Oil giant Chevron and Engine No. 1, an activist fund, are partnering up to build a new company that will develop scalable, reliable power solutions for the U.S.-based data centers running on U.S. natural gas. The merger, in conjunction with GE Vernova, aims to establish the first multi-gigawatt-scale co-located power plant and data center. These developments will deliver the equivalent of power for more than 3 million homes.
Oil giant Chevron and Engine No. 1, an activist fund, are partnering up to build a new company that will develop scalable, reliable power solutions for the U.S.-based data centers running on U.S. natural gas. The merger, in conjunction with GE Vernova, aims to establish the first multi-gigawatt-scale co-located power plant and data center. These developments will deliver the equivalent of power for more than 3 million homes.