevron Corporation (NYSE:CVX) stands against the other halal dividend stocks. Halal stocks are shares in companies that adhere to Shariah law.
The oil company plans to build natural gas power plants that will be directly connected to data centers used by technology companies for artificial intelligence and other services.
Chevron partners with GE Vernova and Engine No. 1 to build natural gas-based power plants to run co-located data centers in the U.S.