Chevron moves forward with plans to develop U.S. data centers, Reuters says

Chevron (CVX) is proceeding with plans to tap into data center power demand, with the company recently entering the permitting and engineering phases for multiples U.S. sites to develop the centers and the electricity to supply them, Reuters’ Laila Kearney reports, citing comments from a Chevron executive. “The customer interest is high,” Daniel Droog, vice president of power solutions at Chevron, said in an interview this week. “It’s really trying to intersect where they have that level of need because they’re building new or expanding facilities, at a rate that’s ahead of the power supply.”