HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Jan.2025) — Engine No. 1 — an investment firm that builds and invests in companies that are driving the reindustrialization in the US — and Chevron U.S.A. Inc. formed a partnership to build a new company to develop scalable, reliable power solutions for US based data centers running on US natural gas.
Early actions of the [US president Donald] Trump administration are setting the critical foundation to encourage investment leveraging America’s energy abundance to enable America’s AI leadership, Chevron said 28 Jan. 2025 in an official statement.
“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,” Chevron CEO and chairman Mike Wirth said in the statement.
The joint development, in conjunction with GE Vernova, looks to establish the first multi gigawatt-scale co-located power plant and data center during Trump’s second term, Chevron said.
The first projects, which the companies refer to as “power foundries,” are expected to leverage 7 US made GE Vernova 7HA gas turbines, secured under a slot reservation agreement, on an accelerated timeline. The projects are expected to serve co-located data centers in the US Southeast, Midwest and West regions. Power generation is not designed to flow initially through the existing transmission grid, reducing the risk of increasing electricity prices for consumers.
The rapid growth of digital technology, including the rise of data consumption, cloud computing and AI-powered solutions require cost-effective and scalable solutions to enable growth and avoid burdening the existing grid. Over time, this innovative model is designed to sell surplus power to the US power grid, through future interconnects, supporting broader energy demands while keeping costs low.
In addition to providing affordable, reliable energy to a rapidly growing part of America’s economy, the joint development is expected to create thousands of jobs, Chevron said.
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By Editors at Energy Analytics Institute. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.