Jeff Gustavson said Chevron plans to build natural gas power plants that will be directly connected to data centers used by technology companies for AI.

Activist investor Engine No.1 is now teaming up with Chevron to build natural gas-fired power plants to meet soaring AI-driven electricity demand.

Chevron Corporation CVX, Engine No. 1 and GE Vernova recently collaborated on an ambitious initiative to develop natural gas power plants to support the surging energy demands of AI-driven data centers.

Retail investors bought a net $562 million of Nvidia stock on Monday, the largest single-day inflow in at least 10 years, VandaTrack said.

Satya Nadella, the boss of Microsoft, posted on X, a social-media platform, that “Jevons paradox strikes again! As AI gets more efficient and accessible, we will see its use skyrocket, turning it into a commodity we just can’t get enough of,

Chevron and Engine No. 1 partner to build multi-gigawatt natural gas power plants, fueling the AI-driven data center boom.

We recently compiled a list of the 8 Best Value Dividend Stocks to Invest in According to Warren Buffett. In this article, we are going to take a look at where Chevron Corporation (NYSE:CVX) stands

MoneyShow presents top investment ideas for 2024 from leading advisors. Part 7 includes Village Super Market, MARA Holdings, Hess Midstream, ASML Holding and Ares Capital, among others.

Chevron, Engine No. 1 and GE Vernova are developing natural gas power plants to support AI-driven data centers, aiming to deliver up to four gigawatts by 2027.

The wakeup call came in the form of DeepSeek, a year-old Chinese start-up whose free, open-source AI model, R1, is more or less on par with advanced models from American tech giants — and it was built for a fraction of the cost, apparently with less advanced chips and it demands far less data center power to run.

Energy industry's commitment to AI infrastructure development underscores the role of natural gas in meeting growing energy demand. Check out the companies in this space.

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, is to “meet the moment and address this growing need for reliable and affordable power.”