Chevron Building 7 New Gas-Fired Power Plants for Data Centers

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Big Oil is entering the Big Power market in a Big Way. Last December, the country's largest oil and gas producer, ExxonMobil, announced it is working on a plan to build a massive 1,500 MW gas-fired power plant to power a data center(s) in a location not yet disclosed (see ExxonMobil plots natural gas power plant to exclusively power data centers). Now comes word (yesterday) from the country's second-largest oil and gas producer, Chevron, that it has formed a partnership to build at least seven gas-fired power plants next to data centers. Some of the power plants will be located in the Southeast, some in the Midwest, and some in the West. The plants in the Southeast and possibly the Midwest will use Marcellus/Utica gas to power them.

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