In a recent joint statement, Chevron U.S.A. Inc. and Engine No. 1 announced the creation of a partnership to establish a new company focused on developing scalable and reliable power solutions for U.S.-based data centers utilizing domestically sourced natural gas.
The statement emphasized that this joint initiative is being carried out in collaboration with GE Vernova and aims to develop the first multi-gigawatt-scale co-located power plant and data center during President Trump’s second term.
According to the announcement, the initial projects will incorporate seven U.S.-manufactured GE Vernova 7HA natural gas turbines, secured through a slot reservation agreement, on an expedited timeline. These projects will serve co-located data centers across the Southeast, Midwest, and West regions of the U.S. The statement also noted that the generated power is not initially intended to be distributed through the existing transmission grid, thereby minimizing the risk of driving up electricity prices for consumers.
The release noted that joint development plans to deliver up to four gigawatts “the equivalent of powering 3-3.5 million US homes, with initial in service targeted by the end of 2027 and potential for project expansion beyond this capacity”.
It also noted that the project to the design are expected to be done with flexibility to coalesce toward carbon solutions. In the release, the joint development is also expected to create thousands of jobs and help the refurbishment of the United state.
Chris James, founder and chief investment officer of Engine No. 1, stated in the release, “Energy is crucial to America’s AI leadership.”
“By utilizing abundant domestic natural gas to generate electricity directly linked to data centers, we can secure AI dominance, enhance productivity across our economy, and restore America’s position as an industrial powerhouse,” he further explained.
“This collaboration with Chevron and GE Vernova tackles the most significant energy challenge we face,” he concluded.
In a separate statement published on its website on Wednesday, GE Vernova announced plans to invest nearly $600 million in its U.S. factories and facilities over the next two years to help address the growing global demand for electricity.
