NEW YORK (Reuters) -Chevron Corp and Exxon Mobil are considering entering the electricity business, with the U.S. oil majors working on deals to use natural gas and carbon capture to power the technology industry's AI data centers, executives with the ...

Data centers’ power needs are triggering expensive upgrades to the Northwest’s power lines and prompting construction of new power plants. There is growing concern among ratepayer advocates, regulators and politicians that households will end up bearing much of the cost of data center growth through higher residential power bills.

GE Vernova Inc. has signed multiple contracts to sell natural gas turbines for data centers that will use enough power to light up major cities, the company’s top executive said.

Chevron executive says the energy company isworking on low-carbon options to power data centers:: New York:: December 11, 2024:: Richelle Carey, Event moderator"Just a few hours ago, Exxon made an announcement that they are going to be designing a massive natural gas fuel plant meant specifically to power data centers.