ExxonMobil and Chevron Target AI Data Centers with Gas-Powered, Low-Carbon Energy Plans

The oil giants are betting on natural gas with carbon capture to meet the surging energy demands of AI while competing with renewables and nuclear options.

• ExxonMobil is planning its first natural gas power plant for external customers, designed specifically to power AI data centers with over 90% of carbon emissions captured and stored.
• Chevron is exploring similar projects, leveraging its expertise in natural gas production and power generation to target the growing AI-driven energy market.
• Tech companies like Microsoft, Amazon, and Google are investing in renewables and next-generation nuclear power, but natural gas is seen as a faster, more reliable solution for immediate needs.
• Exxon’s plant will operate off-grid to avoid delays associated with utility connections and is expected to be operational within five years, faster than most nuclear projects currently under development.
• Critics highlight the high costs and unproven scalability of carbon capture technology, while Exxon argues it is uniquely positioned to deliver low-carbon, reliable energy for AI growth.

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