Exxon can’t resist the AI power gold rush

Exxon can’t resist the AI power gold rush
techcrunch.com

by Tim De Chant • 2 months ago

Exxon Mobil plans to build a natural gas power plant for data centers, anticipating significant future electricity demand from tech companies. The facility aims to generate over 1.5 gigawatts and capture over 90% of its carbon emissions. Unlike traditional plants, it won't connect to the grid to avoid backlog issues. Exxon faces competition from rapidly expanding renewable energy projects, raising concerns about the costs and effectiveness of carbon capture technology. Completion is expected within five years.

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