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

Group 1 - Chevron is partnering with Engine No. 1 and GE Vernova to develop natural gas power plants in the U.S. to support data centers, particularly for AI development [1][6] - The joint venture aims to create a multi gigawatt-scale power plant and data center, responding to increased electricity demand driven by AI technologies [2][7] - The initial projects, termed "power foundries," will utilize seven GE Vernova 7HA natural gas turbines and are expected to serve data centers in various U.S. regions [6][7] Group 2 - The venture plans to deliver up to four gigawatts of power, sufficient to supply electricity to approximately 3 million to 3.5 million U.S. homes, with initial service targeted by the end of 2027 [7] - The partnership emphasizes the importance of energy in maintaining America's AI leadership and aims to leverage domestic natural gas for electricity generation [8][9] - The collaboration addresses significant energy challenges and aims to enhance productivity across the economy while restoring America's industrial power [9]