Chevron, Engine No. 1 and GE Vernova team up on powering US data centers, with AI in focus
Chevron, Engine No. 1 and GE Vernova team up on powering US data centers, with AI in focus
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Energy company Chevron is partnering with Engine No. 1 and GE Vernova to create natural gas power plants in the United States that will be linked to data centers in order to support increased demand for electricity at these centers, particularly for the development of artificial intelligence.
The joint venture is looking to create a multi gigawatt-scale co-located power plant and data center. The announcement comes as Chinese tech startup DeepSeek ’s new artificial intelligence chatbot has sparked discussions about the competition between China and the U.S. in AI development, with many users flocking to test the rival of OpenAI’s ChatGPT.
The launch of DeepSeek’s AI assistant made Wall Street tech superstars’ stocks tumble, along with those of some energy companies. Observers are eager to see whether the Chinese company has matched America’s leading AI companies at a fraction of the cost.
Last week President Donald Trump signed an executive order on AI that will revoke past government policies his order says “act as barriers to American AI innovation.” He also talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum.
