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.

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.”

We are proud to play our part in bringing to fruition President Trump's vision for a new American golden age', Chevron Corporation's CEO and Chairman Mike Wirth said.

Chevron U.S.A. announced Tuesday a partnership with Engine No. 1 and GE Verona in plan to develop reliable power solutions for U.S. data centers running on 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,

Engine No. 1 and Chevron U.S.A. Inc. have announced establishing a strategic partnership to develop scalable and reliable power solutions for data centers across the United States, specifically powered by domestic natural gas.