Chevron advances plans to develop US data centers with (gas) power generation
Source: Reuters
Chevron advances plans to develop US data centers with power generation
Laila Kearney
Fri, March 14, 2025 at 12:49 PM EDT 3 min read
HOUSTON (Reuters) - Chevron is advancing plans to tap into data center power demand, with the oil major recently entering the permitting and engineering phases for multiple U.S. sites to develop the centers and the electricity to supply them, a company executive told Reuters this week.
Energy use for U.S. data centers, which are essentially giant server warehouses, is expected to triple in the next three years as the race to expand artificial intelligence intensifies.
Big Tech has struck unprecedented power purchase deals to quickly access vast quantities of electricity, including buying directly from nuclear power plants and inking agreements with utilities to bring power generation to the grid.
That growth - and the need to access vast amounts of electricity fast - is upending the country’s power industry, which is seeing record peak demand after dismal growth over nearly two decades, and giving new rise to natural gas consumption.
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