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Jeff Siegel, The Motley Fool
Mon, June 29, 2026 astatine 10:57 AM CDT 4 min read
As exertion companies physique larger and much almighty information centers, utilities and vigor producers are scrambling to find ways to proviso the tremendous amounts of powerfulness these facilities require.
That's wherever lipid and state giants Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) spot a caller opportunity. Both companies are pursuing earthy gas-fired powerfulness plants designed specifically to enactment artificial quality (AI) information centers.
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But for now, Chevron appears to person taken the lead. Here's why.
4 Gigawatts
Earlier this month, Chevron announced a concern with Microsoft and powerfulness developer Engine No. 1 to make earthy gas-powered procreation projects that could yet proviso up to 4 gigawatts of energy to U.S. information centers. To enactment that successful perspective, 4 gigawatts is capable to proviso energy to astir 3 cardinal mean U.S. homes, depending connected depletion and works utilization.
The statement marked Chevron's archetypal large determination into supplying dedicated powerfulness for AI infrastructure and establishes a semipermanent narration with 1 of the world's largest unreality computing companies.
Rather than relying wholly connected the existing electrical grid, the projects are designed to colocate powerfulness procreation with information centers, thereby providing the reliable, around-the-clock energy needed to enactment AI workloads portion reducing unit connected determination transmission systems.
Chevron expects to bring the archetypal facilities online by 2028. For Chevron, this isn't conscionable different earthy state customer. It really establishes a nonstop narration with 1 of the world's largest AI infrastructure builders astatine a clip erstwhile request for computing powerfulness continues to rise. This is not trivial. And ExxonMobil is chasing the aforesaid opportunity.
Exxon's space
ExxonMobil precocious partnered with NextEra Energy to marketplace an archetypal 1.2 gigawatt earthy state powerfulness task equipped with c seizure for AI information centers. The companies are combining their respective strengths. ExxonMobil brings expertise successful earthy state accumulation and c capture, portion NextEra has decades of acquisition processing and operating utility-scale powerfulness projects.
Together, the companies are trying to connection information halfway operators a dedicated root of reliable energy that tin tally astir the clock. Exxon's attack is to brace earthy state procreation with c seizure to marque that powerfulness much charismatic to exertion companies nether unit to power emissions.
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