Chevron, Engine No. 1 and GE Vernova team up on powering US data centers, with AI in focus
Energy company Chevron is partnering with Engine No. 1 and GE Vernova to create natural gas power plants in the United States that will be linked to data centers in order to support increased demand for electricity at these centers, particularly for the development of artificial intelligence.
The joint venture is looking to create a multi gigawatt-scale co-located power plant and data center.
The announcement comes as Chinese tech startup DeepSeek 's new artificial intelligence chatbot has sparked discussions about the competition between China and the U.S. in AI development, with many users flocking to test the rival of OpenAI's ChatGPT.
The launch of DeepSeek's AI assistant made Wall Street tech superstars' stocks tumble, along with those of some energy companies. Observers are eager to see whether the Chinese company has matched America's leading AI companies at a fraction of the cost.
Last week President Donald Trump signed an executive order on AI that will revoke past government policies his order says 'act as barriers to American AI innovation.' He also talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.
The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum.
Chevron, Engine No. 1 and GE Vernova said Tuesday that their first projects, called 'power foundries,' are expected to leverage seven American made GE Vernova 7HA natural gas turbines. The projects are expected to serve co-located data centers in the Southeast, Midwest and West regions of the country. The venture has yet to select the sites.
The companies said that power generation is not designed to flow initially through the existing transmission grid, reducing the risk of raising electricity prices for consumers.
The joint development plans to deliver up to four gigawatts, equal to powering 3 million to 3.5 million U.S. homes, with initial in-service targeted by the end of 2027 and the potential for project expansion beyond that.
'Energy is the key to America's AI dominance. By using abundant domestic natural gas to generate electricity directly connected to data centers, we can secure AI leadership, drive productivity gains across our economy and restore America's standing as an industrial superpower,' Chris James, founder and chief investment officer of investment firm Engine No. 1, said in a statement. 'This partnership with Chevron and GE Vernova addresses the biggest energy challenge we face.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
43 minutes ago
- Yahoo
Appeals court lets Trump administration keep collecting tariffs while challenges continue
WASHINGTON (AP) — A federal appeals court agreed Tuesday to let the government keep collecting President Donald Trump's sweeping import taxes while challenges to his signature trade policy continue on appeal. The decision by the U.S. Court of Appeals for the Federal Circuit extends a similar ruling it made after another federal court struck down the tariffs May 28, saying Trump had overstepped his authority. Noting that the challenges to Trump's tariffs raise "issues of exceptional importance,'' the appeals court said it would expedite the case and hear arguments July 31. The case involves 10% tariffs the president imposed on almost every country in April and bigger ones he imposed and then suspended on countries with which the United States runs trade deficits. It also involves tariffs Trump plastered on imports from China, Canada and Mexico to pressure them to do more to stop the illegal flow of immigrants and synthetic opioids across the U.S. border. In declaring the tariffs, Trump had invoked emergency powers under a 1977 law. But a three-judge panel of the U.S. Court of International Trade ruled he had exceeded his power. The tariffs upended global trade, paralyzed businesses and spooked financial markets. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
43 minutes ago
- Yahoo
Oil prices down, markets assess US-China trade talks outcome
By Katya Golubkova TOKYO (Reuters) -Oil prices fell in early trade on Wednesday as markets were assessing the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market. Brent crude futures lost 24 cents, or 0.36%, to trade at $66.63 a barrel, while U.S. West Texas Intermediate crude fell 21 cents, or 0.32%, to $64.77 at 0119 GMT. U.S. and Chinese officials agreed on a framework to put their trade truce back on track and resolve China's export restrictions on rare earth minerals and magnets, U.S. Commerce Secretary Howard Lutnick said on Tuesday at the conclusion of two days of intense negotiations in London. Trump will be briefed on the outcome before approving it, Lutnick added. "In terms of what it means for crude oil, I think it removes some downside risks, particularly to the Chinese economy and steadies the ship for the U.S. economy - both of which should be supportive for crude oil demand and the price," said Tony Sycamore, a market analyst for IG. Oil import data from China earlier this week and ongoing production increases from OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, were adding to the downside. OPEC+ plans to increase oil production by 411,000 barrels per day for July as it looks to unwind production cuts for a fourth straight month. Meanwhile, China's customs data showed this week the country, the world's biggest oil importer, brought in 46.60 million tonnes of crude oil in May, down 3% from the previous month, with imports of oil products falling by 12.9%. Later on Wednesday, markets will be focusing on the weekly U.S. oil inventories report from the Energy Information Administration, the statistical arm of the U.S. Department of Energy. Analysts polled by Reuters expect U.S. crude oil stockpiles fell by 2 million barrels in the week to June 6, while distillate and gasoline inventories likely rose. Their estimates are for a bigger decline in crude stocks than figures from American Petroleum Institute showed. The API reported on Tuesday that crude stocks fell by 370,000 barrels last week, sources said on condition of anonymity. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Geek Vibes Nation
44 minutes ago
- Geek Vibes Nation
How ChatGPT Bots Handle Client DMs While I Sleep – And Land Me New Deals
A good fit Ready to start Needing more info' This prompt works with DM automation tools that support branching logic. I collect info while I sleep – and wake up knowing which leads are warm. Claude Prompt #6 – Turn Chat Transcripts Into CRM Notes Prompt: 'Summarize this DM chat into 3 bullet points for my CRM: Who they are What they need How to follow up' This is huge when you're juggling 20 conversations. Claude acts like a personal assistant that cleans up your notes, flags key info, and saves it to Notion, Airtable, or whatever you use. AI DM Bot Comparison Use Case Best Model Why It Works Warm intro DM ChatGPT Fast, friendly, low-friction copy Deep context follow-up Claude Reads nuance and builds trust FAQ automation ChatGPT Clear, reusable, scalable replies Lead qualification Claude Detects readiness, helps filter CRM note generation Claude Great for summarizing long convos The Real Win – Focus on Closing, Not Replying Since I implemented this ChatGPT + Claude + Chatronix setup, I spend less time chasing leads and more time closing deals. I don't lose prospects because I replied too late. I don't drop the ball on follow-ups. And I don't miss qualified leads buried in my DMs. It's not about automating relationships – it's about automating friction so real connection can happen. Want your DMs to work while you rest? ✅ Visit Chatronix and set up your dream AI sales assistant – without hiring anyone. Emily Henry writes for UKWritings Reviews and Write My Research Paper . She writes articles on many subjects including writing great resumes. Emily is also an editor at State Of Writing .
