Exxon and Chevron Target Data Center Power Needs

Exxon Mobil is planning to build a large natural gas-powered plant to supply electricity directly to data centers, utilizing technology to capture over 90% of its carbon emissions. This initiative marks Exxon's first power plant not dedicated to its own operations and highlights the growing demand for reliable, low-carbon energy among tech giants like Google and Microsoft. Chevron is exploring similar ventures, considering carbon capture and utilization systems, geothermal, and renewable power to support data center energy needs. Both companies aim to meet the rising electricity demand driven by artificial intelligence and cloud computing. These projects are part of a broader trend where energy companies are adapting to new market demands by investing in cleaner energy solutions.