By Shariq Khan and Shashwat Awasthi
NEW YORK (Reuters) – The American oil company Chevron Corp (NYSE is considering ways to supply low-carbon energy to data center operators, Jeff Gustavson, president of Chevron New Energies, said in an interview at the Reuters NEXT conference in New York.
Gustavson's comments follow a similar announcement from Exxon Mobile (NYSE:) on Wednesday, which said it is working to help advance low-carbon electricity by adding carbon capture to natural gas-fired power plants that supply data centers.
“We're working on this as well,” Gustavson said, adding that Chevron's experience in worldwide supplying and operating natural gas-fired electrical equipment positions the company well-positioned to meet growing demand for electricity from data centers.
Chevron has been working on this for more than a year, Gustavson said on the sidelines of the event. He declined to provide additional details and said the company will make detailed announcements at the appropriate time.
“It fits a lot of our capabilities: natural gas, construction, operations and being able to offer customers a low-carbon energy path through CCUS (carbon capture, utilization and storage), geothermal and maybe some other technologies” , Gustavson said.
The rise of artificial intelligence and cloud computing is expected to significantly boost electricity demand, prompting utilities to add new natural gas plants and delay the retirement of fossil fuel power plants.
To watch the live broadcast of the World Stage go to the Reuters NEXT news page:
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