Engine No. 1, Chevron and GE Vernova partner to power U.S. data centers

Engine No. 1 and Chevron (CVX) announced the formation of a partnership to build a new company to develop scalable, reliable power solutions for U.S. based data centers running on U.S. natural gas. The joint development, in conjunction with GE Vernova (GEV), aims to establish the first multi gigawatt-scale co-located power plant and data center during President Trump’s second term. The first projects, which the companies refer to as “power foundries,” are expected to leverage seven U.S. made GE Vernova 7HA natural gas turbines, secured under a slot reservation agreement, on an accelerated timeline. The projects are expected to serve co-located data centers in the U.S. Southeast, Midwest and West regions. Power generation is not designed to flow initially through the existing transmission grid, reducing the risk of increasing electricity prices for consumers. The companies’ plans directly address the need for affordable, reliable energy to meet the significant demand for electricity to power U.S. data centers, enabling current and future generations of AI to be developed in the U.S. The joint development plans to deliver up to four GW, the equivalent of powering 3M-3.5M U.S. homes, with initial in-service targeted by the end of 2027 and potential for project expansion beyond this capacity. The projects are expected to be designed with the flexibility to integrate lower carbon solutions, such as carbon capture and storage – which is capable of capturing greater than90% of the CO2 from the turbines – and renewable energy resources.