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Chevron, GE Vernova aim to fuel power-hungry AI. DeepSeek throws that in question.
Chevron and GE Vernova are trying their hand at supplying power to data centers, just as China’s DeepSeek may upend that play.
Chevron, Engine No. 1 and GE Vernova team up on powering US data centers, with AI in focus
Oil 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,
Chevron to build gas plants to power data centers amid AI boom
Oil and gas producer Chevron said on Tuesday it plans to build natural gas-based power plants next to data centers in the U.S., as energy demand to support the growth of artificial intelligence is expected to boom.
Chevron, GE Vernova Double Down on Powering Big AI Data Centers
Chevron and GE Vernova will build enormous natural-gas power plants for artificial-intelligence data centers around the country that are big enough to power entire cities, the companies announced on Tuesday.
Chevron plans to build gas plants to power AI data centers
Chevron Corp. is launching a partnership to develop natural gas-fired power plants next to data centers, a move that will allow it to tap into surging demand for electricity for artificial intelligence.
Chevron Is Ready to Burn Gas to Power AI
Per the Times, Chevron is already ordering equipment and pursuing potential locations for these power plants, which the company believes it can get up and operational in just three years. The plan, according to Chevron CEO Mike Wirth,
Chevron Joins Race to Generate Power for A.I.
The oil company plans to build natural gas power plants that will be directly connected to data centers used by technology companies for artificial intelligence and other services.
Chevron Gets Into the AI Power Business After DeepSeek Raises Doubts
Chevron unveiled a plan Tuesday to team with an investor and power data centers, one day after DeepSeek fueled stock declines and raised doubts about how much electricity AI models will need. The timi
Chevron, GE Vernova Partner to Power AI Data Centers With Natural Gas
Key Takeaways Chevron and GE Vernova have partnered to build natural-gas power stations for U.S. data centers.The joint venture, which also includes investment firm Engine No. 1, plans to deliver up to 4 gigawatts of power,
12h
GE Vernova to invest $600 million in US manufacturing over next two years
The Cambridge-based energy company said it will create 1,500 new manufacturing and engineering jobs, in addition to the ...
19h
GE Vernova Plans to Invest Nearly $600M in U.S. Factories, Creating 1,500 Jobs
The company said the new investments are the first part of a larger $9 billion investment plan through 2028 that was announced in December. Currently GE Vernova has more than 18,000 workers across the ...
5h
on MSN
Coherent Corp. (COHR) Reports Strong Q4 Growth, Strengthens AI Position with GE Vernova Partnership
Peter Oppenheimer, the chief of global equity strategy and the head of macro research for Goldman Sachs in Europe, opined ...
2d
on MSN
Power stocks plunge as AI energy needs called into question because of new China AI lab
The debut of China’s DeepSeek AI lab is raising doubts about the billions of dollars the tech sector is investing in data ...
7d
on MSN
Trump may not like wind power, but Stargate AI plan is a boon for GE Vernova
GE Vernova’s stock was rallying toward a sixth straight record close Wednesday as optimism over how the power business will ...
GlobalData on MSN
2d
NextEra Energy and GE Vernova link for US gas-fired power projects
NextEra Energy has partnered electric services company GE Vernova to develop natural gas-fired power generation projects in ...
1d
GE Vernova still benefits from positive electric infrastructure demand, says RBC
RBC Capital keeps an Outperform rating and $453 price target on GE Vernova (GEV) after yesterday’s 22% stock price decline. The firm does not ...
1d
on MSN
GE Vernova still draws bullish recommendations after worst-ever daily loss
GE Vernova rebounds after sharp selloff as analysts maintain positive outlook on AI demand for electricity from data centers.
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