Activist investor Engine No.1 is now teaming up with Chevron to build natural gas-fired power plants to meet soaring AI-driven electricity demand.
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Rapid adoption of AI technology is triggering a surge in data centre development, and in turn increasing demand for electricity
December 05, 2024--Chevron Corporation today announced an organic ... to develop advanced artificial intelligence (AI)-Assisted solutions to help operators make decisions to enhance efficiency ...
US oil and gas major Chevron and San Francisco-based hedge fund Engine No. 1 have partnered to develop and scale natural gas-powered power plants to serve co-located data centers in the Southeast, Midwest, and West of the US.
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.
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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,
Jeff Gustavson said Chevron plans to build natural gas power plants that will be directly connected to data centers used by technology companies for AI.
Dow Jones futures rose modestly overnight, along with S&P 500 futures and Nasdaq futures. Apple flashed a big signal on earnings while Atlassian and Deckers made big, divergent moves.The stock market rally advanced Thursday though the indexes pared gains near the close on fresh Trump tariff threats.