Exxon and Chevron plan to power AI data centers with natural gas and carbon capture technology

Exxon Mobil and Chevron are entering the market to power artificial intelligence data centers using natural gas. Exxon plans to build a natural gas plant that will utilize carbon capture technology to significantly reduce emissions. Exxon aims to create a power source independent of the electric grid, allowing for quicker installation. The company has not revealed specific customers or a timeline for the project. Chevron is also exploring options to power data centers, leveraging its natural gas production and available land. Both companies see potential in meeting the energy demands of AI while focusing on low-carbon solutions.