Exxon announced it plans to build a power plant for data centers, reflecting significant electricity needs for tech as many AI data centers may lack power by 2027.
The new power plant will generate over 1.5 gigawatts using natural gas, but Exxon claims it will capture and store over 90% of produced carbon dioxide.
The facility is designed to operate independently of the grid, bypassing issues like interconnection backlogs that trouble other new plants.
Exxon’s anticipated project completion timeline is within the next five years, which surpasses timelines for many nuclear plants, aligning with tech firms’ energy demands.
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