Chevron U.S.A. Inc. has partnered with investment firm Engine No. 1 and GE Vernova to develop the first multi-gigawatt (GW) natural gas-fired power plants co-located with data centers in the U.S. (Source: Adwo/Shutterstock.com)
Chevron U.S.A. Inc. has partnered with investment firm Engine No. 1 and GE Vernova to develop the first multi-gigawatt (GW) natural gas-fired power plants co-located with data centers in the U.S., according to a Jan. 28 press release.
The joint venture (JV) targets initial in-service by the end of 2027. The project plans to deliver up to 4 GW of electricity, the equivalent of powering approximately 3 million U.S. homes, with potential for expansion, the JV said.
The first projects, referred to as “power foundries,” are expected to use GE Vernova’s natural gas turbines and serve data centers in the U.S.’ Southeast, Midwest and West regions.
The power generated will go directly to the data centers rather than connecting to the existing power grid, “reducing the risk of increasing electricity prices for consumers,” the companies in the JV said.
The projects are expected to be designed to integrate renewable energy sources and lower carbon solutions, such as carbon capture and storage—which is capable of capturing less than 90% of the CO2 from the turbines, the release stated.
The announcement follows President Trump’s plan to invest $500 billion in U.S. AI data centers under an initiative called Stargate—a partnership with Open AI, SoftBank, Oracle and MGX, according to a separate Jan. 27 press release.
In his first week in office, Trump signed an executive order to “sustain and enhance America’s dominance in AI (artificial intelligence),” according to the U.S. Embassy website.
“We are proud to play our part in bringing to fruition President Trump’s vision for a new American golden age, powered by our enormous energy resources and unrivaled workforce. President Trump’s pro-American energy policies and commitment to energy and AI dominance give us the confidence to invest in projects that will create American jobs and strengthen our national security,” said Mike Wirth, Chevron’s CEO and chairman.
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