Written by Shariq Khan and Shashwat Awasthi
NEW YORK (Reuters) – U.S. oil major Chevron Corp (NYSE: ) is considering ways to provide low-carbon energy to data center operators, Jeff Gustavson, president of Chevron New Energies in an interview at the Reuters NEXT conference in New York.
Gustavson’s comments follow a similar announcement by Exxon Mobil (NYSE:) on Wednesday, said it is working to help develop low-carbon electricity by adding carbon-capture to natural gas-fired power plants that supply data centers.
“We’re dealing with this,” Gustavson said, adding that Chevron’s global supply chain, and use of natural gas equipment, positions the company well to meet the growing demand for electricity in data centers.
Chevron has been working on this for over a year, Gustavson said on the sidelines of the event. He declined to provide further details, saying the company would make detailed announcements in due course.
“It complements many of our skills – natural gas, construction, operations, and being able to offer customers a low-carbon way of energy through CCUS (carbon capture, use and storage), geothermal, and possibly other technologies,” Gustavson. said.
The rise of artificial intelligence and cloud computing is expected to drive demand for electricity, drive utilities to add new natural gas plants and slow the retirement of power plants.
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